Blackstone Credit & Insurance (BXCI) - Asset Based Financing Operations, AVP

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 Unit Overview:     

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $196 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single-family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. 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 Description:

The Asset Operations team: oversees all operational aspects of the private client mandates (Revolver, Delayed Draw, Term Loans, ABS, CMBS, Privately Originated Loan) from trade input, settlement, to the on-going asset servicing life cycle events.  The role will be client facing and liaise closely with deal teams.

Responsibilities:

• Supporting clients by maintaining and providing prompt and accurate service to external clients and internal departments.

• Interact with clients and agents on position updates or trade related issues.

• Daily portfolio monitoring.

• Assist in the setup of new structures within the private whole loan space.

• Provide allocations to clients on all securities to ensure proper funding and settlement.

• Responsible for booking, capturing, and reconciling trades.

• Review and oversee daily cash and position reconciliations.

• Research and resolve transaction breaks between internal system and custodians.

• Monitor private deal pipeline to ensure client liquidity, operational readiness, and timely fundings.

• Ad Hoc reporting.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:

• 6+ years of experience in structured products or a middle-office role.

• Working knowledge of security operations with loans, fixed income products, private assets, and the trade lifecycle.

• Strong analytical skills and detail oriented.

• Works effectively in a fast-paced dynamic environment while handling multiple projects.

• Strong work ethic, professional integrity, and a positive attitude.

• Strong Excel Skills.

• Strong communication skills, both written and verbal.

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:

$135,000 - $200,000

Actual base salary within that range will be det