BXCI, Investment Operations – Assistant Vice President

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

Blackstone Credit & Insurance (BXCI) is one of the world’s leading credit investors. This operations role will work closely with Treasury, Accounting, Investor Relations and Legal & Compliance teams to support Investment Management in its execution and management of private securitization transactions. This deal coordinator role will work with both internal and external parties on a day-to-day basis on deal closings, tracking, reporting and ad-hoc inquiries. The team will also be focused on integrating information flows across the portfolio which involves bespoke projects as well as a number of initiatives involving technology and business analytics. This role involves significant coordination across various teams within Blackstone Real Estate and requires strong securitization knowledge as well as business acumen, professionalism and communication skills.

Responsibilities

• Coordinate Private Credit deal closings with internal (Deal investment teams, Legal, Treasury, Finance, Processing teams) and external (Lenders, counsel, Administrative Agents) parties to ensure a smooth closing process.
• Serve as the day-to-day point of contact for internal teams and external clients in order to proactively manage existing portfolio of complex structured loans and residential mortgage transactions.
• Gain a comprehensive understanding of the structure of each deal in order to provide oversight to offshore support team and assist with amendments or changes to deal lifecycle processes.
• Monitor new borrowing requests, review flow of funds, and coordinate borrowings for existing transactions.
• Prepare capital calls for clients regarding new deals and delayed draws in accordance with each client’s Investment Management Agreement (IMA) guidelines to communicate final deal numbers to clients in a timely manner.
• Manage pipeline reporting, ability to multi-task and execute tasks in a short timeline.
• Create and maintain Standard Operating Procedures (SOPs) to ensure best practice.
• Identify process gaps, perform root cause analysis, design and execute upon creative solutions to support processes streamlining with focus on promoting efficiency and enhancing our risk controls.
• Appropriately demonstrate consideration for Blackstone’s reputation, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications

• Bachelor’s degree in Business, Finance, Economics, Accounting.
• 4+ years of relevant work experience.
• Strong knowledge of fixed income securities, Asset Based Finance, and Private loans.
• Strong knowledge of Microsoft Excel.
• Excellent data handling skills and ability to model complex securities and their P&L.
• Familiarity with Advent Geneva (Portfolio Accounting System) is a plus.
• Excellent team player, who can collaborate effectively across all levels of the firm.
• Strong risk and control mindset, including ability to escalate effectively.
• Strong verbal and written communication skills as the role requires engagement with multiple stakeholders, including external clients.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following: Attending client meetings where you are discussing Blackstone products and/or client questions; Marketing Blackstone funds to new or existing clients; Supervising or training securities licensed employees; Structuring or creating Blackstone funds/products; and Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not exhaustive and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.