Blackstone Credit & Insurance(BXCI) - Loan Operations Servicing - Assistant Vice President

Blackstone; New York (NY); On-site; USD 125,000 - 200,000; Full time

Job summary

An established industry player seeks a detail-oriented Assistant Vice President for Loan Operations Servicing. This role involves managing the life-cycle of loans and securities, ensuring accuracy in processing, and collaborating across teams to resolve discrepancies. The ideal candidate will bring over five years of bank debt operations experience, strong problem-solving skills, and a commitment to compliance and ethical conduct. Join a dynamic team that values teamwork and offers opportunities for professional growth in a fast-paced environment. If you're ready to make a significant impact, this role is for you.

Qualifications

• 5+ years of experience in bank debt operations with strong technical expertise.
• Proven record of strong teamwork and effective communication skills.

Responsibilities

• Manage the life-cycle of loans and securities with accuracy and timeliness.
• Collaborate with team members to resolve exceptions related to cash or position activity.

Skills

Bank Debt Operations

Problem Solving

Analytical Skills

Teamwork

Communication Skills

Education

Bachelor’s/University degree

Tools

Advent Geneva

MS Office

Job description

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 – Loan Operations Servicing – Assistant Vice President

Responsibilities:

• Process and manage the life-cycle of loans and securities, ensuring accuracy and timeliness in all processing stages. This includes 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 like bonds, private deals, etc.
• Collaborate with team members across multiple locations and departments to reconcile and resolve, on a daily basis, exceptions related to cash or position activity.
• Identify process gaps, perform root cause analysis, and help to design solutions to support the streamlining of related work processes.
• Be responsible for routine operational tasks focused on administering defined procedures and report preparation.
• Provide ongoing training and support for new team members as needed.
• 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 expertise with 5+ years of experience in bank debt operations.
• Previous experience with Advent Geneva is strongly 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.
• Results oriented, deadline driven and resourceful person who thrives in a dynamic environment while maintaining a strong attention to detail.
• Proven record of strong teamwork.
• 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).

Expected annual base salary range: $125,000 - $200,000

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.

Equal Employment Opportunity: 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.

If you need a reasonable accommodation to complete your application, please email Human Resources at [e-mail] .

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 client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products;
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not exhaustive 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.