Finance - Private Equity Investment Operations - Assistant Vice President

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New Jersey, USA
125K-200K Annually
Fintech
The Role

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 LinkedInX, and Instagram.

Job Title: Private Equity Finance – Operations, AVP

Job Description:

The Private Equity Finance – Operations group is responsible for all aspects of fund administration operations related to Blackstone’s private equity funds. Additionally, the group supports the private equity deal teams and internal marketing groups.

Key responsibilities will include but are not limited to:

  • Work closely with deal teams/fund counsel/tax advisors and portfolio company (“PC”) management on investment transactions and support
  • Liaise with the fund accountants on deal transaction accounting for GAAP F/S
  • Manage the investment closing/sale funds flow process alongside the deal teams
  • Manage responsibilities and assignments delegated to the junior NY or offshore teams
  • Review of capital call and distribution memos
  • Prepare/review of internal reporting to COO, CFO and Head of Finance on fund metrics and dry powder schedules
  • Liaise with investors
  • Forecasting PC cash-flow and fund capital call needs
  • Reading and interpreting LPAs
  • Monitor fund LPA limit and deal certificate compliance
  • Manage capacity on the funds’ credit lines as well as borrowing base compliance/covenants
  • Oversee the creation and maintenance of fund and investment structure charts and KYC/AML letters
  • Manage custody with 3rd party vendor, share/stock reconciliation and proxy voting process for fund investments
  • Liaise with external and internal auditors
  • Manage the expense process and compliance with LPA and firm policies
  • Work with technology team to improve automation/reporting of manual processes
  • Assist with special projects and internal ad hoc requests as needed

Qualifications:

  • Bachelor’s Degree in Accounting or Finance
  • CPA preferred
  • 5+ 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
  • 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
  • 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 with the ability to work autonomously
  • 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:

$125,000 - $200,000

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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 email Human Resources at [email protected].

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.

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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