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Blackstone Real Estate Income Trust
Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $325 billion in investor capital under management. Further information is available at www.breit.com.
Blackstone Real Estate Income Trust (BREIT) – Finance – Portfolio Accounting, Associate
In this role, the Associate will be responsible for ensuring the monthly property results are accurately reported, corporate level activity is recorded correctly, and for preparing the quarterly audit committee materials.
Responsibilities:
- Work directly with Blackstone Real Estate portfolio companies to review the accuracy of underlying monthly property results
- Ensure portfolio companies are appropriately accounting for capital expenditures at BREIT’s properties
- Coordinate with other groups and senior BREIT leadership to prepare the monthly NAV Prospectus Supplement and ensure it is filed with the SEC
- Liaise with the fund administrator to validate corporate level activity, including corporate level debt, offering costs, and corporate G&A
- Partner with others in BREIT Finance to strike the monthly NAV
- Work with senior members of the finance team to prepare quarterly materials for the audit committee of BREIT’s board of directors
- Produce the monthly distribution calculations and ensure the related Form 8-K is filed with the SEC
- Assist with ad hoc analysis and projects
Qualifications:
- BS (or above) in Accounting or Finance and CPA is required
- 3+ years of public and/or private accounting experience
- Experience with public REITs and historical-cost accounting is preferred
- Strong written and verbal communication skills
- Ability to thrive in a team-based environment
- Highly organized and proactive
- Ability to work effectively in a dynamic culture
- Detail oriented and possess strong work ethic; ability to multi-task and execute a wide range of assignments; strong time management skills
- Ideal candidates would have a commitment to excellence in their work product and a desire to learn and grow as a professional
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.
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