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Address
345 Park Avenue,
New York, NY 10154
1 (212) 583-5000
Data & Resources
Type:Privately Held
Employees: 1,340
AUM 2009:94,560 million
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Posted Private | Premium Member
Vice President – Private Equity Accounting
Company:The Blackstone Group
Location:New York, NY
Date:May 22, 2013
Job Description:
This role reports to the Head of Fund Administration in the Private Equity Finance & Accounting (PE F&A) Group and will frequently interface with other senior members in the firm.
Responsibilities include:

Responsible for issuance of investor capital calls and distributions.
Responsible for quarterly investor capital statements. 
Responsible for the preparation of deadline driven quarterly reporting process, including (a) reviewing work papers, partner allocations, and financial statements for accuracy and completeness; (b) coordinating with other department groups to ensure all deliverables met on time.
Responsible for the preparation of year-end audited financial statements, including (a) reviewing work papers, partner allocations, and financial statements for accuracy and completeness; (b) heavy interaction with auditors throughout the year.
Manage a staff of 2 to 3 accountants (Staff through Manager level)
Liaise with Tax Senior Vice-President to assist with preparation/review of partner allocations for quarterly tax estimates, withholding calculations, and year-end K-1s.
Liaise across the firm’s finance group in providing necessary management reporting and analysis.
Respond in a timely manner to investor queries
Participate in special projects as required, including new system and process implementation.
Qualifications:
This is a working supervisor role
12+ years of professional experience (preferably with 4 years of relevant experience in private equity and public accounting background).
Motivated individual with the proven ability to work in a fast paced environment and handle multiple projects at one time while meeting demanding deadlines
Previous experience managing a small group of professional staff
BS or BA, or MS degree in Accounting. CPA is a definite plus
Thorough knowledge of principals of private equity partnership accounting, including complex carried interest allocations and hurdles, partner allocations, and management reporting.
Detail oriented with the ability to continually monitor processes and procedures to optimize effectiveness of group
Ability to effectively communicate both orally and in writing
Basic understanding or exposure to various partnership tax aspects.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex or national origin.
Fincyclopedia | Finbox's Glossary of Financial Terms
Private Equity Definition:
Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity. Capital for private equity is raised from retail and institutional investors, and can be used to fund new technologies, expand working capital within an owned company, make acquisitions, or to strengthen a balance sheet. The majority of private equity consists of institutional investors and accredited investors who can commit large sums of money for long periods of time. Private equity investments often demand long holding periods to allow for a turnaround of a distressed company or a liquidity event such as an IPO or sale to a public company.
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Fincyclopedia | Finbox's Glossary of Financial Terms
Accounting Definition:
To provide a record such as funds paid or received for a person or business. Accounting summarizes and submits this information in reports and statements. The reports are intended both for the firm itself and for outside parties.
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