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Operations Associate - Blackstone Real Estate Debt Strategies (BREDS)

at The Blackstone Group LP - New York City, New York 27 Days Open



Type of Business:

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com.

Job Title:

Blackstone Real Estate Debt Strategies (BREDS) – Operations Associate

Job Description:








Primary responsibilities will involve maintaining the portfolio accounting system and enhancing internal/external reporting. Tasks will include:

  • Oversee the daily and monthly cash and position reconciliations process for the portfolio accounting system; investigate and resolve discrepancies with counterparties/brokers/administrators

  • Process interest and principal payments and factor updates for various products in the portfolio; ensure entries are properly recorded in portfolio accounting system

  • Verify daily pricing of all positions across the portfolio in the portfolio accounting system

  • Responsible for trade settlement and confirmation process with trading counterparties.

  • Process and reconcile margin calls (i.e., variation and initial margin) for OTC derivatives and repos

  • Actively monitor and analyze the portfolio for capabilities and accuracy

  • Liaise with the Investment team and work with Technology and the Finance group to develop new reports and tools used to enhance internal and investor reporting

  • Coordinate set up and onboarding of new funds



·    4-6 years buy side operational experience including transaction processing 

  • VPM (Visual Portfolio Manager) Portfolio Accounting,  Bloomberg & Reporting system experience preferred

  • Prior experience with fixed income, FX, derivatives, repurchase financing a plus

  • Advanced Excel skills required

  • Excellent communication skills (written and verbal)

  • Ability to work in a dynamic, fast-paced environment while prioritizing deliverables and meeting demanding deadlines

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

Posted 12/27/2016

  • Full Time position
  • Compensation will be Market Rate

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