Blackstone Credit and Insurance - Private Credit Strategies- Senior Associate

Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Business Group: Blackstone Credit and Insurance Business Group Overview: Blackstone Credit & Insurance ("BXCI") is one of the world's leading credit investors. Our 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. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Job Title:

Blackstone Credit and Insurance - Private Credit Strategies- Senior Associate

Job Responsibilities:

• Draft investment memos detailing potential take-privates, the investment merits / risks and a financial model for the deal.
• Model out company's historical financials, which needs to be obtained from annual/quarterly filings).
• Draft business quality pages, which effectively analyzes the risks of the business.
• Primarily responsible for investing in technology companies utilizing intimate understanding of the operational side of companies, as well as the rationale behind different tech products.
• Make adjustments to EBITDA and create lender models, relying on a fundamental understanding of accounting.
• Perform financial decision making which is applicable to all forms of investment: stocks, bonds, real estate.
• Primarily responsible for structuring deals with debt, as well as using 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 job offered or related occupations required.
• Alternate Experience/Education: In lieu of a Bachelor's degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field plus 5 years of experience in job offered or related occupations, employer will accept a Master's degree (or foreign equivalent) in Finance, Financial Engineering, Management Science, or a related field plus 2 years of experience in job offered or related occupations.
• Experience: 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, analyzing data rooms and third-party market and financial diligence materials.
• Experience can be concurrent.

San Francisco Applicants:

Blackstone will consider for employment qualified applicants with arrest and conviction records, consistent with the San Francisco Fair Chance Ordinance.

Expected annual base salary range:

Expected annual base salary range: $183,000 - $215,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location.

For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits:

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• 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 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. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at View phone number on click.appcast.io (US), View phone number on click.appcast.io (EMEA) or View phone number on click.appcast.io (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 and 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 the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm's identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.