Blackstone Credit & Insurance - Asset Management, Senior Associate

Blackstone • New York, NY

7d • $160,000 - $215,000

About The Position

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, X, and Instagram. Job Title: BXCI Asset Management, Senior Associate Blackstone Credit & Insurance 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. Responsibilities: Blackstone Credit & Insurance’s Asset Management group mobilizes resources to preserve investor capital and enhance investment returns in challenging situations. Once assets that are or could be challenged are identified, BXCI’s Asset Management team has dual responsibilities: The team focuses on the restructuring and re-underwriting of troubled or underperforming BXCI Private Credit Strategies investments; working closely with equity owners including sponsors, management, creditors, and other stakeholders to preserve and enhance value through balance sheet restructurings, liquidity solutions, and interim credit relief amendments; and Where these processes result in BXCI assuming equity ownership, the role extends into the active ownership and management of a portfolio company, employing a private equity mindset. This includes developing and executing a value creation plan, and partnering with management teams and boards to drive strategic, operational, and financial initiatives, with the objective of maximizing exit outcomes and recoveries. The position offers significant exposure to complex restructurings, control investing, and active ownership situations, providing a differentiated skill set at the intersection of credit, private equity, and operations.

Requirements

• Bachelor’s degree in finance, business administration, economics, or a related field; advanced degrees (e.g., MBA) or professional certifications (e.g., CFA, CPA) are a plus, but not required
• 3+ years of experience in investment banking, restructuring advisory, private equity/private credit, management consulting, or a related field, with a focus on distressed assets or turnaround situations
• Demonstrated proficiency in financial modeling, valuation techniques, and scenario analysis; effectively assesses complex financial structures and understands the implications of various restructuring alternatives
• Exceptional analytical and quantitative skills; effectively synthesizes large amounts of data into actionable insights and coherent strategies
• Strong communication and interpersonal skills, effectively presents analysis and makes recommendations to management teams, boards of directors, and external stakeholders
• Proven track record of working collaboratively in a team environment, managing multiple projects simultaneously, and meeting tight deadlines under pressure
• Strong EQ; effectively navigates between internal demands and building strong working relationships with management teams
• High level of initiative and motivation, with a keen interest in the dynamics of companies and a passion for developing creative solutions to complex problems
• Familiarity with industry-specific challenges and opportunities; quickly learns and adapts to new sectors
• Experience working on a small team with significant responsibility / independently

Responsibilities

• Maintaining significant ownership over assigned situations, including serving as a day-to-day point of contact for portfolio company management, advisors, sponsors, peer lenders, and internal origination teams, and exercising sound judgment in fast-moving, high-stakes environment
• Preparing investment memoranda, analyses (with significant emphasis on identifying root causes of underperformance), financial forecasts, and other ad-hoc requests to support real-time decision making related to existing investments
• Restructuring of capital structures by developing financial models, identifying optimal financing solutions, and supporting negotiations to enhance liquidity, reduce debt burdens, and secure long-term financial stability for an organization
• Providing comprehensive support to management and the board of directors by preparing detailed analyses, strategic recommendations, and facilitating effective decision-making to drive business performance and achieve corporate objectives. This may include participating in due diligence processes for potential add-on acquisitions & divestiture as part of broader restructuring efforts
• If required, coordinating the selection and engagement of third-party consultants and service providers for value creation initiatives
• Maintaining and enhancing a comprehensive understanding of industry trends, competitive landscapes, and regulatory environments to inform strategic decision-making for control / significant minority equity positions
• Driving and reporting on the progress of turnaround initiatives, providing regular updates to BXCI senior-level management on key financial metrics, operational milestones, and risk factors

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses
• Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees