Partner with investment teams, fund counsel, tax advisors, and portfolio company management to support investment transactions.
Serve as a primary liaison for investor inquiries related to fund activities.
Liaise with fund accounting, investor services, legal, tax and finance teams to source information for specific investors for LP performance summaries and various requests
Coordinate with fund accountants on deal transaction accounting.
Manage capital calls, line of credit capacity, and covenant compliance.
Review capital call and distribution memos for accuracy and compliance.
Oversee expense processes in accordance with LPAs and firm policies.
Manage SPV-level accounting for U.S. opportunistic deals.
Partner with Institutional Client Solutions on investor relations and due diligence deliverables.
Interpret and apply LPA provisions to operational decisions.
Coordinate with internal and external auditors.
Design, implement, and maintain scalable processes across the real estate operating platform.
Oversee assignments for both New York and offshore operations teams.
Review and analyze internal reporting to the Real Estate COO and CFO on fund metrics, dry powder, and liquidity; recommend actions based on findings.
Monitor fund LPA limitations and ensure adherence to credit agreement covenants.
Collaborate on daily basis with team members and COE team to provide guidance, training, and opportunity to enhance processes
Lead special projects and respond to ad hoc internal requests.
Requirements
Bachelor's Degree in Accounting or Finance
3+ years of public accounting, private equity fund accounting, or private equity fund operations experience
Strong technical accounting skills
Strong analytical and organizational skills
Detail oriented
Work in a dynamic professional environment and handle multiple projects and deadlines
Build relationships and communicate effectively across multiple levels, functions and regions
Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
Desire to implement process improvement opportunities
A self-starter who can work autonomously
Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) required
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:
$110,000 - $150,000
Benefits
Health insuranceDental insuranceVision insurance401(k)Flexible scheduleEquity / stock optionsPerformance bonus
Additional Information
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 $1.1 trillion 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 www.blackstone.com . Follow @blackstone on LinkedIn , X , and Instagram .
Job Title: Blackstone Real Estate Partners - Investment Operations - Associate
Job Description:
The Operations Group supports all aspects of fund and investment operations for Blackstone's opportunistic real estate funds. The individual will collaborate closely with accounting, tax, valuations, asset management, portfolio company leadership, and external advisors to oversee operational execution, ensure compliance, and drive process efficiency across the platform.
Blackstone · NY