Real Estate Finance – Core+ Real Estate Financial Reporting & Operations, Associate

Overview

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, X, and Instagram.

Blackstone Real Estate

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 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 under-managed, 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 – Core+ Real Estate Financial Reporting & Operations Associate

Role and Responsibilities

The Firm is looking to recruit an Associate to work as part of the Financial Reporting & Operations team covering Blackstone’s Core+ real estate funds, primarily focusing on Blackstone Property Partners Europe (BPPE).

In this role, the Associate will be an integral member of the Real Estate Finance team in London focusing on financial reporting and operations. The focus of the team is to produce timely and accurate financial information for reporting to investors, other external and internal stakeholders. The team aims for best-in-class business partnering with all Blackstone Real Estate departments including Business Strategy, Asset Management, Transactions, Capital Markets and Investor Relations. The Associate will have the opportunity to participate in an array of projects and will be expected to assume a key role on the team.

• Distributions: act as project lead for the quarterly distribution cycle
  • Critically challenge local accountants on cash available for distribution
  • Coordinate with internal stakeholders, including tax and asset management, for review and approval of distributions
  • Manage the FX trade and cash flow process to ensure timely payments to investors
  • Prepare high-quality analysis for reporting to senior management

• Bond Programme: manage operations of BPPE’s bond programme, BPPEH, including:
  • Tracking and reporting debt and interest allocations to investments
  • Oversee production of biannual financing statements and audit
  • Supporting the annual credit rating process
• FP&A: Support with Revantage with the preparation and senior review of the quarterly P&L of investments. Collaborate across funds and geographic regions to enhance consistency and automation of reporting.
• Cash management: monitoring the cash and liquidity position of investments to support effective working capital management, including maximising interest income through effective use of treasury instruments/deposits.
• Business Partner: be a trusted business partner to various internal stakeholders. Produce high-quality, insightful analysis, both recurring and ad-hoc, to support decision making of the asset management and fund strategy teams.
• Automation: identify and lead development of improvements to existing processes and implementation of technology initiatives.
• Valuations: work closely with the Valuation team to ensure timely and accurate investment level financial information is included in the Fund’s NAV.
• Managerial experience: oversight and review of activities performed by Revantage Luxembourg and leading efforts to increase the use of the Centre of Excellence team in India.

Qualifications

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in all prior endeavours.

The successful candidate must have:

• Degree qualified, plus ACA/ACCA (or local equivalent qualification) or CFA
• 5+ years’ experience in an accounting / finance role (either in industry or in practice)
• Prior experience in real estate and/or asset management sectors is a significant advantage
• Strong analytical and financial skills, including strong knowledge of finance and accounting and excellent Excel expertise
• Experience of using technology to deliver process improvements or automation is an advantage
• High motivation and be able to work independently and manage numerous, conflicting priorities and requests
• Confidence to build relationships and be a key contact point for a range of senior stakeholders
• Inquisitive mindset that seeks to fully understand, be accountable for, and improve delivery of their responsibilities
• Willingness to take on additional projects and support others in the department outside their direct responsibilities

All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, age, disability, sexual orientation, national origin, or any other category protected by law.

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 exhaustive 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.