Blackstone Credit and Insurance - Private Credit Strategies– Senior Associate

Blackstone • New York, NY

3d • $183,000 - $215,000

About The Position

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 and Insurance
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.

Requirements

• Bachelor’s degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field required.
• Minimum of 5 years of experience in job offered or related occupations required.
• Master’s degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field plus 2 years of experience in job offered or related occupations.
• Minimum of 2 years of experience using Microsoft Excel to build and audit detailed software credit models, including integrated financial statements, ARR roll builds, cash flow forecasting, debt schedules, and sensitivity / downside analyses.
• Minimum of 2 years of experience using Microsoft PowerPoint to prepare investment committee materials and deal updates summarizing diligence findings, key risks, and proposed structuring / terms.
• Minimum of 2 years of experience conducting end-to-end diligence for software investments including leading calls with industry experts, developing management and sponsor Q&A and diligence agendas, analyzing data rooms and third-party market and financial diligence materials.
• Experience can be concurrent.

Responsibilities

• Draft investment memos detailing potential take-privates, the investment merits / risks and a financial model for the deal.
• Model out company’s historical financials, which needs to be obtained from annual/quarterly filings).
• Draft business quality pages, which effectively analyzes the risks of the business.
• Primarily responsible for investing in technology companies utilizing intimate understanding of the operational side of companies, as well as the rationale behind different tech products.
• Make adjustments to EBITDA and create lender models, relying on a fundamental understanding of accounting.
• Perform financial decision making which is applicable to all forms of investment: stocks, bonds, real estate.
• Primarily responsible for structuring deals with debt, as well as using preferred equity, equity co-invest or warrants.
• Perform other duties as needed.

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: Senior