Blackstone Real Estate Partners - Investment Operations - Associate

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.

Job Title: Blackstone Real Estate Partners – Investment Operations – Associate

Job Description:

The Operations Group supports all aspects of fund and investment operations for Blackstone’s opportunistic real estate funds. The individual will collaborate closely with accounting, tax, valuations, asset management, portfolio company leadership, and external advisors to oversee operational execution, ensure compliance, and drive process efficiency across the platform.

Key Responsibilities

• Partner with investment teams, fund counsel, tax advisors, and portfolio company management to support investment transactions.
• Serve as a primary liaison for investor inquiries related to fund activities.
• Liaise with fund accounting, investor services, legal, tax and finance teams to source information for specific investors for LP performance summaries and various requests
• Coordinate with fund accountants on deal transaction accounting.
• Manage capital calls, line of credit capacity, and covenant compliance.
• Review capital call and distribution memos for accuracy and compliance.
• Oversee expense processes in accordance with LPAs and firm policies.
• Manage SPV-level accounting for U.S. opportunistic deals.
• Partner with Institutional Client Solutions on investor relations and due diligence deliverables.
• Interpret and apply LPA provisions to operational decisions.
• Coordinate with internal and external auditors.
• Design, implement, and maintain scalable processes across the real estate operating platform.
• Oversee assignments for both New York and offshore operations teams.
• Review and analyze internal reporting to the Real Estate COO and CFO on fund metrics, dry powder, and liquidity; recommend actions based on findings.
• Monitor fund LPA limitations and ensure adherence to credit agreement covenants.
• Collaborate on daily basis with team members and COE team to provide guidance, training, and opportunity to enhance processes
• Lead special projects and respond to ad hoc internal requests.

Qualifications:

• Bachelor’s Degree in Accounting or Finance
• 3+ years of public accounting, private equity fund accounting, or private equity fund operations experience
• Strong technical accounting skills
• Strong analytical and organizational skills
• Detail oriented
• Work in a dynamic professional environment and handle multiple projects and deadlines
• Build relationships and communicate effectively across multiple levels, functions and regions
• Effectively work and communicate with members of the team to ensure established deadlines are being met in an efficient, accurate and thorough manner
• Desire to implement process improvement opportunities
• A self-starter who can work autonomously
• Advanced proficiency in Microsoft Office (Excel, Word and PowerPoint) 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.

Expected annual base salary range:

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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 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.