Private Equity Strategies - Valuations & Analytics, Vice President
CFA Institute, Hoboken, NJ, United States
Overview
Blackstone is the world's largest alternative asset manager. 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 $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
Job Title: Private Equity Strategies - Valuations & Analytics, VP
Job Description: Blackstone's Portfolio Management - Valuations and Analytics team is looking for a VP to support Blackstone Private Equity Strategies. The core focus of the group is to prepare, evaluate, analyze, and summarize portfolio investment valuation results. In addition to valuations, the team handles a variety of ad hoc and recurring analyses related to portfolio monitoring and reporting.
Responsibilities
Assist in day-to-day management of the team including, but not limited to, deliverable tracking, model development, valuation model reviews, presentation to senior leaders, and completion of ad-hoc deliverables
Lead the completion of valuation models in line with Blackstone's valuation policy as well as requisite external guidance
Drive the onboarding process for new portfolio investments and ensure proper data collection procedures are in place
Manage the annual audit as well as interim reviews with third party valuation firms
Lead enhancements and improvements to the group's valuations and reporting processes, procedures, offshore resources, and use of technology
Manage the creation and development of presentation materials to effectively communicate results within the Private Equity Strategies group and wider Blackstone
Lead presentation of valuation results to various internal committees, external auditors, and limited partners
Assist in the on-going training and mentorship of analysts and associates
Work closely with Private Equity Management Reporting to provide inputs as well as other portfolio investment information to aid in the completion of planning deliverables
Maintain relationships with core constituencies including, deal professionals, Fund COO/CAO, Institutional Client Services, Operating Team, Accounting, Operations and Finance teams
This is designed to be a role involving mentorship with a potential trajectory toward greater managerial responsibilities based on performance
Qualifications
Bachelor's Degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus)
8+ years of experience in valuations, transaction services, a private equity fund, consulting, or other relevant analytical roles
Experience working in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a rapidly growing business
Thorough understanding of ASC 820 and corresponding valuation guidance. Familiarity with a wide range of valuation approaches (e.g. Income, Market, Yield Analysis, OPM, Contingent Claims, PWERM etc.)
Strong interpersonal skills, high EQ; confidently and competently handles interactions with deal professionals, Asset Management, and portfolio company representatives
A highly motivated individual with strong work ethic and attention to detail
Excellent oral and written communication skills
Confidence presenting to large groups of senior leaders (e.g. Firmwide Valuation Committee, Board of Directors)
Proficiency in MS Excel and MS PowerPoint is required
Experience managing a team is a plus
Compensation and Benefits
Expected annual base salary range: $150,000 - $250,000. 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, salary bands follow local market practices.
Additional compensation and benefits offered in connection with the role include comprehensive health benefits (medical, dental, vision, FSA), paid time off, life insurance, 401(k) plan, and discretionary bonuses. Certain employees may be eligible for equity and other incentive compensation at Blackstone's sole discretion.
Equal Opportunity and Accommodation
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, veteran or military status, or any other protected status in accordance with applicable laws. Reasonable accommodations are available upon request.
If you need a reasonable accommodation to complete your application, please contact Human Resources at the numbers provided in official channels.
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Blackstone is the world's largest alternative asset manager. 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 $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
Job Title: Private Equity Strategies - Valuations & Analytics, VP
Job Description: Blackstone's Portfolio Management - Valuations and Analytics team is looking for a VP to support Blackstone Private Equity Strategies. The core focus of the group is to prepare, evaluate, analyze, and summarize portfolio investment valuation results. In addition to valuations, the team handles a variety of ad hoc and recurring analyses related to portfolio monitoring and reporting.
Responsibilities
Assist in day-to-day management of the team including, but not limited to, deliverable tracking, model development, valuation model reviews, presentation to senior leaders, and completion of ad-hoc deliverables
Lead the completion of valuation models in line with Blackstone's valuation policy as well as requisite external guidance
Drive the onboarding process for new portfolio investments and ensure proper data collection procedures are in place
Manage the annual audit as well as interim reviews with third party valuation firms
Lead enhancements and improvements to the group's valuations and reporting processes, procedures, offshore resources, and use of technology
Manage the creation and development of presentation materials to effectively communicate results within the Private Equity Strategies group and wider Blackstone
Lead presentation of valuation results to various internal committees, external auditors, and limited partners
Assist in the on-going training and mentorship of analysts and associates
Work closely with Private Equity Management Reporting to provide inputs as well as other portfolio investment information to aid in the completion of planning deliverables
Maintain relationships with core constituencies including, deal professionals, Fund COO/CAO, Institutional Client Services, Operating Team, Accounting, Operations and Finance teams
This is designed to be a role involving mentorship with a potential trajectory toward greater managerial responsibilities based on performance
Qualifications
Bachelor's Degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus)
8+ years of experience in valuations, transaction services, a private equity fund, consulting, or other relevant analytical roles
Experience working in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a rapidly growing business
Thorough understanding of ASC 820 and corresponding valuation guidance. Familiarity with a wide range of valuation approaches (e.g. Income, Market, Yield Analysis, OPM, Contingent Claims, PWERM etc.)
Strong interpersonal skills, high EQ; confidently and competently handles interactions with deal professionals, Asset Management, and portfolio company representatives
A highly motivated individual with strong work ethic and attention to detail
Excellent oral and written communication skills
Confidence presenting to large groups of senior leaders (e.g. Firmwide Valuation Committee, Board of Directors)
Proficiency in MS Excel and MS PowerPoint is required
Experience managing a team is a plus
Compensation and Benefits
Expected annual base salary range: $150,000 - $250,000. 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, salary bands follow local market practices.
Additional compensation and benefits offered in connection with the role include comprehensive health benefits (medical, dental, vision, FSA), paid time off, life insurance, 401(k) plan, and discretionary bonuses. Certain employees may be eligible for equity and other incentive compensation at Blackstone's sole discretion.
Equal Opportunity and Accommodation
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, veteran or military status, or any other protected status in accordance with applicable laws. Reasonable accommodations are available upon request.
If you need a reasonable accommodation to complete your application, please contact Human Resources at the numbers provided in official channels.
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