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.
Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
Job Title: BDC Controller, Vice President
The BDC Controller will be a leader of the accounting, finance and financial reporting for Blackstone Credit’s business development company (BDC) investment advisory business. Blackstone Credit manages BXSL (a publicly traded BDC) and BCRED (a continuously offered non-traded BDC).
The principal responsibilities for supporting the BDCs include:
- Managing teams responsible for day-to-day accounting, administration, and reporting of the business development companies
- Overseeing internal accounting team and working directly with the third-party administrator to determine the fund’s monthly NAV
- Reporting directly to the chief accounting officer of the BDCs and working closely with the chief financial officer of the BDCs
- Preparing the analysis of fund returns and delivering regular management deliverables on fund performance and key fund metrics
- Monitoring compliance with the SEC and IRS regulatory tests applicable to BDCs, in coordination with legal, compliance and tax teams
- Preparing 10-K/10-Q and other SEC filings. Performing research on new transactions and new accounting pronouncements and assess their impact on financial statements
- Working closely with Operations, Product Control and Valuations teams to ensure consistency between internal accounting systems and administrator data and accurate reporting of fund investments and P&L
- Partnering with the investment and business teams to support fund analytics, including maintaining the BDC financial model, liquidity management, and portfolio manager reporting
- Preparing materials and presenting to the BDC Board of Directors
- Coordinating with technology teams to improve automation of manual processes
- Establishing and maintaining an appropriate internal control framework
Qualifications:
- Undergraduate degree
- CPA license is required
- 8+ years of or work experience (public/private accounting mix preferred)
- BDC product experience required (non-traded BDCs a plus)
- SEC reporting experience required
- Strong internal financial controls awareness
- Excellent interpersonal and communication 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:
$150,000 - $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.
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.
