Mar 01, 2023

Fund Accounting Associate

  • Blackstone
  • New Jersey, USA
Full time Accounting

Job Description

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow @blackstone on LinkedInTwitter, and Instagram.


Job Description:

Blackstone’s Global Fund Finance team is seeking a Fund Accounting Associate to join the team in support of business growth.


Primary Responsibilities:

  • Reviewing daily and monthly estimate and final fund NAVs.
  • Preparing and reviewing capital calls and distributions allocations
  • Assist in tracking investment cost and monitoring the fair value of the investments
  • Preparation and oversight of quarterly NAV and portfolio reconciliation process; investigating and resolving discrepancies with internal operations teams
  • Calculating management fees, distributions, waterfall allocations, and IRR
  • Preparing and reviewing fund forecasts, performance estimates, attributions, and other ad-hoc projects
  • Assisting in review of investor statements and internal reporting
  • Coordinating with external auditors for the year-end audit process
  • Overseeing and reviewing the work of the offshore team


Blackstone seeks to hire individuals who are highly motivated, proactive, intelligent, and have demonstrated excellence in prior endeavors. The successful candidate should have:

  • BS (or above) in Accounting or Finance
  • 3+ years of fund, audit, or administrator experience / 3+ years of public or private accounting experience
  • Experience in private equity and / or hedge funds and / or audit preferred
  • Knowledge of SEC / relevant regulatory filings for investment funds preferred
  • CPA preferred
  • Strong Excel skills preferred
  • Excellent analytical, technical, and communication skills
  • Able to multi-task and effectively manage their own time.
  • A collaborative team player, always willing to assist colleagues.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$90,000 - $115,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

  • Attending client meetings where you are discussing Blackstone products and/or and client questions;

  • Marketing Blackstone funds to new or existing clients;

  • Supervising or training securities licensed employees;

  • Structuring or creating Blackstone funds/products; and

  • Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.