Strategic Partners – GP Stakes Spend Management Operations, Analyst

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.
 

Strategic Partners – GP Stakes Spend Management Operations, Analyst

Employer:                              

Blackstone

Business Unit:

Strategic Partners

Business Unit Overview:         

Blackstone GP Stakes manages approximately $11 billion of AUM and acquires minority ownership interests in leading private equity firms (“GPs”).  This is a direct private equity investment strategy focused on alternative asset management as a sector, benefiting from strong secular trends in capital allocation toward private-market alternative assets and employing Blackstone’s disciplined and value-oriented “core” approach to investing.  We seek to invest in institutionalized GPs with a competitive edge, where we are well-positioned to deliver strategic value by leveraging the broader Blackstone platform.  Investments may be effectuated through a variety of structures, techniques and instruments such as common, preferred or structured equity.

Job Title:

Analyst            

Job Description:         

The Operations Analyst is charged with supporting the deployment of the Blackstone Spend Management Platform to Blackstone GP Stakes PE affiliates and their respective portfolios. Broad responsibilities include managing internal/external bi-weekly/monthly/quarterly reporting at the PE/portfolio company level, tracking PE affiliate/portfolio company activity in Salesforce, driving utilization of the global procurement platform through significant portfolio company interaction via weekly project management calls and email communications, interacting with preferred vendor partners to help resolve any challenges and other activities including business presentations and spend/savings reporting.

The Operations Analyst will interface daily with Blackstone GP Stakes PE Affiliate portfolios, the GP Stakes Investment Team, the Portfolio Operations Group and vendor partners. The Operations Analyst will be exposed to many different value creating initiatives across many diverse industries and regions. This requires strong analytical and quantitative skills, excellent communication and interpersonal skills, detailed project management, and general business knowledge including analyzing financial data and operating metrics. Travel will be required on an as‐needed basis.

Additional responsibilities include:

• Provide continuous support to specific portfolio companies including bi-weekly project management calls with portfolio companies, PE affiliates and preferred vendors. 
• Identify opportunities for engagement, manage vendor introductions and ensure project execution within portfolio companies to leverage the Purchasing Platform.
• Provide quantitative and qualitative analysis of the key initiatives across the GP Stakes portfolio including bi-weekly, monthly and quarterly performance reporting, group purchasing program execution metrics, cross‐selling results and other functional initiatives.
• Extensively use Salesforce to help manage portfolio company data, track status of every procurement project, develop enhancements to the tool and maintain contacts across all PE affiliates and portfolio companies.
• Help drive the group purchasing initiative including working with the portfolio companies’ senior procurement/IT/HR/Marketing/Operations/Finance and other functions during the execution stage resolving issues, expanding utilization interfacing with our group purchasing 75+ vendor partners to ensure their performance.
• Ability to extensively use the Ariba software spend visibility tool help analyze and identify additional procurement opportunities.
• Develop deep understanding of the eSourcing solution to help drive portfolio company engagement to leverage the Blackstone Sourcing Center. 
• Support expans