Luxembourg Job Openings

Blackstone Group

International Finance, Valuation Associate, Luxembourg

FULL TIME

August 22, 2024

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 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

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Company Overview

Blackstone Europe Fund Management S.à r.l. (BEFM) is a private limited liability company (société à responsibilité limitée) notably subject to the Law of 10 August 1915 on commercial companies, as amended from time to time and to the AIFM Law. BEFM is authorized by the Commission de Surveillance du Secteur Financier (CSSF) as (i) a management company under Article 101(2) (Chapter 15) of the Law of 17 December 2010 on undertakings for collective investment, as amended (the UCI Law) and (ii) an alternative investment fund manager in accordance with the Law of 12 July 2013 on alternative investment fund managers, as amended (the AIFM Law).

BEFM manages UCITS and alternative investment funds (AIFs) in a variety of asset classes including private equity, real estate, credit and hedge fund solutions. BEFM is also authorized to manage separately managed accounts (SMAs) with a combination of these asset classes.

Job Responsibilities

We are currently looking to hire an Associate for the BEFM Valuation team (BEFM Valuation), which is primarily responsible for the valuation of investments and the review of the NAV of the funds under BEFM management.

The role will be a key part of the International Finance team in Luxembourg and will report to the Luxembourg heads of Valuation team. It is part of a small team and therefore is a hands-on role. Working closely with the other Finance teams globally, he/she will be responsible for the following areas, with an expertise focused on some fund strategies.

Valuation review (34%)

Reviewing the investment committee memo in the context of the first-time valuation
Reviewing the third-party valuation reports
Reviewing the internal valuation material
Produce investment valuation analysis at fund level and presentations to BEFM’s management team
Lead discussions with Blackstone valuation teams
Execute ad hoc projects and generate monthly and quarterly reporting for management team and Boards
Assist in the Due Diligence of valuation teams

Financial reporting (33%)

Reviewing the NAV and producing a NAV analytical review for management
Reconciling investments portfolio with NAV
Updating Finance database with key indicators at NAV frequency

Governance and reporting to senior management (33%)

Participating to the new fund onboardings in the context of valuation and NAV matters
Proposing improvements of the valuations and NAV processes, enhancement of procedures and processes as well as the use of offshore resources and technology
Maintain and develop a strong collaboration with other teams
- Manage responsibilities and tasks assigned to the offshore consultants
- BEFM and Global Finance and Asset Management – develop collaboration with the US, APAC and EMEA teams to solve problems, achieve results and develop best practices
Preparing management information for the Management Committee meetings and BEFM & Fund Board Meetings
Other general administrative tasks.

Qualifications & Skills

Blackstone seeks to hire individuals who work well in a team, are highly motivated, with a sound judgment and have demonstrated excellence in prior endeavors.

Master’s Degree in Finance, Economics, Accounting or similar discipline (CFA or CAIA a plus)
+4 years of relevant financial services industry experience (including a prior experience in a Big 4 as a consultant or an auditor) with good understanding of alternative industry operations.
Strong technical accounting skills, IFRS knowledge required
Familiarity with a wide range of valuation approaches (e.g. Income, Market)
Knowledge of the local regulatory requirements in relation to AIFM (e.g., circ. CSSF 18/698) and Luxembourg Funds (e.g., UCITS, UCI Part II (FCP, SICAV), SCSp, RAIF).
Proficiency in MS Excel and MS Power Point required (ability to produce creative, compelling, detailed reporting materials). Strong appetite to use of technology.
Analytical skills, intellectual curiosity and attention to detail
Team player with resourceful mindset and efficiency-driven
Fluent in English, both written and oral.
Superior communication skills, both written and verbal, with the ability to communicate with stakeholders at all levels.
Highly motivated individual with the ability to work on own initiative and manage competing priorities to tight reporting deadlines.
Highly organized, great attention to details and accountability for delivery.
Proactive and able to suggest new efficient solutions.

All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

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.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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.

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