Blackstone Credit & Insurance - Asset Allocation – Senior Associate

Blackstone • New York, NY

3d • $160,000 - $215,000

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.

Requirements

• Bachelor’s degree (or foreign equivalent) in Finance, Statistics, Mathematics, or a related field required.
• Minimum of 4 years of experience in job offered or related occupations required.
• Minimum of 3 years of experience analyzing investment performance and market trends utilizing Microsoft Excel.
• Minimum of 3 years of experience performing financial due diligence and statistical analysis using large market data sets to support investment modeling.
• Minimum of 3 years of experience building and customizing financial models to reflect transaction-specific and market-driven scenario analysis.
• Minimum of 3 years of experience conducting financial forecasting, market scenario analysis, and stress testing.
• Minimum of 3 years of experience performing financial due diligence for investment and portfolio evaluation.
• Minimum of 2 years of experience trading and investing across asset classes, including fixed income, as well as futures, forwards, options, swaps, and fund vehicles.
• Minimum of 2 years of experience executing strategic and tactical investment decisions based on fund-specific, regulatory, and market-related considerations.
• Minimum of 2 years of experience managing portfolio risk across multiple client portfolios, including insurance clients, including exposure, currency, and cash management.
• Minimum of 2 years of experience with derivative-based strategies to enhance overall portfolio risk management for clients.
• Minimum of 2 years of experience reviewing new portfolio designs, investment strategies, and model portfolios.
• Minimum of 2 years of experience serving as project lead for complex portfolio initiatives, including onboarding new client mandates, portfolio launches, and portfolio repositioning.
• Minimum of 2 years of experience leading projects to enhance investing and risk management processes, infrastructure, and analytical frameworks to improve team oversight of portfolio management activities.

Responsibilities

• Serve as a key member of BXCI’s investment team, responsible for delivering Blackstone’s investment management expertise and product capabilities to insurance company clients.
• Play a central part in shaping asset allocation frameworks across insurance portfolios, integrating Blackstone’s broad investment platform into cohesive, insurer-focused solutions that align with regulatory, capital, and liability considerations.
• Build and manage a multi-asset investment solutions capability for insurance companies by collaborating closely with Blackstone’s Business Units to design and implement customized, insurer-specific portfolio solutions.
• Partner with asset management teams across the Blackstone platform to develop a deep understanding of the firm’s investment strategies and how they can be applied within insurance balance sheets.
• Lead asset allocation analysis across public and private asset classes, incorporating insurer constraints such as capital efficiency, liquidity, duration, and regulatory requirements.
• Review and monitor portfolio performance, risk characteristics, and compliance with client investment guidelines and insurance regulatory standards.
• Conduct macroeconomic and market research to inform strategic asset allocation decisions and communicate implications for insurance portfolios.
• Draft investment memoranda, client presentations, and marketing materials for prospective and existing BIS clients.
• Prepare responses and materials for diligence inquiries from regulators, rating agencies, and insurance company stakeholders.
• Construct detailed financial models, scenario analyses, and valuation assessments to support investment recommendations.
• Perform ongoing insurance industry research, including trends in regulation, capital frameworks, asset-liability management, and insurer investment behavior.
• 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
• Equity and other incentive compensation (for certain employees)

What This Job Offers

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