Blackstone Credit & Insurance- Liquid Credit Strategies, CLO Portfolio Management Associate

Blackstone • New York, NY

4d • $140,000 - $150,000

About The Position

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.

Excellent opportunity to join the Portfolio Management team of Blackstone’s leading CLO Franchise. The Liquid Credit Strategies Team (“LCS”) manages $123B in AUM across a wide array of funds and accounts in the US and Europe, including CLOs, separately managed accounts, commingled funds, and registered funds. Blackstone is the largest global CLO and loan manager, with an integrated CLO platform that has issued over 150 BSL CLOs since inception in 2001.

Associates and Senior Associates will gain exposure to a leading leveraged finance investing platform and oversee the entire life cycle of investments and portfolios.

Requirements

• 2+ years of experience at a bank or buy-side asset manager, with a focus on CLOs
• Bachelor’s degree required
• At least a base understanding of the Leveraged Loan product with emphasis on CLO experience
• Proficient at navigating through fund compliance documentation and CLO indentures
• Strong communication/interpersonal skills to liaise with investors and various groups across Blackstone Credit & Insurance.
• Analytical/problem solver with proficiency in excel

Responsibilities

• Generating trade ideas based on relative value or to improve portfolio metrics
• Portfolio construction and optimization
• Communicating daily with trading desk on outstanding trades, market, and opportunities
• Assisting in monitoring portfolio risk and metrics
• Working with legal and middle office to monitor investment guidelines and compliance
• Responding to investor requests and liaising with BXCI investor relations

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

What This Job Offers

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