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Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $336 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
Job Title: Real Estate Finance – BDC Controller, VP
The BDC Controller will be responsible for accounting, finance, and reporting activities for Blackstone Real Estate’s newly formed business development company (“BDC”), which will invest primarily in commercial real estate loans and securities and operate alongside other real estate credit lending platforms and Blackstone’s traditional corporate-credit business.
Principal responsibilities include:
- Reporting directly to the BDC CFO with primary responsibility for all accounting, finance, and reporting matters
- Facilitate launch of the new BDC business, including IPO registration process, establishment of control environment, and development of accounting/operating policies and procedures
- Preparation and review of 10-Q and 10-K SEC filings
- Performing research on new transaction structures and accounting/SEC rules to determine their impact on financial statements
- Preparing materials for BDC Board of Directors meetings, marketing presentations, and other reporting
- Partnering with the investment team and business leads to support business analytics such as earnings models and liquidity management
- Coordinating with colleagues in the valuations and operations teams to ensure accurate accounting and reporting of BDC investments
- Oversee affiliate fund administrator to facilitate day-to-day accounting, operations, and publication of monthly NAV
- Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs, in coordination with legal and tax teams
- Establishing and maintaining an appropriate internal control framework
- Coordinating internal and external audit processes
Qualifications:
- Undergraduate degree
- 10+ years of professional work experience
- BDC product experience required
- SEC reporting experience required
- CPA license strongly preferred
- Excellent written and verbal communication skills
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:
$155,000 - $225,000
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.
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