2023 Blackstone Global Fund Finance Summer Analyst
Description
Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. The Program offers Summer Analyst's various technical and soft skill training opportunities, the ability to network with professionals across all business units, and a chance to fully immerse themselves in the Blackstone culture.
The Global Fund Finance Summer Analyst Program seeks to offer a challenging experience to individuals currently pursuing a Bachelor’s or Master’s Degree in Accounting, who are interested in careers in alternative asset investment fund finance and accounting. The Summer Analyst program offers a hands-on experience across several Global Fund Finance teams, where Summer Analysts will have direct exposure to senior-level management, engaging mentors, development opportunities and targeted training to help develop and sharpen technical, analytical and communication skills. Summer Analysts are expected to aspire becoming a licensed Certified Public Accountants (CPA) upon graduation.Summer Analystts will support a specific business line which will include the following:
- Private Equity
- Tactical Opportunities
- Strategic Partners
- Credit
- Real Estate
- Hedge Fund Solutions
The Global Fund Finance group is responsible for the fund accounting, investor reporting and performance reporting for the investment funds offered by Blackstone. The group also provides support to the front office professionals, addressing a variety of investor relations matters, and works with business development on new funds and products. Additionally, the team supports Blackstone’s internal marketing group and primarily deals with statistical and performance related data.
Responsibilities
- Preparing accounting records
- Assisting with reviewing daily cash and investment activity
- Monitoring and reporting on credit facility activity
- Preparing capital drawdowns
- Preparing distributions
- Reviewing waterfall calculations
- Preparing management fee calculations and billing statements
- Preparing quarterly and audited annual reports, including financial footnotes
- Assisting in reviewing quarterly capital account statements
- Working with technology teams to improve system functionality and validate enhancements
- Liaising with investors
- Assisting in onboarding of new funds
- Working with internal valuation teams to ensure data completeness
- Working with the tax compliance team to ensure accurate investor reporting.
- Reviewing fund external compliance deliverables, such as Form PF and AIFMD
- Assisting with special projects and internal ad hoc requests
Requirements
Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:
- Actively pursuing a Bachelor’s or Master’s Degree in Accounting
- Strong academic record
- Proficiency in Microsoft Excel
- Strong quantitative skills
- Self-starter, highly organized, and detail-oriented
- Ability to be a collaborative team player
- Ability to adapt to new challenges in a dynamic and fast paced environment while handling multiple projects
- Possesses a strong work ethic, personal and professional integrity, a positive attitude, and passion for excellence
- Strong interpersonal and communication skills, both written and verbal
To be considered for the 2023 Global Fund Finance Summer Analyst Program, applicants must meet the following criteria:
- Actively pursuing a Bachelor’s or Master’s Degree in Accounting
- Anticipated graduation date: Fall 2023 through Spring 2024
- Resume must include expected graduation month/year and GPA
- Resume must be in PDF format
