Blackstone Credit & Insurance - IABC Portfolio Management, Principal

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.

Business Unit: Blackstone Credit & Insurance

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: Principal

Job Description:

The Infrastructure & Asset Based Credit (IABC) Portfolio Management Principal is an integral part of the team, supporting the Chief Operating Officer of IABC. Given the small size of the team, the Principal will be able to make a meaningful contribution and will gain exposure to senior members of the business.

The Portfolio Management Principal will enhance both quantitative and qualitative skills and will have the unique opportunity to gain exposure to a wide range of areas within IABC at Blackstone. The Principal will play an essential role in the team’s work and will have the opportunity to lead strategic initiatives across the business. The Principal will be expected to work on multiple projects at once and will collaborate with colleagues at all levels across businesses, gaining significant exposure to all aspects of Blackstone Credit & Insurance.

Responsibilities:

• Solving complex problems and executing high priority projects aligned with IABC’s strategic vision

• Strategic Growth Initiatives:

  • Partner with stakeholders throughout the business to develop and launch new products across different structures and return targets

  • Coordinate with various stakeholders across Portfolio Management, Institutional Client Services, Tax, Legal, FP&A to successfully set up product launches

  • Evaluate IABC’s strategic positioning relative to market

• Portfolio Management:

  • Management of fund liquidity and tracking of capital inflow / deployment pipeline

  • Work with tax and legal experts to solve complex portfolio management problems

  • Partnering with the Valuations team to track portfolio impact on a quarterly basis

  • Collaborating with the FP&A team to maintain an up-to-date view of the Fund Model

  • Written communication to investors on new deals

  • Preparation for quarterly investor meetings, including presentation and key highlights

• Business Management:

  • Partnering with key business team members to improve processes, affect organizational change, and drive overall business strategy

  • Preparing ad hoc analysis, presentations and project status reporting to senior management and stakeholders

  • Leading strategic transformation efforts to enhance the operating model (e.g., process re-engineering, service provider support, automation)

  • Designing and implementing initiatives to strengthen IABC’s culture

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. The successful candidate should have the following qualifications:

• Bachelor’s degree

• 7+ years of relevant experience, with investment experience considered a plus

• Strong technical, analytical, financial modeling, and quantitative skills

• Comfort working with and analyzing large and disparate data sets

• Strong technical problem-solving skills along with exceptional interpersonal skills

• Strong written and oral business communication and presentation skills

• Excellent project management skills, attention to detail, and an ability to effectively communicate across different stakeholders

• Organized self-starter with ability to prioritize competing priorities

• Resourceful problem solver

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:

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 [email protected].

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.
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