Blackstone Credit & Insurance – Senior Associate

Blackstone; New York (NY); On-site; USD 160,000 - 215,000; Full time

Benefits offered by this job

Comprehensive health benefits

Paid time off

Life insurance

401(k) plan

Discretionary bonuses

Job summary

Blackstone Credit & Insurance seeks a Senior Associate to lead diligence and underwriting for investments across energy, infrastructure, and related credit opportunities in the United States. You will develop financial models, craft committee materials, and guide deal teams through financing structures while supervising junior staff.

The role demands a strong background in Excel-based modeling, PowerPoint presentations, and energy market analysis, with a track record of assets under management

Qualifications

• Bachelor’s degree (or foreign equivalent) in Engineering, Mathematics, Statistics, or a related field required.
• Minimum of 3 years of experience in job offered or related occupations required.
• Experience using Excel to build detailed financial models and cash flow pro formas.
• Experience using PowerPoint to develop internal and external presentation materials.
• Experience underwriting, due diligence, and closing energy and infrastructure transactions in the United States.

Responsibilities

• Lead transaction diligence, and underwriting of new investments, and oversee monitoring portfolio operations across energy, utility, and infrastructure.
• Prepare financial models, investment committee presentations, and briefing materials for investments within Infrastructure and Asset Based Credit Team.
• Lead discussions to evaluate viability of investment opportunities and financing structures.
• Oversee analysts and associates on deal teams and monitor progress towards milestones.
• Perform other duties as needed.

Skills

Financial modeling

Excel

PowerPoint

Due diligence

Deal structuring

Portfolio monitoring

Education

Bachelor’s degree in Engineering/Math/Statistics

Tools

Excel

PowerPoint

Job description

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.

Business Group

Blackstone Credit & Insurance ("BXCI")

Business Group Overview

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

Blackstone Credit & Insurance – Senior Associate

Job Responsibilities

• Lead transaction diligence, and underwriting of new investments, as well as leading monitoring portfolio operations across the energy, utility, and infrastructure space.
• Prepare financial models, investment committee presentations, and third-party briefing materials for various investments within the Infrastructure and Asset Based Credit Team within Blackstone Credit and Insurance.
• Lead internal discussions to evaluate viability of potential investment opportunities and financing structures.
• Oversee analysts and associates on various deal teams and monitor progress towards key milestones.
• Perform other duties as needed.

Qualifications

Education

• Bachelor’s degree (or foreign equivalent) in Engineering, Mathematics, Statistics, or a related field required.

Experience

• Minimum of 3 years of experience in job offered or related occupations required.

Experience

• Minimum of 3 years of experience using Microsoft Excel to build detailed financial models and cash flow pro formas.
• Minimum of 3 years of experience using Microsoft PowerPoint to develop internal and external presentation materials.
• Minimum of 2 years of experience underwriting, conducting due diligence, and closing energy and infrastructure transactions across the United States.
• Minimum of 2 years of experience analyzing and evaluating companies throughout the energy industry value chain, including exploration & production, midstream, services, refining, and energy transition using valuation techniques such as net asset valuation, discounted cash flow analysis, leveraged buyout, and sum-of-the-parts to create comprehensive financial models to analyze the impact of mergers & acquisitions as well as debt and equity capital markets transactions.
• Experience can be concurrent.

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

$160,000 - $215,000

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 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.

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

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), [phone] (EMEA) or [phone] (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.