Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $315 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).
Job Title: Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Assistant Vice President
Job Description:
The BREDS Operations team is responsible for executing new investment and capital markets transactions across the BREDS business, as well as overseeing daily portfolio activities and cash flows. This position is ideal for candidates with strong technical, organizational, and communication skills who are looking to make an impact in a dynamic and high-performing environment.
- Assist with the operations of BREDS AUM and related transactions, including the firm’s publicly listed REIT, BXMT, private fund structures, single managed accounts, and insurance vehicles.
- Act as the primary finance and operations point person for BXMT and select private funds, partnering with investment professionals, asset management, portfolio management, internal and external counsel, and BREDS Finance teams to execute investment transactions and financing strategies.
- Support ongoing strategic initiatives and projects to scale finance infrastructure and facilitate the continued growth of the BREDS business.
- Supervise and support the BREDS dedicated portfolio company servicing and onboarding team, as well as the offshore operations team, and provide training to junior members as needed.
- Coordinate investment funding activities with the BREDS Asset Management team, including treasury, debt financing, and foreign currency considerations.
- Manage the operations of credit facilities across multiple BREDS vehicles, including processing future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations.
- Liaise with BREDS asset managers and the servicing and onboarding team through various loan lifecycle events, including modifications, extensions, workouts, and repayments.
- Review monthly and quarterly investment portfolio analytics and prepare reporting and insights for senior management.
- Ensure ongoing operational processes function effectively pursuant to standard operating procedures, including technology stack and broader reporting processes.
Qualifications:
- Bachelor’s degree in Finance, Accounting, or a similar discipline (CFA and/or CPA designation is a plus).
- 6+ years of relevant experience in transaction services, private equity funds, consulting, public accounting, or other relevant real estate debt roles.
- Experience working in a dynamic environment requiring the execution of transactions as well as cross-functional projects and strategic initiatives in support of a rapidly growing business.
- Self-motivated with a strong work ethic and exceptional attention to detail.
- Excellent oral and written communication skills with the ability to communicate complex topics clearly to clients and investment professionals.
- Strong technology skills with a proactive and innovative mindset.
- Proficiency in Microsoft Excel.
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:
$135,000 - $200,000
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 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.
