Blackstone Credit & Insurance - Liquid Credit Strategies, Business Management Associate

The Blackstone Group L.P.; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

An established industry player is seeking a Business Management Associate to join their Liquid Credit Strategies team. In this dynamic role, you will prepare critical business updates for senior leadership, monitor fundraising targets, and collaborate across various internal teams. The ideal candidate will have a strong background in investment banking or fund management, along with excellent skills in Microsoft Excel and PowerPoint. This is a fantastic opportunity to work in a fast-paced environment where your contributions will directly impact the success of the organization. If you're driven, detail-oriented, and passionate about finance, this role is for you!

Qualifications

• 2+ years of experience in Investment Banking or Fund Management preferred.
• Strong proficiency in Microsoft Excel and PowerPoint is essential.

Responsibilities

• Prepare business updates for senior leadership on performance and AUM.
• Collaborate with teams and manage execution of new initiatives.

Skills

Investment Banking

Product Development

Fund Management

Microsoft Excel

Microsoft PowerPoint

Interpersonal Skills

Communication Skills

Organizational Skills

Education

Undergraduate degree in Finance

Undergraduate degree in Accounting

Undergraduate degree in Economics

Job description

Blackstone Credit & Insurance - Liquid Credit Strategies, Business Management Associate

Blackstone Credit & Insurance - Liquid Credit Strategies, Business Management Associate

Apply locations New York time type Full time posted on Posted 2 Days Ago job requisition id 36533

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.

Blackstone Credit & Insurance- Liquid Credit Strategies (“LCS”) – Business Management, Associate

Business Unit: Blackstone Credit & Insurance

Business Unit Description: 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: Associate

Job Description: The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of (fixed income) debt investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Exchange Traded Funds and Closed End Funds. LCS also invests in the debt and equity tranches of CLOs.

The Business Management Associate will help prepare recurring business updates to senior leadership relating to items such as performance, AUM, fundraising targets and key success metrics. The Business Management Associate will also help periodically review the viability of existing business lines and products as well as assist with monitoring of success metrics for third party distribution partners.

This role involves significant coordination across various teams within Blackstone Credit including Portfolio Management, Institutional Client Solutions, Finance and Middle Office.

The Associate will contribute to and work with the broader LCS COO team business to:

• Aggregate key wins and LCS strategic updates weekly for senior leadership briefings
• Review progress of fundraising targets in various channels against results
• Collaborate with internal stakeholders and project manage/drive execution of new initiatives
• Prepare presentations and memorandums for management and other key stakeholders
• Perform ad hoc analyses and work on special projects as needed

Qualifications:

Blackstone seeks to hire individuals who work within a team-driven environment, are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. The successful candidate must have the following qualifications:

• Prior Investment Banking (Credit or Asset Management) or Product Development/ Fund management experience preferred
• At least 2 years of related experience
• Undergraduate degree in Finance, Accounting or Economics with a strong academic record
• Self-starter, highly organized, and detail-oriented
• Collaborative team player
• Strong proficiency in Microsoft Excel and Microsoft PowerPoint
• Ability to adapt to new challenges in a dynamic environment while handling multiple projects
• Possesses a strong work ethic, professional integrity, a positive attitude and genuine passion for excellence
• Strong desire to work in an entrepreneurial environment
• Excellent interpersonal and communication skills, both written and verbal

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: $120,000 - $150,000

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 [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 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.