The General Partner Accounting (GPA) team is primarily responsible for quarterly GAAP reporting, which flows into the 10 K and 10 Q, and internal tax reporting to the Blackstone personnel that participate in the firm’s SBS and Carried Interest Programs. The Associate will gain an understanding of Partnership accounting, from both a GAAP and Tax perspective, and become familiar with certain tax forms (such as Schedule K 1, Federal and State tax returns). The successful candidate will have GAAP an... more details
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 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.
Job Title: General Partner Accounting, Associate
Job Description:
The General Partner Accounting (GPA) team is primarily responsible for quarterly GAAP reporting, which flows into the 10K and 10Q, and internal tax reporting to the Blackstone personnel that participate in the firm’s SBS and Carried Interest Programs. The Associate will gain an understanding of Partnership accounting, from both a GAAP and Tax perspective, and become familiar with certain tax forms (such as Schedule K1, Federal and State tax returns).
The successful candidate will have GAAP and Tax reporting responsibility for our General Partner (GP) and Side-by-Side (SBS) entities.
- Full accounting and reporting responsibilities for GP and SBS entities
- Oversight of our offshore team including daily and monthly journal entry review and related reconciliations
- Extensive interaction with our fund & tax accountants
- Quarterly GAAP Financial Statements utilizing Investran and Oracle software
- Quarterly GAAP disclosure items
- Fund to GP Reconciliation of Partner Contributions and Distributions
- Preparation of Federal and State Tax Estimates
- Annual Tax compliance utilizing iPACS/Investran/Excel software
- Partner analysis and explanation of tax information as requested
- Annual preparation of audited Side-by-Side Financial Statements
- Sarbanes Oxley compliance
Qualifications:
- 3+ years of related experience
- Accounting degree is required
- CPA or public accounting experience pursuing CPA a plus
- Strong analytical skills, confidence and interpersonal skills are required
- Strong MS Excel skills are required
- Alternative Asset Management experience is a plus
- Attention to detail and ability to multi-task are critical
- Results-oriented individual with a sense of urgency and commitment
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:
$105,000 - $140,000
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 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.
