Blackstone Credit & Insurance - Asset Management, 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.

Job Description

Business Unit: Blackstone Credit & Insurance

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: Senior Associate 

Responsibilities:
Blackstone Credit & Insurance’s Asset Management group mobilizes resources to preserve investor capital and enhance investment returns in challenged situations. Once assets that are or could be challenged are identified, the Asset Management group proactively engages with owners, management, and other stakeholders to preserve value. 

The Senior Associate will work to address distressed positions within the portfolio, restructuring if necessary, and support the maximization of returns post-restructuring by adding value to the management teams as further described below. The team employs a private equity mindset when managing assets by taking an active role in turnarounds, value-creation strategies, and exit planning. 

The main areas of responsibility will include assisting senior team members with:

• Preparing investment memoranda, analyses (with significant emphasis on identifying root causes of underperformance), financial forecasts, and other ad-hoc requests to support real-time decision making related to existing investments

• Restructuring of capital structures by evaluating financial models, identifying optimal financing solutions, and supporting negotiations to enhance liquidity, reduce debt burdens, and secure long-term financial stability for an organization

• Providing comprehensive support to management and the board of directors by preparing detailed analyses, strategic recommendations, and facilitating effective decision-making to drive business performance and achieve corporate objectives. This could include participating in due diligence processes for potential add-on acquisitions & divestitures as part of broader restructuring efforts

• If required, coordinating the selection and engagement of third-party consultants and service providers for value creation initiatives

• Developing and maintaining a comprehensive understanding of industry trends, competitive landscapes, and regulatory environments to inform strategic decision-making for control / significant minority equity positions

• Driving and reporting on the progress of turnaround initiatives, providing regular updates to BXCI senior management on key financial metrics, operational milestones, and risk factors

Qualifications:
Blackstone seeks to hire individuals who are highly motivated, have sound judgement and have demonstrated excellence in prior endeavors. In addition to strong analytical skills, the successful candidate should have:

• Bachelor’s degree in finance, business administration, economics, or a related field; advanced degrees (e.g., MBA) or professional certifications (e.g., CFA, CPA) are a plus, but not required

• Minimum of 3 years of experience in investment banking, restructuring adviso