Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Vice President

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 $1.1 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 www.blackstone.com. Follow @blackstone on LinkedIn, X, 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 $325 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, Vice President

The BREDS Operations team is responsible for executing new investing and capital markets transactions across the BREDS business, as well as oversight of daily portfolio activities and cash flows. This newly-created role is focused on BREDS’ $43 billion of insurance company client capital under management (AUM), primarily commercial real estate loan investments.

Responsibilities:

• Primary finance and operational point person for BREDS insurance portfolio, partnering with investment professionals, asset management, portfolio management, and other counterparts across Blackstone to execute new client mandates and investment initiatives
• Assist the BREDS private loan operations team in developing Best-in-Class processes for data aggregation, client reporting, reconciliations, and loan level accounting on behalf of insurance capital
• Facilitate commercial real estate loan closings and other transactions with insurance clients, internal Blackstone teams, and outside service providers
• Communicate with external insurance company clients and internal client relationship teams to coordinate and prepare responses to client requests, portfolio inquiries, and other matters
• Oversee internal and external financial reporting of BREDS’ insurance portfolio across the business including operational data feeds, asset valuation handoffs, and portfolio analytics
• Ensure ongoing operational processes are operating 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 is a plus)
• 8+ years of experience in public accounting, transaction services, a private equity fund, consulting, or other relevant real estate debt roles
• Experience in the insurance or financial services industries is required
• Excellent oral and written communication skills; communicates complex topics clearly to clients and investment professionals
• Proven skill to work in a dynamic environment that requires the execution of transactions as well as projects and initiatives in support of a rapidly growing business
• A self-motivated individual with a strong work ethic and attention to detail
• Proficiency in MS Excel is required; familiarity with Anaplan, Clearwater, or other portfolio operating systems is 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:

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.