Real Estate Debt Strategies, Operations & Finance Associate

Blackstone is the world’s largest alternative asset manager.

Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests.

Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.

Further information is available at www. blackstone. com.

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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 $319 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).

The BREDS Operations team is responsible for executing new investing and capital markets transactions across the BREDS business, as well as overseeing daily portfolio activities and cash flows.

This role suits candidates with strong technical, organizational, and communication skills who are motivated to make an impact in a fast-paced, high-performing environment.

Key Responsibilities

• Support the operations of approximately $78 billion in BREDS assets under management and related transactions, including the firm’s publicly listed REIT, Blackstone Mortgage Trust (NYSE: BXMT), private fund structures, single managed accounts, and insurance vehicles.
• Partner with investment professionals and BREDS Finance teams in London, New York, and Sydney to execute new investment transactions and financing strategies.
• Oversee aspects of the BREDS offshore operations team and the dedicated portfolio company servicing and onboarding team, providing training to junior members as required.
• Execute investment funding activities alongside the BREDS asset management team, including related treasury, debt financing, and foreign currency considerations.
• Manage the operations of credit facilities across multiple BREDS vehicles, including future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations.
• Liaise with BREDS asset managers and the servicing and onboarding team to validate monthly interest income calculations, funding and paydown activity, and waterfall cash remittances.
• Review monthly and quarterly investment portfolio analytics prepared for senior management.

Qualifications

• Bachelor’s degree in finance, accounting, or a related discipline; CFA and/or ACA/ACCA/CIMA credentials are a plus.
• 3+ years of experience in public accounting, transaction services, a private equity fund, consulting, or other relevant real estate debt roles.
• Background in financial services and/or real estate preferred.
• Demonstrated success working in a dynamic environment that involves transaction execution as well as project-based initiatives supporting a rapidly growing business.
• Self-motivated professional with a strong work ethic and keen attention to detail.
• Innovative mindset with comfort leveraging technology and systems to improve processes.
• Excellent oral and written communication skills.
• Proficiency in MS Excel required.

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.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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 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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