Blackstone Credit & Insurance, Insurance Acquisitions and Partnerships – Senior 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, X, and Instagram.

Business Group: Blackstone Credit & Insurance (“BXCI”)

Business Group Overview:

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: Blackstone Credit & Insurance, Insurance Acquisitions and Partnerships – Senior Associate

Job Responsibilities:

• Work with professional teams, leading efforts in executing both (i) private equity investments and strategic partnerships within the insurance sector and (ii) investment management and the delivery of Blackstone’s investment expertise and products to insurance companies.
• Serve as a key member of the Acquisitions & Partnerships team, participate in all aspects of transaction opportunities within the insurance industry.
• Manage workstreams and timing of multiple projects and transactions simultaneously.
• Draft investment memos, perform transaction due diligence, conduct industry research/analysis related to insurance sector transaction opportunities.
• Take on the role of leader and reviewer in the process of creating presentations and drafting marketing materials for both potential and existing BXCI clients.
• Conduct industry research/analysis related to insurance.
• Construct and / or review detailed financial models and valuation analyses.
• Lead collaborations with the Asset Allocation team to construct tailored multi-asset product offerings for insurance company clients and strategic partners.
• Lead collaborations with the Quant Strategy team to produce analysis and modeling inputs related to insurance sector transaction opportunities.
• Lead and / or engage in insurance company portfolio management, including by: building analytics for optimizing insurance company asset allocation; measuring and managing regulatory capital; evaluating and pricing deals; conducting asset-liability management; and engaging with and presenting clients results.
• Take a systematic, quantitative approach, with a goal of producing robust, transparent, commercially effective tools and analysis.
• Perform other duties as needed.

Qualifications:

Education:

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

Experience:

• Minimum 3 years of experience in related occupations required.
• Minimum 3 years of experience in underwriting, conducting due diligence, and closing insurance M&A transactions.
• Minimum 3 years of experience in using Microsoft Excel to build detailed financial models.
• Minimum 3 years of experience in using Microsoft PowerPoint to develop internal and external presentation materials.
• Minimum 3 years of experience in using Capital IQ to research and analyze insurance company financial statements and forecasts. 
• 1 year of experience using Microsoft Excel to build detailed insurance investment portfolios.
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