Blackstone Operating Team, Spend Management 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 $1.1 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.

Blackstone Operating Team

The Blackstone Operating Team (BXOT) includes over 100 dedicated senior advisors, industry leading professionals, and passionate operators who are committed to building resilient, successful businesses across the globe. Our team works together with Portfolio Company leadership to develop and implement industry leading strategies in Healthcare, Cybersecurity, Technology and Data Science, ESG and Sustainability, and Spend Management with an emphasis on Talent Development and Leadership.

The Spend Management operating team supports over 240 global investment vehicles in the flagship Private Equity fund, Core, Tactical Opportunities, Infrastructure, Life Sciences, Energy, and Growth with access to a Group Purchasing Platform and best in class eSourcing team and Sourcing Center to unlock value creation and enable and professionalize procurement organizations at those portfolio companies. The Group Purchasing Platform leverages more than $30B of global spend across the Blackstone ecosystem of portfolio companies to drive value creation and differentiated service and quality for more than 75 indirect spend categories.

Job Description

The Analyst will support strategic deployment of the Group Purchasing Spend Management platform and program management of value creation initiatives with Portfolio Companies across Blackstone’s private equity strategies. They will use strong analytical and quantitative skills, excellent communication and interpersonal skills, detailed project management expertise, and general business knowledge including financial acumen and familiarity with operating metrics to support c-suite and executive leadership teams at portfolio companies seeking to accelerate value creation and implement Spend Management best practices for their businesses.  

The Analyst will support the Group Purchasing program management and continuous improvement focusing on KPI tracking and reporting and vendor management, service, quality, and performance improvement.

The Analyst will also support networking and community building across Blackstone portfolio companies focusing on contact management, coordination of outreach, and planning of events.

Responsibilities

• Support deployment of Spend Management platform including developing value creation opportunity assessments, supporting due diligence, facilitating vendor connections, and tracking, executing, and summarizing impact
• Execute meticulous project management including cadence check-in calls, email communication, and issue escalation to resolution between portfolio companies and vendor partners to resolve challenges and accelerate execution and maintenance of Salesforce.com project tracking
• Actively support day-to-day training, work prioritization, quality control and process improvement for our Spend Management COE (Center of Excellence) off-shore team resource
• Collaborate across teams, business units, and groups at Blackstone and with off-shore supporting team members to delegate and execute tasks
• Use SAP Ariba and Sigma business intelligence tools to identify opportunities for value creation within portfolio companies and across categories
• Support RFQ/RFPs opportunity identification, project development, and scope creation with portfolio companies using the Spend Management eSourcing solutions and Blackstone Sourcing Center
• Support the Spend Management vendor performance management process to track and address service issues and opportunities to drive differentiated service levels across the portfolio
• Encourage engagement and promote the Blackstone procurement