Blackstone Credit & Insurance - Liquid Credit Strategies, Business Management 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- Liquid Credit Strategies (“LCS”) – Business Management, Associate

Business Unit:

Blackstone Credit & Insurance

Business Unit Description:

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:

Associate

Job Description:              

The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of (fixed income) debt investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Exchange Traded Funds and Closed End Funds. LCS also invests in the debt and equity tranches of CLOs.

The Business Management Associate will help prepare recurring business updates to senior leadership relating to items such as performance, AUM, fundraising targets and key success metrics.  The Business Management Associate will also help periodically review the viability of existing business lines and products as well as assist with monitoring of success metrics for third party distribution partners.

This role involves significant coordination across various teams within Blackstone Credit including Portfolio Management, Institutional Client Solutions, Finance and Middle Office.

The Associate will contribute to and work with the broader LCS COO team business to:

• Aggregate key wins and LCS strategic updates weekly for senior leadership briefings
• Review progress of fundraising targets in various channels against results
• Collaborate with internal stakeholders and project manage/drive execution of new initiatives
• Prepare presentations and memorandums for management and other key stakeholders
• Perform ad hoc analyses and work on special projects as needed

Qualifications:                                 

Blackstone seeks to hire individuals who work with in a team-driven environment, are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. The successful candidate must have the following qualifications:

• Prior Investment Banking (Credit or Asset Management) or Product Development/ Fund management experience preferred
• At least 2 years of related experience
• Undergraduate degree in Finance, Accounting or Economics with a strong academic record
• Self-starter, highly organized, and detail-oriented
• Collaborative team player
• Strong proficiency in Microsoft Excel and Microsoft PowerPoint
• Ability to adapt t