Private Equity Valuations - 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.

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Job Title:
Portfolio Management - Private Equity Valuations & Analytics, AVP

Job Description:

Blackstone's Portfolio Management - Portfolio Valuations and Analytics team is looking for an AVP to support the Private Equity ("PE") group.

The core focus of the group is to prepare, evaluate, analyze, and summarize portfolio investment valuation results for PE.

In addition to valuations, the team is called upon to handle a variety of ad hoc and recurring analyses related to portfolio monitoring and reporting.

Assist in daytoday management of the team including, but not limited to, deliverable tracking, model development, valuation model reviews, presentation to senior leaders, and completion of adhoc deliverables
Lead the completion of valuation models in line with Blackstone's valuation policy as well as requisite external guidance
Drive the onboarding process for new portfolio investments and ensure proper data collection procedures are in place
Manage the annual audit as well as interim reviews with third party valuation firms
Drive enhancements and improvements to the group's valuations and reporting processes, procedures, offshore resources, and use of technology
Manage the creation and development of presentation materials to effectively communicate results within PE and wider Blackstone
Assist in the presentation of valuation results to various internal committees, external auditors, and limited partners
Assist in the ongoing training and development of analysts and associates
Work closely with PE Management Reporting to provide inputs as well as other portfolio investment information to aid in the completion of planning deliverables
Maintain relationships with core constituencies including, deal professionals, Institutional Client Services, Portfolio Operations, Accounting, Operations and Finance teams
This is designed to be a role involving mentorship with trajectory toward greater managerial responsibilities based on performance

Qualifications:

Bachelor's Degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus)
5+ years of experience in valuations, transaction services, a private equity fund, consulting, or other relevant analytical roles
Proven ability to work in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a rapidly growing business
Thorough understanding of ASC 820 and corresponding valuation guidance. Familiarity with a wide range of valuation approaches (e.g. Income, Market, Yield Analysis, OPM, Contingent Claims, PWERM etc.)
Strong interpersonal skills, high EQ, and the ability to confidently and competently handle interactions with deal professionals, Asset Management, and portfolio company representatives
A selfmotivated individual with strong work ethic and attention to detail
Excellent oral and written communication skills. Confidence presenting to large groups of senior leaders (e.g. Firmwide Valuation Committee, Board of Directors)
Proficiency in MS Excel and MS PowerPoint is required
Proficiency in iLevel a plus
Experience managing a team of at least 3 individuals a plus

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:
$125,000 - $180,000

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: