Real Estate - Portfolio Management, Data Strategy and Analytics, Associate

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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Business Unit:  Blackstone Real Estate
 

Business Unit Overview: Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $336 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).
 

Role: Real Estate - Portfolio Management, Data Strategy and Analytics

Level: Associate

Job Description & Responsibilities:

This professional will join Blackstone Real Estate’s Portfolio Management team in New York to successfully deliver on critical portfolio management projects related to reporting, data analytics and technology re-engineering with the goal of driving operational efficiencies. The scope of the role includes projects across all real estate strategies (opportunistic and core+) and teams to successfully automate business processes and calculation models using modern technology & languages, such as iLevel, Python, Snowflake, Power BI and Anaplan. Due to the relatively small size of the professional staff, this professional will have the opportunity to assume an integral role on the team.  Specific responsibilities will include:

• Working with large, complex data sets to deliver timely and accurate reporting materials to support and facilitate oversight of the global real estate portfolio
• Coordinating and executing on quarterly, monthly and ad-hoc tasks and workstreams; developing and maintaining project timelines and management updates
• Acting as a regional liaison between the portfolio management, technology and finance teams participating in and contributing to shared regional and global projects
• Automating and streamlining processes, identifying opportunities for process improvements as well as documenting business requirements for reporting
• Interacting with internal stakeholders to coordinate and synthesize data and analytics from across the global real estate portfolio
• Executing data migration, reconciling, and validating migrated data and reports
• Designing, building and implementing the most efficient solution based on the business requirements gathered
• Identifying opportunities for process efficiency improvements
• Driving and coordinating user testing activities and providing training to end users
• Training, coordinating and working directly with offshore teams
• Acting as a system “super user” helping others to leverage systems more effectively and establishing best practices
• Consulting with Blackstone’s portfolio companies to identify synergies and advise on process improvement initiatives

Qualifications:

Blackstone seeks to hire individuals who excel in a team-based environment, and are highly motivated and with excellent judgment. In addition to strong analytical, technical and project management skills, the successful candidate must have: 

• Degree in Accounting, Finance, Information Systems, Mathematics, or related fields
• 3+ years of relevant professional experience in business process automation, business analysis, project management and / or business modeling functions; real estate or private equity experience is strongly preferred
• Working knowledge of:
  • Portfolio reporting systems (i.e., iLevel)
  • Property management systems (i.e., Argus Enterprise, Yardi)
  • Debt management systems (i.e., Chatham Financial)
  • Financial reporting and analysis tools (i.e., Anaplan)
  • Data visualization and BI tools (i.e., Tableau, Power BI, etc.)
• Strong analytical, problem solving, critical thinking and decision-making skills, with the ability to multitask and deliver under tight deadlines; the candidate should be a self-starter that thrives on complexity and solution finding
• Intermediate programming skills and experience preferred (i.e., Python, SQL or VBA) and willingness to learn expected
• Strong Microsoft Office skills (Excel and PowerPoint specifically); the candidate is expected to have experience building and working with large volumes of data (Pivots, V- Lookups, nested statements, etc.)
• The ability to effectively work as an individual contributor and possess strong analytical, problem solving, critical thinking and decision-making skills
• Experience building and working with large data validation files (Pivots, V-Lookups) as well as experience building macros
• A demonstrated ability to write and communicate effectively and summarize large amounts of information succinctly
• A desire to work in an international team environment, often under competing deadlines and with multiple stakeholders
• A high level of attention to detail, resourcefulness and ability to work autonomously
• The highest degree of professional integrity, motivation, and intellectual curiosity

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:

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.

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.