Expense Team Intern In Hedge Fund Solutions
Expense Team Intern in Hedge Fund Solutions Job Description: Blackstone is one of the worlds 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 $457 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. Blackstone Alternative Asset Management (BAAM®), Blackstones Hedge Fund Solutions platform, is the worlds largest discretionary investor in hedge funds, with approximately $80.0 billion in assets under management as of September 30, 2018. BAAM aims to provide its clients with investment solutions via various different means, including customized and commingled portfolios, special situations, seeding, GP ownership, and registered products. Our investors include many of the worlds leading institutional investors, including corporate, public and union pension funds, sovereign wealth funds and central banks. BAAMs overall investment philosophy is to protect and grow investors assets through both commingled and custom-tailored investment strategies designed to deliver compelling risk-adjusted returns and mitigate risk. Job Description The Expense Team is responsible for the allocation, processing, tracking, and reporting of all fund related expenses. We are looking for a recent college graduate with a background in Accounting or Finance who will assist the team in the responsibilities mentioned below, averaging about 55 hours/week for six months. 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 team offers interns an opportunity to liaise with various teams across the BAAM platform. Responsibilities * Expense allocation, payment and repayment assistance * Management of invoice process in Coupa * Training and review of offshore team on Expense Team responsibilities * Reporting on invoice metrics, asset bases, fees, firm expenses, and other ad hoc requests * Active communication with both external vendors and internal teams, including accounting, compliance, middle office, treasury, financial reporting, management reporting and regulatory reporting teams * Analyze and communicate to management a summary of each of the items listed above Qualifications * College degree required (with accounting concentration preferred) * Strong leader with solid business judgment * Strong technical and analytical skills * Strong verbal and written communication skills * Ability to summarize issues, develop recommendations and make decisions * Ability to be proactive and take initiative * Self motivated and a self starter * Energetic and enthusiastic * Strong computer and spreadsheet skills 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). The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law. To submit your application please complete the form below. Fields marked with a red asterisk * are required in order to enter into a possible employment contract (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.