Blackstone Credit and Insurance - Private Credit Strategies– Senior Associate

Blackstone • San Francisco, CA

3d • $183,000 - $215,000

About The Position

The Senior Associate will work within Blackstone Credit and Insurance’s Private Credit Strategies team, investing primarily in technology companies. The role involves assessing potential take-private transactions and other software investments, evaluating business quality, investment merits and risks, building detailed financial and credit models, and structuring deals. The position requires an understanding of company operations, technology products, accounting, and financial decision-making across investment types.

The role requires a bachelor’s degree in Finance, Financial Engineering, Management Science, or a related field and at least five years of relevant experience. Alternatively, the employer will accept a related master’s degree and at least two years of relevant experience. Additional experience requirements include building and auditing software credit models in Excel, preparing investment committee materials and deal updates in PowerPoint, and conducting end-to-end diligence for software investments. Experience requirements may be concurrent.

Blackstone Credit & Insurance invests across credit markets and provides investment management services for insurers, including capabilities in investment-grade private credit. The position may require certain securities licenses depending on the duties performed. The expected annual base salary range is $183,000 to $215,000; actual pay depends on factors including experience, skills, qualifications, and job location. Additional compensation and benefits include comprehensive health benefits, paid time off, life insurance, a 401(k) plan, discretionary bonuses, and possible equity or other incentive compensation for eligible employees.

Requirements

• Bachelor’s degree or foreign equivalent in Finance, Financial Engineering, Management Science, or a related field, plus at least five years of experience in the job offered or related occupations; alternatively, a related master’s degree or foreign equivalent plus at least two years of such experience.
• At least two 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 two years of experience using Microsoft PowerPoint to prepare investment committee materials and deal updates summarizing diligence findings, key risks, and proposed structuring and terms.
• At least two 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 on potential take-private transactions, covering investment merits, risks, and deal financial models.
• Model historical company financials using annual and quarterly filings.
• Prepare business-quality analyses that assess business risks.
• Invest primarily in technology companies, applying an understanding of company operations and the rationale behind technology products.
• Adjust EBITDA and create lender models based on a fundamental understanding of accounting.
• Perform financial decision-making applicable to different forms of investment, including stocks, bonds, and real estate.
• Structure deals using debt and, as appropriate, 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

What This Job Offers

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