Finance - BAAM Pricing, AVP at Blackstone (Miami, FL)

| Miami, FL
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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 $881 billion 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 Follow @blackstone on LinkedIn, Twitter, and Instagram.

Blackstone Alternative Asset Management (BAAM®) manages approximately $81 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients' goals, a rigorous due-diligence process and access to Blackstone's global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while mitigating downside risk during stressed market environments

Job Title: Finance - BAAM Pricing, AVP

Job Description:

The Finance Middle Office team is looking for an AVP for Blackstone Alternative Asset Management ("BAAM"). The core focus of the group is to coordinate, evaluate, analyze, and report pricing for BAAM.

Primary Responsibilities:
  • Lead the pricing process in line with BAAM's Pricing Authorization Matrix, BAAM's valuation policy, and Blackstone's valuation policy as well as requisite external guidance
  • Assist in day-to-day management of the team including, but not limited to, checking daily and monthly pricing feeds from multiple vendors, trade back-testing, stale price checks, ASC leveling, price source checks against pricing authorization matrix, profit and loss, price estimates and actuals comparisons, presentation to senior leaders, and completion of ad-hoc deliverables
  • Coordinate with the Direct Investing operations team for sourcing estimate valuations on fund of hedge fund investments
  • Work with the investment team and sub-advisors in the aggregation of broker quotes
  • Oversee the preparation, review, and presentation of materials for the Valuation Committee
  • Drive the onboarding process for investments, maintain data collection procedures, identify changes in ASC leveling, and coordinate with the FMO - Portfolio Valuation & Analytics team as necessary
  • Manage relationships with pricing vendors and manage the annual audit
  • Implement controls, enhancements and improvements to the group's reporting processes, procedures, offshore resources, and use of technology
  • Manage the creation and development of presentation materials to effectively communicate results within BAAM and wider Blackstone
  • Assist in the presentation of pricing results to various internal committees, external auditors, and limited partners
  • Review month-end flash reporting to key internal stakeholders
  • Maintain relationships with core constituencies including, Portfolio Valuation & Analytics, Asset Management, deal professionals, Investor Relations, Operations, Accounting, and Finance teams
  • Work closely with the Portfolio Valuation & Analytics team and assist in onboarding certain Level 3 valuation models.
  • Perform data analytics, identify noteworthy trends, and present analysis to senior leaders.
  • Trajectory toward greater managerial responsibilities based on performance

  • Bachelor's Degree in Finance, Economics, Accounting, or similar discipline
  • 6+ years of pricing experience in a hedge fund, relevant consulting firm, or a similar environment
  • 1+ years of experience managing a team of at least 3 individuals
  • Proven ability to work in a fast-paced, dynamic, and challenging environment that requires execution of recurring deliverables as well as projects and initiatives in support of a rapidly growing business
  • Thorough understanding of profit and loss and familiarity with ASC 820. Familiarity with a wide range of pricing vendors and technology (e.g., Bloomberg, IHS Markit, Refinitiv, Arcesium, BAML PriceServ, JPM Price Direct, and IDC) and asset classes (e.g., equity, swaps, options, bonds, loans, CDS, CMBX, futures, currency forwards, ABS, and fund investments)
  • Strong interpersonal skills, high EQ, and the ability to confidently and competently handle interactions with Portfolio Valuation & Analytics, deal professionals, Asset Management, and portfolio company representatives
  • Excellent oral and written communication skills. Confidence presenting to large groups of senior leaders (e.g., monthly Pricing Committee and quarterly BAAM Valuation Committee)
  • Able to multi-task and manager their own time
  • Proficiency in MS Excel and MS PowerPoint is required
  • Proficiency in Snowflake a plus

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.

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).

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.
More Information on Blackstone
Blackstone operates in the Fintech industry. The company is located in New York, NY. Blackstone was founded in 1985. It has 4671 total employees. It offers perks and benefits such as Health insurance, Remote work program. To see all 43 open jobs at Blackstone, click here.
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