BAAM Finance - Assistant Vice President/Vice President - Management Reporting

  • The Blackstone Group
  • New York City, NY, United States
  • 22 Jan, 2018
Experienced Hires Operations Research / Reporting

Job Description

Blackstone Alternative Asset Management Finance –Management Reporting – Assistant Vice President Vice President

Employer

Blackstone

Firm Overview

Blackstone is one of the world’s leading investment firms. 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 asset management businesses, with over $385 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

Business Unit

BAAM

Business Unit Description

Blackstone Alternative Asset Management (BAAM®), Blackstone’s Hedge Fund Solutions platform, is the world’s largest discretionary investor in hedge funds, with approximately $74 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a long-only solutions business, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established hedge funds. In all of BAAM’s business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

Job Description

The Management Reporting Team is dedicated to analyzing and presenting information that assists Senior Management in executing day-to-day operations and developing a long term strategy for BAAM. This includes daily, weekly, monthly, and quarterly reporting to both BAAM and Blackstone Senior Management as well as public company reporting requirements. The information that is analyzed and reported includes, among other things, revenues, AUM, investor inflows/outflows, loss carry forwards, and returns. This individual will play a significant role in operational transformation for the team, including outsourcing decisions, technology solutions and re-envisioning processes for the future..

Responsibilities

    • Developing and delivering forecasting, budgeting, and financial analysis reports to drive optimization of business decision-making and planning
    • Analyzing and presenting key financial data and relevant information to Senior Management to drive business performance and strategy
    • Coordinating the collection and analysis of key metrics across multiple internal teams and external resources
    • Implementing new processes/systems creating operational efficiencies and reporting enhancements
    • Preparation and financial knowledge related to SEC reporting (10-Q and 10-K)
    • Ongoing analysis and development of financial reporting for new products, industry trends and key quantifiers that assist Senior Management in determining profitability of products
    • Conducting financial modeling and sensitivity analysis
    • Performing in-depth reviews of the firm level expenses and identifying ways to improve operating efficiencies
    • Supporting long- and short-term management strategy and plan
    • Training, managing and mentoring junior team members

Qualifications

Candidates should have 8 to 12 years of industry experience. Candidates should exhibit strong technical, analytical and leadership skills as well as exceptional communication skills. Candidates should be energetic, self-motivated, team-oriented individuals with fresh ideas and innovative solutions who thrive on challenge in a fast-paced, dynamic environment. The comparatively small size of this group offers an opportunity to liaise with various teams across the BAAM platform.

    • Strong leader with solid business judgment
    • Strong technical and analytical skills
    • Strong verbal and written communication skills
    • Strong presentation skills
    • Ability to manage tight timelines and prioritize diverse tasks
    • Ability to motivate team members to produce quality materials within tight timeframes and simultaneously manage several projects
    • Proven ability to perform under pressure and to adjust plans to meet changing needs and requirements
    • Ability to partner across teams, summarize issues, develop recommendations, and make decisions
    • Ability to be proactive and take initiative
    • Self-motivated and a self-starter
    • Energetic and enthusiastic
    • Highly proficient in Excel and Power Point
    • Hedge Fund experience preferred but not required
    • MBA, C.P.A. or C.F.A. preferred but not required

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.