BAAM- Special Situations 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.
 

Business Unit: Blackstone Alternative Asset Management (BAAM®)

Business Unit Overview:

Blackstone Alternative Asset Management (BAAM®) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients’ goals, a rigorous due-diligence process and access to Blackstone’s global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while mitigating downside risk during stressed market environments.

Job Title: BAAM- Special Situations Analyst

Job Description:                              

Analyst with BAAM’s Special Situations Group, focused specifically on risk transfer and risk sharing transactions with banks. These transactions are highly structured with BAAM purchasing a first or second-loss tranche, with an array of underlying assets ranging from corporate credit to fund finance. The job will entail sourcing, underwriting, executing, and monitoring these transactions. Day-to-day work will include transaction modeling, fundamental and quantitative credit underwriting, analysis of legal documents, research of new asset classes, preparation of investment committee memos, and engagement with internal and external counsel.

Qualifications:                                 

Blackstone seeks candidates who are highly motivated and creative individuals who have demonstrated achievement in prior endeavors and have the ability to work independently and as a member of a team.  We are looking for individuals who can develop creative and innovative solutions for our business with the goal of assuming increased leadership responsibilities over time.

In addition to strong commercial understanding, excellent communication skills, effective presentation skills and strong conceptual and analytical thinking skills, the successful candidate should have:

• 1+ years of experience

• Experience either investing in, advising on, or researching structured credit (CLOs, RMBS, CMBS, whole business securitizations, etc.) or fundamental investment grade or high yield credit.  

• Familiarity with legal documents governing securitizations or fundamental credit (credit agreements, indentures, etc.)

• Basic (at a minimum) knowledge of fundamental credit underwriting

• Proficiency with Excel, Bloomberg, PowerPoint

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:

$100,000 - $110,000

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 outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age,