BDC Product Experience a plus (especially non-traded BDCs)
Credit instrument product experience preferred
SEC reporting experience preferred
Alternative investment fund accounting experience required
CPA preferred
Strong awareness of internal compliance controls
Committed, self-motivated and proactive
Excellent interpersonal and communication skills
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
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 orie
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 .
Blackstone Credit & Insurance
Blackstone Credit & Insurance ("BXCI") is one of the world's leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
The BDC Associate for BXC will be involved in accounting, finance and reporting activities for Blackstone Credit's BDC investment advisory business. BXC manages BXSL (a publicly traded BDC) and BCRED (a continuously offered non-traded BDC).
The principal responsibilities for supporting the BDCs include:
Working directly with the third-party administrator to coordinate work flow and reviewing all accounting deliverables to ensure accuracy and conformity with applicable accounting standards
Maintaining shadow books and records and performing reconciliations to administrator's reporting package
Working closely with Product Control and Operations teams to identify and reconcile investment and P&L differences between internal accounting systems and administrator data
Assisting with preparation of monthly and quarterly reporting deliverables to Blackstone
Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs
Preparation and review of 10-Q and 10-K SEC filings
Working closely with the investment team with ad hoc requests, including updating BDC financial model, liquidity management, PM reporting and various ad hoc requests
Providing oversight of the valuation process of the investment portfolio
Liaising with the Investment, Operation and Investor Relations teams to review and enhance internal and investor reporting
Responding to ad hoc requests from external investors including return calculations and performance summaries
Working with IR to prepare quarterly investor deck/earnings release
Preparing materials for BDC Board of Directors
Assisting with technology initiatives
Performing research on new accounting pronouncements and their impact to the financial statements