Blackstone Credit & Insurance (BXCI) - Investment Operations - Vice President

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 direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based 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.

Responsibilities:

The BXCI Investment Operations team is looking for a key member of the team focused on operational support and day to day management of its Strategic Insurance Clients. This team liaises directly with key internal and external stakeholders in ensuring the accuracy of the Clients’ Investment and Accounting records with a high standard of care.

The successful candidate’s responsibilities will include:

• Building and supporting an enhanced operations servicing model; working with clients to ensure they have full understanding of investment portfolios, helping to address questions/issues across a diverse book of credit investments and working with many teams internally to improve processes and outcomes for the clients.
• Daily oversight of the reconciliation process with internal and external stakeholders to ensure that insurance clients’ records are accurate for monthly close process; reviewing overdue receivables, suspense accounts, etc. and working with reconciliation / processing teams to ensure activity is accurately captured in internal systems and on client records.
• Assistance with private deal fundings, pipeline management and client communication to ensure smooth closing on complex private transactions.
• Daily / Monthly reporting oversight; assist in building better reporting solutions, working with offshore teams to ensure accurate data and review of output prior to delivery to clients.
• Coordination of responses for ongoing ad-hoc client queries; working with teams to ensure incoming asks are in front of the right groups with follow-up on pending items and response back to clients.

Qualifications:

• Bachelor’s/University degree or equivalent experience
• 12+ Years Related Experience
• Strong understanding of Insurance Industry is preferred; including STAT accounting principles
• Strong attention to detail and highly organized
• A strong work ethic and a positive attitude
• Results oriented, deadline driven and resourceful person who thrives in a dynamic environment
• Independent worker / self-starter
• Advanced Proficiency in MS Office (Excel, Word)
• Experience with Insurance Accounting systems a strong plus (Clearwater, PAM, Aladdin)
• Proven success as a team player

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:

$175,000 - $225,000

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 band