Blackstone Credit & Insurance - Capital Formation, 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.
 

Blackstone Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the 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. 

Job Title:

Capital Formation, Associate

Blackstone Credit & Insurance (BXCI) is seeking to add an Associate to its Capital Formation team within the Office of the Chief Investment Officer (OCIO). The Capital Formation team is primarily responsible for (i) structuring financing solutions on behalf of BXCI’s funds (ii) conducting and executing debt and equity capital market transactions (iii) working closely with portfolio managers for ongoing review and monitoring of financings and managing fund capital structures (iv) liaising with key external stakeholders, such as banks, insurance companies, and other large institutional investors on debt opportunities and strategic initiatives (v) collaborating closely across other functions within OCIO and the broader BXCI platform and (vi) preparing models, analysis, updates and presentations regarding the aforementioned topics. The associate will work closely with all OCIO functions, investment teams as well as across the broader platform and senior management to execute on these responsibilities. The associate can expect to work on numerous initiatives at a time given the breadth of responsibilities of the team. 

Job Description:        

Provide support to the Capital Formation team with respect to capital markets and financing activities.  Responsibilities will include the following:

• Work closely with the portfolio management teams and structuring / banking teams to build efficient financing structures and portfolios

• Interface with capital raising and distribution partners, investors, portfolio managers, external and in-house counsel, risk, middle office / operations, custodians

• Prepare financing proposals for prospective investors and presentations and / or responses to questions from existing investors

• Ongoing risk management and analysis of financing and capital structures for BXCI’s funds

• Manage data analysis and rating agency interactions to manage asset ratings for the benefit of financing vehicles

• Preparation of materials and market updates for debt investors, banks, fund boards and asset liability committee

Qualifications:                      

Blackstone seeks to hire individuals who are highly motivated, have sound judgement, are intelligent and have demonstrated excellence in prior endeavors.  In addition to strong analytical skills, the successful candidate should meet the following qualifications:

• Undergraduate degree

• 2+ years of experience, ideally within management / strategy consulting, capital markets, or advisory related services.  Experience and familiarity with structuring and credit investing / leveraged finance markets is a plus

• Strong financial analysis, data management and presentation skills

• A high degree of proficiency in PowerPoint and Excel

• Detail-oriented, focused, keen attention to detail

• Critical thinking skills, including identifying trends and insights from raw data sets

• High degree of motivation and works well independently

• Ability to manage multiple tasks, deadlines and responsibilities

• Strong interpersonal skills to work cross-functionally and manage both internal and external business relationships

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.