Blackstone Credit & Insurance - Insurance Acquisition & Partnerships, Associate

Blackstone • New York, NY

2d • $125,000 - $160,000

About The Position

Blackstone is seeking an Investment Associate to join the BXCI Insurance Acquisition & Partnerships team, focused on the global insurance sector. The team sources, evaluates, structures, and executes strategic transactions across the global insurance landscape on behalf of dedicated funds, perpetual capital vehicles, and Blackstone’s balance sheet. The position provides exposure to complex transactions at the intersection of insurance, investments, and private capital markets. Associates contribute throughout the investment lifecycle and work directly with senior professionals on multiple live opportunities. The role calls for expertise in life and annuity insurance, deal modeling, insurance company valuation, investments, and fixed income securities, together with analytical rigor, commercial judgment, and a collaborative mindset.

The position involves building insurance transaction models and analytics, assessing insurance financials and regulatory frameworks, evaluating investment portfolios and reinsurance opportunities, preparing materials for senior stakeholders, and collaborating with investment professionals, actuaries, and external advisors through transaction execution. Duties may include additional assignments and may change at Blackstone’s discretion.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business, Actuarial Science, Mathematics, Engineering, or another quantitative discipline.
• At least 2 years of relevant experience in insurance, reinsurance, asset management, investment banking, private equity, advisory, or another financial services environment.
• Strong understanding of life and annuity insurance products, insurance company economics, and balance sheet dynamics.
• Experience evaluating or modeling insurance transactions, reinsurance structures, M&A opportunities, or strategic partnerships.
• Familiarity with insurance accounting and regulatory frameworks, including U.S. Statutory accounting, GAAP, Bermuda EBS, Solvency II, and/or Insurance Capital Standards.
• Strong analytical and financial modeling capabilities, including experience forecasting insurance company financials, reserves, capital, and investment portfolios.
• Knowledge of fixed income markets, asset-liability management, and insurance investment strategies.
• Experience synthesizing complex quantitative analyses into clear investment recommendations and presentations.
• Strong communication, project management, and interpersonal skills, with experience in fast-paced, collaborative environments.
• Advanced proficiency in Excel.
• Highly motivated, intelligent, and demonstrated excellence in prior endeavors.

Nice To Haves

• Experience with VBA, actuarial modeling tools, or programming languages.
• FSA, CFA, CPA, MBA, or another relevant professional designation.
• Prior experience working with financial sponsors, institutional investors, or transaction teams.

Responsibilities

• Build and maintain sophisticated insurance company transaction models, including detailed asset and liability forecasting.
• Develop dynamic Excel-based analytics to evaluate acquisitions, reinsurance and sidecar transactions, and strategic partnerships.
• Analyze and structure flow and block reinsurance opportunities, including pricing, capital impacts, and liability optimization.
• Evaluate fixed income portfolios and incorporate investment assumptions into transaction analytics and forecasting models.
• Assess insurance company financials, reserve frameworks, and capital structures across U.S., Bermuda, Solvency II, and ICS regimes.
• Prepare investment committee materials, presentations, and memoranda for senior stakeholders and investment committees.
• Translate complex insurance and actuarial concepts into clear, actionable insights for non-insurance investors.
• Partner with investment professionals, actuaries, and external advisors throughout transaction execution.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may be eligible for equity and other incentive compensation at Blackstone’s discretion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level