Real Estate Financial Reporting & Accounting, Associate

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. 

Business Unit Overview

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 Overview

Blackstone Digital Infrastructure Trust, Inc. (“BXDC”) is a newly launched, NYSE-listed data center investment REIT. The Associate will be a member of the BXDC Finance team and will support accounting, financial reporting, controls, close processes, and internal reporting for BXDC. This individual will work closely with senior members of the BXDC Finance team and coordinate with internal Blackstone teams and external service providers.

The role will assist with preparation and review of recurring financial deliverables, support public company reporting processes, help maintain control documentation, and contribute to ad hoc analyses and projects. The Associate should be detail-oriented, highly organized, analytical, and eager to learn in a dynamic finance environment.

Responsibilities

• Assist with monthly, quarterly, and annual close processes, including preparation and review of financial schedules, reconciliations, supporting analyses, and reporting packages.
• Support preparation of quarterly and annual financial reporting deliverables, including Form 10-Q/K support, earnings materials, board materials, and internal management reporting.
• Assist with the review and validation of investment-level results, acquisition activity, valuation activity, debt activity, capitalization activity, and corporate-level activity.
• Coordinate with portfolio companies, operating partners, fund administrators, auditors, and internal Blackstone teams to obtain, review, and summarize financial information.
• Prepare schedules and analyses supporting BXDC accounting policies, reporting processes, SOX controls, and public company operating requirements.
• Support documentation and testing of internal controls, including maintaining process narratives, control support, and audit-ready documentation.
• Assist in compiling materials and analyses for senior management, auditors, board reporting, investor-facing materials, and other stakeholder deliverables.
• Help track and analyze investment closings, capital raising activity, debt balances, subscriptions, redemptions, and other activity impacting BXDC reporting.
• Assist with technical accounting research and documentation for areas such as acquisitions, consolidations, and new accounting policies, under the supervision of senior team members.
• Partner with Blackstone finance, tax, operations, legal, investor relations, and investment teams on recurring reporting and ad hoc requests.
• Identify opportunities to improve reporting processes, templates, reconciliations, and workflow efficiency.
• Assist with ad hoc analysis and special projects as needed.

Qualifications

• BS or above in Accounting or Finance.
• 3+ years of public and/or private accounting experience.
• Experience with real estate, REITs, asset management, financial services, public companies, or SEC reporting preferred.
• Strong accounting foundation and familiarity with GAAP.
• Familiarity with financial statements, reconciliations, close processes, internal controls, and management reporting.
• Strong Excel and analytical skills.
• Strong written and verbal communication skills.
• Detail-oriented, highly organized, and proactive.
• Ability to work effectively in a team-based environment.
• Ability to manage multiple priorities and execute in a dynamic culture.
• Strong work ethic, sound judgment, and desire to learn and grow as a professional.
• Ideal candidates will demonstrate intellectual curiosity, accountability, and a commitment to producing high-quality work.

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:

$110,000 - $150,000

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.