Blackstone Asset Based Finance – Senior Associate, Structured Finance

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 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.
 

Business Unit: Blackstone Credit - Asset Based Finance

Business Unit Description:

Blackstone Credit is one of the world’s largest credit-focused asset managers. Blackstone’s Credit and Insurance segment has $295 billion in AUM. Blackstone Credit seeks to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.

Job Title: Blackstone Credit - Asset Based Finance – Senior Associate, Structured Finance

Job Responsibilities:

• Work with the team to perform due diligence on prospective investments within the credit space, with a focus on Structured Credit.
• Meet with potential borrowers and their teams, industry/strategy research, and quantitative analysis.
• Model and evaluate various types of deal structures. Structure and negotiate deal term sheets.
• Review credit agreements and other loan documentation.
• Work with other members of the Investment Team to source, diligence, and underwrite investment opportunities, leveraging Blackstone’s various groups where appropriate.
• Draft and present memorandums for Investment Committees.
• Monitor existing investments including tracking key risks/mitigants and continuously challenging the validity of the investment thesis.
• Thinking creatively about ways to improve the team’s existing processes.
• Perform other duties as needed.

Qualifications:

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field
   

Experience:

• Minimum of 1.5 years of experience: underwriting, conducting due diligence, and executing asset-backed transactions in the United States, specifically across consumer credit sectors (e.g., credit card, unsecured consumer, home improvement, and small business).
• Minimum of 4 years of experience underwriting, conducting due diligence, and executing asset-backed transactions in Australia and the broader Asia Pacific region.
• Minimum of 6 years of experience using Intex software tools to analyze asset-backed transactions.
• Minimum of 6 years of experience using Bloomberg software tools to analyze asset-backed transactions.
• Minimum of 6 years of experience working with Rating Agencies and their framework/methodology to structure asset-backed transactions that optimizes for client and investor feedback.
• Minimum of 6 years of experience negotiating deal term sheets and legal documentation across asset backed transactions (e.g. warehouse, loan, term securitization structures).
• Minimum of 6 years of experience drafting and presenting deal approval/credit memorandums to internal investment committees; pitching asset-backed transactions to potential borrowers and investors.
• Minimum of 6 years of experience using Microsoft Excel to build detailed cash flow models to analyze asset-backed transactions
• Minimum of 6 years of experience using Microsoft PowerPoint to develop internal and external presentation materials.

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:

$185,000 - $195,000

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 outsi