Finance - Investment Operations - Perpetuals - Associate

Posted 9 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
110K-150K Annually
Mid level
Fintech
The Role
Manage liquidity and cash operations for perpetual private equity funds, including forecasting, scenario modeling, credit facility utilization, cash movements, settlements, financing, reconciliations, and reporting. Partner with investment, accounting, legal, tax, custodial, and financing teams. Supervise junior and offshore support, strengthen controls, support audits, and drive automation and process improvements across fund operations.
Summary Generated by Built In

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Job Title: Investment Operations – Perpetuals - Associate


Job Description:

 The Finance – Operations team is responsible for overseeing fund administration, liquidity management, and portfolio financing activities for Blackstone’s Perpetual Private Equity funds. The role partners closely with investment teams, portfolio management, finance leadership, and external counterparties to optimize fund liquidity, capital deployment, and operational efficiency.

This position is well suited for candidates with experience in fund operations, cash forecasting, or liquidity modelling within private equity, asset management, banking, or alternative investments.


Key responsibilities will include but are not limited to:

  • Lead fund-level liquidity management activities, including cash positioning, liquidity forecasting, and scenario modelling across capital deployments, realizations, financing activities, and investor flows
  • Develop and maintain dynamic liquidity models to support portfolio management, financing decisions, and strategic capital allocation
  • Monitor and optimize utilization of fund credit facilities, including borrowing base calculations, covenant compliance, lender reporting, and capacity planning
  • Manage daily cash operations including cash movements, funding coordination, settlement oversight, and liquidity reporting across multiple entities and accounts
  • Oversee trading, settlement, and operational support for liquid credit and short-term investment positions
  • Prepare and deliver liquidity, leverage, and portfolio financing reporting to senior management including the COO, CFO, Head of Finance, and Portfolio Management teams
  • Monitor and enhance operational controls surrounding cash management
  • Coordinate investment closing and sale-related funds flows with deal teams, legal counsel, tax advisors, custodians, and counterparties
  • Partner with fund accounting teams on transaction accounting, cash reconciliations, and financial statement support under GAAP
  • Supervise and review responsibilities delegated to junior team members and offshore support teams
  • Drive process improvement and automation initiatives related to liquidity reporting, forecasting, and operational infrastructure
  • Support audits, regulatory inquiries, and ad hoc strategic projects as needed

Qualifications:

  • Bachelor’s Degree in Accounting or Finance
  • 3+ years of private equity fund operations, hedge fund operations or private equity fund accounting experience
  • Strong analytical, quantitative, and problem-solving skills with exceptional attention to detail
  • Strong understanding of cash management, liquidity forecasting, financing facilities, borrowing base mechanics, and cash controls
  • Skill to work in a dynamic professional environment and handle multiple projects and deadlines
  • Builds relationships and communicates 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 works independently
  • 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

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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.

Skills Required

  • Bachelor's degree in Accounting or Finance
  • 3+ years of private equity fund operations, hedge fund operations, or private equity fund accounting experience
  • Strong analytical, quantitative, and problem-solving skills with exceptional attention to detail
  • Strong understanding of cash management, liquidity forecasting, financing facilities, borrowing base mechanics, and cash controls
  • Ability to work in a dynamic professional environment and handle multiple projects and deadlines
  • Ability to build relationships and communicate effectively across multiple levels, functions, and regions
  • Ability to work and communicate effectively with team members to meet deadlines efficiently, accurately, and thoroughly
  • Desire to implement process improvement opportunities
  • Ability to work independently as a self-starter
  • Advanced proficiency in Microsoft Office, including Excel, Word, and PowerPoint

Blackstone Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Blackstone and has not been reviewed or approved by Blackstone.

  • Parental & Family Support — Primary‑caregiver leave is described at roughly 20 weeks with secondary‑caregiver and adoption options, alongside fertility and family‑planning resources. Backup care, nursing support, and phased return programs are also highlighted.
  • Wellbeing & Lifestyle Benefits — Day‑to‑day perks include free or subsidized meals and wellness resources such as fitness partnerships and meditation apps. Employee networks and structured learning programs are emphasized as part of the overall benefits experience.
  • Career-Linked Recognition & Rewards — Pay is considered competitive with meaningful performance‑linked bonuses in investing and select tech roles. Market positioning for investment talent and role‑aligned upside (including potential carry) are noted as important drivers.

Blackstone Insights

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The Company
HQ: New York, NY
4,671 Employees
Year Founded: 1985

What We Do

Blackstone is one of the world’s leading investment firms. 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 asset management businesses include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

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