BDC Finance Associate
Not Disclosed•Full-TimeOn-site
location_onOn-site
About Blackstone
Blackstone is the world's largest alternative asset manager, seeking to create positive economic impact and long-term value for investors, portfolio companies, and communities. With $1.1 trillion in assets under management, we leverage extraordinary people and flexible capital to help companies solve problems across a global range of investment vehicles, including private equity, real estate, infrastructure, and credit.
About Blackstone Credit & Insurance
Blackstone Credit & Insurance (BXCI) is one of the world's leading credit investors. We span the credit markets—from private investment grade and asset-based lending to public high yield and infrastructure debt—to generate attractive risk-adjusted returns. BXCI also provides investment management services for insurers, helping them better deliver for policyholders through world-class capabilities in private credit.
About the Role
The BDC Associate will be a key member of the accounting, finance, and reporting team for Blackstone Credit's Business Development Company (BDC) investment advisory business. In this role, you will support the management of BXSL (a publicly traded BDC) and BCRED (a continuously offered non-traded BDC). You will serve as a bridge between internal operations, third-party administrators, and external stakeholders, ensuring the accuracy and compliance of all financial reporting and regulatory filings.
Your day-to-day will involve coordinating workflows with third-party administrators, maintaining shadow books, and reconciling investment and P&L data between internal systems and administrator reports. You will play a critical role in the preparation of monthly and quarterly reporting deliverables, SEC filings (10-Q and 10-K), and materials for the BDC Board of Directors. Additionally, you will monitor compliance with SEC and IRS regulatory tests, oversee the valuation process of the investment portfolio, and collaborate with Investor Relations to prepare quarterly earnings releases and investor decks.
Hiring Process
To submit your application, please complete the form below. Fields marked with a red asterisk (*) must be completed to be considered for employment. Failure to provide this information may compromise the follow-up of your application. Once you have finished, click Submit at the bottom of the form.
Equal Opportunity
Blackstone is committed to providing equal employment opportunities to all employees and applicants 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, or any other class or status in accordance with applicable laws. This policy applies to all terms and conditions of employment, including hiring, promotion, compensation, and training. 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).
Work location
Work model: On-site
On-site
Key Responsibilities
- check_circleReconcile investment and P&L differences between internal systems and administrator data
- check_circlePrepare monthly and quarterly reporting deliverables for Blackstone
- check_circleMonitor compliance with SEC and IRS regulatory tests applicable to BDCs
- check_circlePrepare and review 10-Q and 10-K SEC filings
- check_circleProvide oversight of the valuation process for the investment portfolio
- check_circleRespond to external investor requests including return calculations and performance summaries
- check_circlePrepare materials for the BDC Board of Directors
- check_circlePerform research on new accounting pronouncements and their impact on financial statements
- check_circleMaintain shadow books and perform reconciliations to administrator reporting packages
- check_circleCoordinate workflow with third-party administrators and review accounting deliverables for accuracy
- check_circleLiaise with Investment, Operations, and Investor Relations teams to enhance reporting
- check_circlePrepare quarterly investor decks and earnings releases with Investor Relations
Requirements
- verifiedUndergraduate degree
- verified3+ years of professional work experience
- verifiedAlternative investment fund accounting experience required
- verifiedSecurities licenses if client facing
Nice to Have
Public or public/private accounting mix, BDC product experience (especially non-traded BDCs), credit instrument product experience, SEC reporting experience, CPA.
Benefits & Perks
check_circleComprehensive health benefits including medical, dental, vision, and FSAcheck_circlePaid time offcheck_circleLife insurancecheck_circle401(k) plancheck_circleDiscretionary bonusescheck_circleEligibility for equity and other incentive compensation
