Perpetual Finance - Fund Accountant - Assistant Vice President

About Blackstone

Blackstone is the world's largest alternative asset manager, managing $1.1 trillion in assets under management across private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds on a global basis. 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.

The Role

As a Fund Accountant at the Assistant Vice President level within our Perpetual Finance division, you'll own the day-to-day activities related to fund accounting and reporting for open-ended core real estate funds. These funds are administered both externally and internally, requiring you to work across multiple dimensions of fund operations.

Your responsibilities will span several critical areas. You'll liaise directly with our third-party fund administrator on matters including cash management, capital allocations, accruals and expense budgeting, financial statements, capital call drawdown notices, distributions, redemptions, and ad-hoc investor requests. You'll review quarterly estimates and final fund NAVs, ensure accurate calculation of waterfall and incentive models, and manage the entire expense process while maintaining compliance with fund LPAs and firm policies.

Financial reporting and close processes will be core to your work. You'll handle financial deliverables associated with quarterly closes, produce quarterly and annual fund partnerships' GAAP financial statements, and coordinate with external auditors for annual audits. Additionally, you'll review quarterly and annual financial regulatory reporting and work closely with our internal audit team to ensure SOX compliance.

Collaboration is essential in this role. You'll work across multiple internal teams including Tax, Acquisitions, Portfolio Management, Asset Management, Legal & Compliance, Investor Client Services, FP&A, Technology, and Treasury. As part of your responsibilities, you'll also manage an offshore team.

What We're Looking For

You'll need a BS (or above) in Accounting or Finance, with a CPA preferred. Minimum 6+ years of experience in audit, fund administration, or related roles is required. Experience with open-ended funds and real estate industry experience are strongly preferred, along with solid investment company accounting knowledge and understanding of common industry performance metrics.

Beyond technical qualifications, we're seeking someone who's a collaborative team player, always willing to assist colleagues. You should possess a strong work ethic and professional integrity, and be comfortable working in a dynamic, fast-paced environment where priorities can shift and new challenges emerge regularly.

Compensation and Benefits

The expected annual base salary range: for this position is $140,000 to $200,000. Actual base salary within that range will be determined based on your experience, skills, qualifications, and job location.

Beyond base salary, you'll receive comprehensive health benefits including medical, dental, vision, and FSA benefits; paid time off; life insurance; a 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.

About Our Culture

At Blackstone, we look to attract and retain the brightest minds in the business across a wide range of disciplines. Our employees are integral to the firm's identity, contributing to a culture of integrity, professionalism and excellence. We encourage independent thinking and reward initiative, while providing services to help you grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.

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.