Blackstone Credit & Insurance, Liquid Credit Strategies, Research - Associate

Blackstone; New York (NY); On-site; USD 125,000 - 130,000; Full time

Job summary

An established industry player is seeking a motivated Industry Credit Research Associate to join their Liquid Credit Strategies Team. This role involves conducting in-depth credit analysis to identify investment opportunities and effectively communicating insights to Portfolio Managers. The successful candidate will enhance their analytical skills while working with diverse investment types and industries. With a focus on creating long-term value, this position offers a unique opportunity to contribute to a team that manages substantial assets across various investment vehicles. If you are passionate about finance and eager to make an impact, this role is for you.

Qualifications

• 2+ years of relevant work experience in corporate credit or investment research.
• Strong analytical and communication skills are essential.

Responsibilities

• Conduct fundamental credit analysis and communicate recommendations.
• Monitor assigned companies and update financial models quarterly.

Skills

Credit Analysis

Financial Modeling

Investment Research

Communication Skills

Education

Bachelor's Degree in Finance or Related Field

Tools

Financial Analysis Software

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 (“BXCI”)- Liquid Credit Strategies (“LCS”) Research, Associate

Employer: Blackstone

Business Unit: Blackstone Credit & Insurance

The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of fixed income 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 166 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Job Title: Industry Credit Research Associate

Job Description:

The LCS credit analyst is an integral part of the investment team. The credit analyst will conduct fundamental credit analysis to identify attractive investment ideas and proactively communicate recommendations to Portfolio Managers.

The credit analyst will enhance both quantitative and qualitative skills through the investment process and will have the opportunity to work with a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures.

Responsibilities include:

1. Evaluate new investments in the Primary and Secondary Markets performing thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.
2. Formulate a clear and concise credit view in order to persuasively communicate recommendations to the Investment Committee (including CLOs, SMAs, BDCs, and Closed End Funds) both verbally and in writing.
3. Diligently monitor companies in the assigned industry segments including through recent news, quarterly/annual earnings announcements, ratings changes, and legal requests.
4. Update financial models for the assigned portfolio companies on a quarterly basis.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors as well as:

1. 2+ years of relevant work experience, ideally within corporate credit, public or private equity asset manager, sell-side corporate credit or equity investment research firm, or an investment bank in an advisory, capital markets or restructuring group.

Expected annual base salary range: $125,000 - $130,000. 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 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, and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.