Mar 01, 2023

Fund Accounting, Manager

  • Blackstone
  • New York, NY, 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 $941 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:

Primary Responsibilities:

  • Accounting for Blackstone funds leveraging the fund’s general ledger and internal workpapers
  • Oversee the review of daily bank activities, manage cash with the deal team
  • Maintaining information and reconciling loan investments and debt financings in the GL system and internal workpapers 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 calculation, 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 and Analyst/Associates to ensure accurate and timely preparation of work papers and reconciliation files
  • Collaborate with the Luxembourg third-party administrators
  • Manage upward – communicate any issues and help come up with solutions
  • Assisting with ad hoc projects and system implementations as necessary
  • Preparing support analyses for partnership activities to external auditors for year-end audits and partnership tax returns


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 is required
  • 7+ years public/private experience is preferred
  • Audit experience is preferred
  • Experience in the financial services is preferred
  • Strong Excel skills preferred

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:

$130,000 - $165,000

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.