Blackstone Credit & Insurance - CIO - Capital Formation, Associate

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Blackstone Credit & Insurance, Chief Investment Office, Capital Formation, Associate

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 Description

Provide support to the Capital Markets & Bank Relations team with respect to liability capital markets, financing, and bank relationship management activities for the Credit & Insurance business (“BXCI”).  Responsibilities will include the following:

• Work on debt financings for both single-asset and portfolio transactions, including modeling, lender diligence and materials, proposal comparisons, and the review and negotiation of credit agreements and related transaction documentation with legal counsel

• Collaborate with portfolio management teams and banking teams to build efficient financing structures and portfolios 

• Support debt and equity capital markets activities, including the issuance of private and public bonds out of select BXCI funds

• Prepare materials and market updates for debt investors, rating agencies, banks, fund boards, and internal committees

• Participate in meetings with bank partners, create briefing notes for senior management, and maintain ongoing engagement data to assist in holistic management of BXCI’s bank relationships

• Interface with capital raising and distribution partners, portfolio managers, risk, middle office / operations, and custodians

• Conduct ongoing liability management and analysis of financing and capital structures for BXCI’s funds

• Manage data analysis and rating agency interactions to receive and maintain asset ratings for rated financing vehicles

• Assist with ongoing organization of team project pipeline, ensuring opportunities, materials, and timelines are clearly tracked and accessible

• Collaborate with internal BX teams to design and implement AI-enabled tools, embedding AI into day-to-day workflows and leading internal efforts to drive adoption and innovation

• Develop new relationships with banks, insurance companies, and other sources of financing and/or investment opportunities for BXCI funds

• Provide general support to the capital markets and financing functions of BXCI

Qualifications               

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, have sound judgement, are intelligent, and have demonstrated excellence in prior endeavors.  In addition to strong analytical skills, the successful candidate should meet the following qualifications:

• Undergraduate degree

• 2+ years of experience, ideally working at an investment bank, consulting firm, or credit asset manager. Experience and familiarity with debt capital markets, credit investing and leveraged finance markets is a plus

• Strong verbal and written communication, financial analysis, data management, and presentation skills

• Motivation in leveraging AI and automation tools to improve workflow efficiency, enhance data analysis, and reduce operational errors

• A high degree of proficiency in PowerPoint and Excel and excellent attention to detail

• Critical thinking skills, including identifying trends and insights from raw data sets

• High degree of motivation and works well independently

• Experienced in handling multiple tasks, deadlines, and responsibilities

• Strong interpersonal skills to work cross-functionally and manage both internal and external business relationships

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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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