BAAM - Finance Valuations, Financial Associate/AVP

  • The Blackstone Group
  • New York City, NY, USA
  • 25 Apr, 2018
Experienced Hires Accounting & Finance Advisory Debt / Fixed Income Derivatives Research / Reporting

Job Description

BAAM – Valuations Finance, Financial Associate/AVP

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 $430 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 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 $75 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 Title: Financial Associate/AVP

Job Description: This position will be in a high visibility role maintaining and overseeing the valuation process for BAAM’s direct trading funds, registered products and minority interest private equity fund

Responsibilities Include

    • Overseeing the preparation, review and presentation of materials for the Valuation Committee and Fund Board of Trustees
    • Coordinating and managing deliverables for multiple Valuation Committees
    • Adhering to best practices in development of valuation methodologies and enhancing existing valuation reporting processes and procedures
    • Overseeing the daily and monthly valuation process by working with the investment teams, fund accounting team, third party administrator, shadow books and records service provider and third party independent valuation specialists
    • Closely liaising with the investment teams to develop, maintain and analyze private valuation materials including discounted cash flow (DCF, performance multiple (PM) and other valuation models)
    • Compiling documentation to support valuation methodology and underlying model assumptions in addition to managing audit valuation testing and 3rd party valuation reviews
    • Liaising with pricing vendors and brokers/dealers as necessary
    • Performing price verification procedures between shadow accounting books and records service provider and independent administrator
    • Participating in new fund launches and related onboarding to understand new financial instruments/products that will be held and determine appropriate valuation sources
    • Staying up to date on current market developments and industry best practices
    • Conducting research and analysis on complex security pricing issues and market events
    • Assist in enhancing the group’s reporting processes, procedures and analytics


    • Bachelor’s Degree in Finance, Economics, Accounting or a quantitative discipline (preferred), or 4 to 8 years of experience in a financial role, and a strong GPA
    • Valuation experience and strong modeling skills preferred
    • Strong knowledge of private investment valuation methodologies
    • Strong product knowledge of various financial instruments across fixed income, structured products and derivatives
    • Ability to communicate effectively both orally and in writing
    • Ability to adapt to new challenges in a dynamic and fast paced environment while handling multiple projects
    • Keen attention to details
    • Ability to prioritize deliverables and meet demanding deadlines
    • Ability to display confidence when discussing valuations
    • Ability to work well within a team oriented environment or individually
    • Strong analytical skills
    • Proficiency in excel and power point is required
    • CPA and/or CFA preferred

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.