Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn , X (Twitter) , and Instagram .
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
The Expense Team Associate will support and oversee key functions across the BXCI Expense Team, with responsibility for multiple day-to-day expense operations functions, including process improvement across travel & entertainment (T&E), software administration support, invoice allocation and system data management s. This role requires a candidate who is highly motivated, detail-oriented, and able to operate effectively in a fast-paced environment supporting a wide variety of functions.
A background in Finance, Accounting, and expense operations is strongly preferred. The successful candidate will bring experience in invoice allocation and/or T&E processes, expense policy adherence, expense reporting/status updates, and preferably software system administration, implementation and management.
Responsibilities:
Core Expense Operations & Oversight
Contribute to expense status reporting, including tracking approvals, aging, bottlenecks, and resolution plans.
Field questions regarding invoice status and provide technical guidance for related workflows.
Interact with technology teams on software maintenance and enhancements
Support the day-to-day management of T&E expense allocations and invoice allocation processes, ensuring accuracy, timeliness, and compliance with allocation procedures and firm policies.
Perform expense report reviews for adherence to policies and allocation procedures; act as an escalation point for exceptions and complex issues.
Stakeholder Management
Serve as a key point of contact for employee questions related to T&E allocations, approvals, and expense process expectations.
Train new employees on T&E allocations and invoice allocation workflows.
Systems Ownership (EAS + Concur) & Process Improvement
Provide system administration support for Expense Allocation System (EAS) and operations (queue oversight, data maintenance, user support, and issue escalation).
Oversee workflows for T&E reports and approvals, including working with the team on documentation and training materials.
Assist with technical system troubleshooting and user assistance; coordinate with internal partners to resolve recurring system/process issues.
Perform special projects to improve controls, reduce cycle times, and improve user experience.
Allocation Governance & Service Management
Allocate and provide allocation support for select expenses and ensure proper allocation and documentation.
Identify, assess, and escalate operational risks; recommend improvements and implement solutions with appropriate stakeholders.
Qualifications
3+ years of relevant experience in Finance, Accounting, expense operations, invoice allocation, T&E allocation, or related functions (asset management or…