Blackstone
Accelerating Growth
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Position Description: This position will be involved in investment operations for Blackstone Real Estate Partners funds (“BREP”) and its underlying investments.
Specific Responsibilities:
- Plan, prepare and manage the capital call memo process
- Manage Fund liquidity by maintaining a comprehensive forecast model for each fund line of credit (including subscription and NAV lines)
- Work closely with capital markets professionals (BXCM) on investment level debt placement
- Monitor Fund LPA limitations and deal certificates / line of credit covenant compliance
- Coordinate fund level operating activities, credit facility maintenance, deal funding, and investor funding
- Prepare internal reporting for Real Estate COO & CFO on fund metrics, dry powder, and liquidity schedules; provide analysis and recommended actions
- Responsible for the oversight of prompt responses to internal requests, investor requests and ad hoc projects by the team
- Manage, train and develop staff both in the U.S. and India to assist with operational work
- Work with Legal and Compliance team to ensure compliance with various fund policies and procedures including LPA limitations, side-letter agreements, deal certificates, and line of credit covenants
- Coordinate the testing and implementation of initiatives to improve and streamline fund operations functions
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors.
- 8+ years of Big 4 experience in the private equity industry (Preferably private equity experience)
- Undergraduate degree in Accounting, Finance or Economics
- CPA or graduate degree preferred
- Proficient knowledge of Microsoft Office Suite (Excel, Word, PowerPoint)
- Strong analytical skills, detail oriented and highly organized
- Experience analyzing large data sets preferred
- Possesses a strong work ethic, professional integrity, and a positive attitude
- Strong oral and written communication skills
- Ability to work in a dynamic environment and handle multiple projects
Source: Blackstone Career Page
