Blackstone Real Estate Debt Strategies (BREDS) Operations, 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 Real Estate 

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $325 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT). 

Job Title:  Blackstone Real Estate Debt Strategies (BREDS) Operations, Associate

Job Description:

The BREDS Operations team is responsible for executing new investing and capital markets transactions across the BREDS business, as well as oversight of daily portfolio activities and cash flows.

• Assist with the operations of BREDS AUM and related transactions, including the firm’s publicly-listed REIT, Blackstone Mortgage Trust (NYSE: BXMT), its private fund structures, and insurance vehicles
• Partner with investment professionals and others in BREDS Finance based in New York and London to execute new investment transactions and financing strategies
• Oversee aspects of the BREDS offshore operations team and dedicated portfolio company servicing and onboarding team
• Execute investment funding activities with the BREDS asset management team, including any related treasury, debt financing or foreign currency considerations
• Liaise with BREDS asset managers and the servicing and onboarding team to validate monthly interest income calculations, funding/paydown activity, and waterfall cash remittances
• Review monthly and quarterly investment portfolio analytics for senior management

Qualifications:

• Bachelor’s degree in finance, accounting, or a similar discipline (CFA is a plus)
• 3+ years of experience in transaction services, a private equity fund, consulting, or other relevant real estate debt roles
• Experience in the financial services and/or real estate industries is preferred
• Proven ability to work in a dynamic environment that requires the execution of transactions as well as projects and initiatives in support of a rapidly growing business
• A highly motivated individual with a strong work ethic and attention to detail
• Excellent oral and written communication skills
• Proficiency in MS Excel is required

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:

$105,000 - $140,000

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 compens