Blackstone Credit & Insurance - Asset Allocation – Senior Associate

About the role

Blackstone is the world’s largest alternative asset manager, seeking to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors, and we are looking for a Senior Associate to join our investment team.

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.
• Build and manage a multi-asset investment solutions capability for insurance companies by collaborating closely with Blackstone’s Business Units.
• 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 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.

Qualifications

• Bachelor’s degree (or foreign equivalent) in Finance, Statistics, Mathematics, or a related field required.
• Minimum of 4 years of experience in a related occupation 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 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 managing portfolio risk across multiple client portfolios, including insurance clients, including exposure, currency, and cash management.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.

Pay

Expected annual base salary range: $160,000 - $215,000. Actual base salary within that range will be determined by several components, including experience, skills, qualifications, and job location.