Blackstone Credit and Insurance - Private Credit Strategies– Senior Associate

Blackstone is the world’s largest alternative asset manager, delivering compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. With over $1.3 trillion in assets under management, Blackstone’s global investment strategies include real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.

About the Business Group

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. 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. BXCI generates attractive risk-adjusted returns by providing companies with capital to strengthen and grow their businesses. It is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through world-class capabilities in investment-grade private credit.

Responsibilities

• Draft investment memos detailing potential take-privates, the investment merits/risks, and a financial model for the deal.
• Model company historical financials obtained from annual/quarterly filings.
• Draft business quality pages analyzing the risks of the business.
• Invest in technology companies, leveraging an intimate understanding of operational aspects and the rationale behind tech products.
• Make adjustments to EBITDA and create lender models based on a fundamental understanding of accounting.
• Perform financial decision-making applicable to investments in stocks, bonds, and real estate.
• Structure deals with debt, preferred equity, equity co-invest, or warrants.
• Perform other duties as needed.

Qualifications

Education: Bachelor’s degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field required.

Experience: Minimum of 5 years of experience in the job offered or related occupations.

Alternate Experience/Education: In lieu of a Bachelor’s degree plus 5 years of experience, a Master’s degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field plus 2 years of experience is acceptable.

• 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, and analyzing data rooms and third-party market and financial diligence materials. (Experience can be concurrent.)

The duties and responsibilities described are not exhaustive; additional assignments may be required and may change at any time at Blackstone’s discretion.

Pay

Expected annual base salary range: $183,000 - $215,000. Actual base salary will be determined by individual experience, skills, qualifications, and job location. For roles outside the US, salary will follow a separate compensation process based on local market comparables.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s discretion.