Blackstone Credit and Insurance - Private Credit Strategies– Senior Associate

Blackstone • San Francisco, CA

3d

About The Position

Blackstone Credit & Insurance (BXCI) is a leading credit investor with investments across private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending, and opportunistic credit. BXCI provides companies with capital to strengthen and grow their businesses and offers investment management services to insurers.

The Senior Associate will work in Private Credit Strategies, primarily investing in technology companies. The role involves analyzing company operations and products, evaluating investment merits and risks, modeling financial performance, conducting diligence, and structuring debt and other investment components. The position requires financial decision-making applicable across investment types, including stocks, bonds, and real estate. Additional duties may be assigned.

Requirements

• A bachelor's degree or foreign equivalent in Finance, Financial Engineering, Management Science, or a related field, plus at least 5 years of experience in the job offered or related occupations; alternatively, a master's degree or foreign equivalent in one of those fields plus at least 2 years of relevant experience.
• At least 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 and downside analyses.
• At least 2 years of experience using Microsoft PowerPoint to prepare investment committee materials and deal updates summarizing diligence findings, key risks, and proposed structuring or terms.
• At least 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, and analyzing data rooms and third-party market and financial diligence materials.
• Experience requirements may be concurrent.

Responsibilities

• Draft investment memoranda for potential take-private transactions, covering investment merits, risks, and deal financial models.
• Model company historical financials using information obtained from annual and quarterly filings.
• Prepare business-quality analyses that assess business risks.
• Invest primarily in technology companies, using an intimate understanding of company operations and the rationale behind technology products.
• Make EBITDA adjustments and create lender models using a fundamental understanding of accounting.
• Perform financial decision-making applicable to investments in stocks, bonds, and real estate.
• Structure deals using debt, preferred equity, equity co-investments, or warrants.
• Perform other duties as needed.

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: Senior