BXCI, Investment Operations - Assistant Vice President
Blackstone
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Blackstone Credit & Insurance
Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Operations role to work closely with Treasury, Accounting, Investor Relations and Legal & Compliance teams to support Investment Management in its execution and management of private securitization transactions. This deal coordinator role will work with both internal and external parties on a day-to-day basis on deal closings, tracking, reporting and ad-hoc inquiries. The team will also be focused on integrating information flows across the portfolio which involves bespoke projects as well as a number of initiatives involving technology and business analytics. This role involves significant coordination across various teams within Blackstone Real Estate and requires strong securitization knowledge as well as business acumen, professionalism and communication skills.
Job Title: BXCI- Investment Operations – Assistant Vice President
Responsibilities:
- Coordinate Private Credit deal closings with internal (Deal investment teams, Legal, Treasury, Finance, Processing teams), and external (Lenders, counsel, Administrative Agents) parties to ensure a smooth closing process.
- Serve as the day-to-day point of contact for internal teams and external clients in order to proactively manage existing portfolio of complex structured loans and residential mortgage transactions
- Gain a comprehensive understanding of the structure of each deal in order to provide oversight to offshore support team and assist with amendments or changes to deal lifecycle processes.
- Monitor new borrowing requests, review flow of funds, and coordinate borrowings for existing transactions.
- Prepare capital calls for clients regarding new deals and delayed draws in accordance with each client’s Investment Management Agreement (IMA) guidelines to communicate final deal numbers to clients in a timely manner
- Manage pipeline reporting, ability to multi-tasks and execute tasks in a short timeline.
- Create and maintain Standard Operating Procedures (SOP’s) to ensure best practice.
- Identify process gaps, perform root cause analysis, design and execute upon creative solutions to support processes streamlining with focus on promoting efficiency and enhancing our risk controls.
- Appropriately 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 personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
The successful candidate should have:
- Bachelor’s degree in Business, Finance, Economics, Accounting.
- 4+ years of work experience relevant experience.
- Strong knowledge of fixed income securities, Asset Based Finance, and Private loans.
- Strong knowledge of Microsoft Excel.
- Excellent data handling skills and ability to model complex securities and their P&L.
- Familiarity with Advent Geneva (Portfolio Accounting System) is a plus
- Excellent team player, who can collaborate effectively across all levels of the firm.
- Strong risk and control mindset, including ability to escalate effectively.
- Strong verbal and written communication skills as the role requires engagement multiple stakeholders, including external clients.
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.
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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