Real Estate - Portfolio Management (Valuations), Associate
Role Overview
This professional will be responsible for strategic support of the valuations effort and its related functions globally across Blackstone’s opportunistic and core+ strategies.
The Associate will play a key role in Blackstone Real Estate’s valuations effort.
This will involve a) coordination of the execution and outcomes of U.S. valuations, b) consolidation and analysis of global valuations outcomes, and c) execution of summary valuation-related materials and analysis.
The role will involve partnership in coordinating key internal and external processes, consolidating and analyzing outcomes and metrics as well as delivering supporting documentation and materials to internal and external stakeholders.
This professional will work closely with members asset management, finance, fund-specific and portfolio company teams to execute and enhance the overall valuation process and deliverables globally.
Full Job Posting
Responsibilities:
- Product and Investment Knowledge: Become proficient in Blackstone Real Estate’s global funds and investments, with particular focus on valuation practices.
- Valuation Outcomes and Assumptions: Work collaboratively across teams and vehicles to analyze and present valuation outcomes produced from a discounted cash flow approach by property, investment, market and/or sector, globally, to drive thematic monthly or quarterly valuation results.
- Valuations Process: Partner with asset management, finance and portfolio companies to coordinate and deliver monthly and / or quarterly internal valuations. Assist with the proper closure of key third-party processes, including appraisal, independent valuation advisor and audit.
- Internal Reporting: Oversee and execute quarterly valuation materials and supporting analysis to present results, requiring the aggregation and synthesis of large sets of data both internally and externally.
- Special Projects: Support global special projects relating to valuation strategies and process, new products, appraisals and third-party service providers.
Qualifications:
- Blackstone seeks to hire individuals who are highly motivated, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:
- 2+ years; Strong technical background in valuations-related role (preferably in execution of DCF valuations)
- Experience executing files and presentations in fast moving and dynamic environment
- Inquisitive /critical thinker
- Collaborative approach, with confidence engaging directly with Asset Management and other stakeholders on behalf of the Valuations team to drive outcomes
- Strong organizational skills, with sound judgment in managing competing priorities
- Can take notes and distill to senior leaders in crisp and clear format
- Team player, excellent interpersonal skill
- 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:
- $125,000 - $160,000
- 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, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables. Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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.
- 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
- 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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