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, Twitter, and Instagram.
Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based 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: BXCI – Investment Operations – Vice President
Responsibilities:
- Manage and process the life-cycle of loans and securities, ensuring accuracy and timeliness in all processing stages. This includes, but is not limited to processing of new drawdowns, paydowns, PIK, interest and fees for syndicated and bilateral deals.
- Understand accounting knowledge like PNL, realized and unrealized, FX PNL, accrued interest on various assets being processed by the team.
- Oversee as needed the day-to-day activities of the global team in order to ensure tasks are fully complete, timely and accurate. Review and action incorrect PNL changes.
- Act as a first point of escalation to both internal and external stakeholders.
- Collaborate with team members across multiple locations and departments to reconcile and resolve, on a daily basis, exceptions related to cash or position activity.
- Liaise with both internal and external parties (e.g., Portfolio Managers, Finance, Administrators, Trustees, etc.) to ensure timely response of any queries and resolution of an issues. Utilize effective communication to provide clear direction as needed.
- Be responsible for routine operational tasks focused on administering defined procedures, analyses and report preparation, as well as resolving problems that require investigation or research.
- Identify process gaps, perform root cause analysis, design and execute upon creative solutions to support processes streamlining with focus on promoting efficiency and enhancing our risk controls.
- Provide ongoing training and support for new team members as needed.
- Appropriately demonstrate consideration for Blackstone’s reputation, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding professional conduct and business practices, and escalating, managing and reporting control issues with transparency.
Requirements:
- Bachelor’s/University degree or equivalent experience.
- Strong technical knowledge in various credit financial instruments, including but not limited to, loans, revolvers, bonds and repos with 7+ years of experience in bank debt operations.
- Previous experience with Advent Geneva is preferred.
- Hands-on experience with reconciliations and life-cycle management of loans and securities.
- Strong problem solving and analytical skills with an ability to effectively analyze problems.
- Strong leadership skills with proven record of effective execution and driving accountability.
- Excellent team player, who can collaborate effectively across all levels of the firm.
- Strong risk and control mindset, including ability to escalate effectively.
- Strong verbal and written communication skills as the role requires engagement with multiple stakeholders, both internal and external.
- Proficiency in MS Office (Excel, Word & 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:
$155,000 - $225,000
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, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
