Blackstone · 13 hours ago
Blackstone Finance - Associate
Berkeley Heights, NJ
Full-time
Onsite
Entry, Mid Level
$110K/yr - $150K/yr
2+ years expBlackstone is the world’s largest alternative asset manager, seeking to create positive economic impact and long-term value. The Associate will be responsible for managing accounting for credit drawdown funds, overseeing financial statements, collaborating with various teams on investments, and ensuring accurate financial reporting.
Financial Services
Responsibilities
Accounting for Blackstone Credit drawdown funds leveraging the fund’s general ledger (“GL”) and internal work papers
Oversee the review of daily bank activities, managing cash with the deal team
Maintain information and reconcile loan investments and debt financings in the GL system and internal work papers to loan tracking models
Review quarterly/annual financial statements, quarterly capital statements, LP distributions and capital call notifications, Blackstone reporting deliverables, and quarterly work papers for internal review and quarterly reporting support
Collaborate with the deal team, legal team, tax, treasury and operations teams on new investments and restructures
Review management fee calculations, rebates and offsets for accuracy and completeness
Prepare and review realized and unrealized waterfall calculations
Review the gross levered/unlevered and Net IRR calculations
Manage the day-to-day of the offshore COE team to ensure accurate and timely preparation of work papers and reconciliation files
Collaborate with third-party administrators
Manage upward – communicating any issues and helping come up with solutions
Prepare support analyses for partnership activities to external auditors for year-end audits and partnership tax returns
Oversee financial portion of the regulatory filings for Form PF, ADV and AIFMD
Perform other duties and assist with ad hoc projects and systems implementation as necessary
Qualification
Required
Bachelor's degree (or foreign equivalent) in Accounting, Finance, or a related field required
Minimum of 2 years of experience in job offered or related occupations required
Minimum of 2 years of experience using Microsoft Excel to prepare detailed financial packages and accounting workpapers
Minimum of 2 years of experience in public accounting and/or private funds administration
Minimum of 1 year of experience using Investran to book journal entries related to Credit Drawdown Funds
Minimum of 1 year of experience using nVision, Geneva and Axiom to review fund formations and investment activities, and perform reconciliations between fund accounting and mid-office data
Minimum of 1 year of experience using Oracle and MDM for Investran journal entry booking and expenses tracking
Minimum of 1 year of experience using Sigma to perform cross-unit reconciliations as well as other ad-hoc tasks
Minimum of 1 year of experience working with the client's different teams, including their deal team, middle-office team, and legal team, to obtain updates and enhancing knowledge of private funds and investment activities
Minimum of 1 year of experience calculating management fees and performance fees for different fund structures
Minimum of 1 year of experience coordinating with different internal teams for cross-unit collaborations to deliver great results for the client
Benefits
Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
Paid time off
Life insurance
401(k) plan
Discretionary bonuses
Equity and other incentive compensation at Blackstone’s sole discretion
Company
Blackstone
Blackstone is the world’s largest alternative asset manager.
1001-5000 employees
H1B Sponsorship
Blackstone has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (102)
2024 (52)
2023 (44)
2022 (11)
Funding
Current Stage
Late StageLeadership Team
Brad Marshall
Global Head of Private Credit Strategies, Co-CEO of BCRED/BXSL
jesse blackstone
SECURITY & EDUCATION CEO
Recent News
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