Blackstone Real Estate Income Trust - New York, United States - Blackstone Group

Blackstone Group

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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 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

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Job Title:
Blackstone Real Estate Income Trust (BREIT) - Finance - Vice President

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 $337 billion in investor capital under management. Further information is

available at

In this role, the Vice President will be focused on accounting policy for BREIT and its affiliated portfolio companies with a focus on new transactions, policy implementation, and strategical analysis on how accounting decisions impact critical performance metrics and disclosures.

Key Responsibilities:

Determine proper accounting treatment of unique and complex transactions, in partnership with investment professionals and senior BREIT finance leaders
Ensure the accounting policies of portfolio companies align with BREIT's policies
Partner with others in BREIT Finance to ensure new transactions are appropriately disclosed in BREIT's 10Ks and 10Qs
Work directly with the management of portfolio companies and senior BREIT leadership to ensure the financial results of new acquisitions are appropriately recorded in BREIT's financial statements
Monitor new accounting pronouncements and industry trends to proactively analyze impact on financial results and external reporting
Coordinate with internal and external auditors
Managing and mentoring junior staff

Qualifications:

BS (or above) in Accounting or Finance and 10+ years of public/private accounting experience
CPA is required
Experience with public companies and historicalcost accounting is required, experience with REITs is preferred, accounting with derivatives and debt investments is a plus
Strong written and verbal communication skills
Ability to work effectively in a dynamic culture
Detail oriented and possess strong work ethic; ability to multitask and execute a wide range of assignments; strong time management skills

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:
$175,000 - $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.

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.