This job has expired, please see additional jobs below
Strategic Partners - Senior Accountant, Director
Blackstone
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Job Description:
Job Title: Director
Business Unit: Strategic Partners Fund Solutions (“Strategic Partners”)
Firm Overview:
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, with approximately $440 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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.
Business Unit:
Strategic Partners
Business Unit Overview:
Strategic Partners Fund Solutions is a leading investor in the secondary market for institutional and private-wealth limited-partner interests in private equity, real estate, venture capital, and other areas. The Strategic Partners team has long-term experience in providing limited partners a range of liquidity solutions on a fair, timely and confidential basis, and has raised over $31 billion in capital commitments since its founding in 2000. Focusing on opportunities in funds globally, Strategic Partners uses its market positioning and substantial knowledge of fund investments to reinforce its already established reputation as a nimble and responsive investor.
Job Description:
Strategic Partners has raised over $31 billion in committed capital and seeks capital appreciation through the purchase of limited partnership interests in high-quality private equity funds from current investors seeking to sell their investments prior to the termination of those funds.
As a Director Strategic Partners, you will be involved in all finance-related matters for the Strategic Partners business including budgeting, reporting, and developing and implementing financial procedures to improve and maintain the accounting process. This person will also work closely with Blackstone finance, treasury, compliance, deal, legal, and investor relations teams.
Responsibilities:
• Compile and analyze financial reporting packages
• Prepare quarterly and annual operating budgets
• Develop and manage financial controls in accordance with the company’s procedures
• Ensure full transparency over the financial performance of the SP business
• Work closely with senior team members on accounting issues
• Ability to work collaboratively with other areas of Blackstone including finance, tax, deal teams, legal, marketing and treasury
• Multi-task - will be working on many projects at the same time
• Ability to understand partnership agreements
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors as well as:
• 8+ years of relevant work experience
• Private Equity experience strongly preferred
• Deep understanding of partner allocations, distribution waterfalls, IRRs, investor multiples
• Excellent communication and organizational skills
• Ability to work well as part of a small, tightly knit team
The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.
To submit your application please complete the form below. Fields marked with a red asterisk * are required in order to enter into a possible employment contract (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application.