Internal Investment Programs – Associate

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 LinkedIn, Twitter, and Instagram.
 

Group Overview:

The Personal Investment Management Group (“PIM”) is responsible for the coordination, management, and administration the firm and its affiliates’ co-investment and carried interest programs. The team plays a vital role in the Blackstone investment process, working hands-on with investments from inception to distribution, while managing impact to financial statements. The team is responsible for funding for the relevant investment partnerships, structuring investment allocations, facilitating members’ use of leverage and distributing investment proceeds. The team also specializes in management of investment related compensation including carried interest and incentive fees. 

Job Description:  

The candidate will work with members of the team at all levels on an array of projects and concepts relating to individual employee participation in Blackstone’s alternative investment vehicles. The individual will expand their knowledge of fund structure and associated investment economics that these programs are built on, as well as obtain detailed knowledge of carried interest calculations and participation. Responsibilities will include capital call and distribution activity, quarterly investment reporting and internal management reporting related to the global program. The individual will get broad exposure across the business groups and collaborate with various teams in the Strategic Incentives Group, Human Resources and Finance.  Responsibilities include:

• Structure detailed investment allocation models utilizing knowledge of fund structures and investment characteristics

• Calculate individual distribution amounts for carried interest and capital investments for all participants program-wide

• Assist with quarterly and cumulative carried interest valuations

• Work with management on items related to carried interest compensation

• Perform detailed ad-hoc analyses and create presentations related to individual and firm wide investment holdings in Blackstone funds for management, investors, and third parties

• Manage and assist in projects related to technology, reporting, and process improvement

• Facilitate detailed quarterly reporting to participants on their investment portfolio and be responsive to investor questions and requests

• Coordinate with third-party relationship banks, legal counsel, and individual borrowers to support firm-sponsored financing programs

Qualifications:

• Bachelor’s degree in accounting or finance

• 3 years of relevant work experience

• Superior academic achievement

• Strong leader with solid business judgment

• Team-oriented individual

• Highly motivated and willingness to learn

• Excellent analytical skills

• Attention to detail and accuracy

• Excellent communication skills, written and verbal

• Proficient in Excel and PowerPoint

• Investran experience preferred

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:

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 HR-Recruiting-Americas@Blackstone.com.

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.

Salary : $100,000 - $140,000