About this roleDepartment Description The Strategic Fund Financing team focuses on sourcing and optimizing credit facilities across the PFS platform. These include asset-backed facilities secured by HPS fund investments, subscription facilities secured by capital commitments from HPS investors, as well as more bespoke financings.
Position Description HPS is currently seeking to recruit an Associate level candidate to join the Strategic Fund Financing team in New York, NY to support the PFS platform. The individual should be highly organized with strong attention to detail. They should have the ability to meet strict deadlines, as well as work independently and as part of a team. A desire for a fast-paced environment is crucial.
Responsibilities - Specific responsibilities will include but not be limited to the following:
- Manage compliance with credit facility terms, including ongoing Borrowing Base compliance
- Coordinate with Legal and Business Development on new fund pipeline and investor requests
- Source term sheets for new opportunities
- Amend agreements or refinance where necessary to stay current on market terms
- Manage various existing asset warehousing arrangements
- Coordinate with operational teams with respect to mechanics of facility closings and daily monitoring
- Review and compare leverage across funds to ensure leverage targets are met
- Review fund investments for inclusion in asset facilities
- Manage loan approval process with lenders
Candidate Profile- Graduate with a bachelor's degree in Finance or related field
- 3-7 years of experience in financial services industry
- Understanding of credit facilities and/or CLOs
- Understanding of bank loans
- Proficient in excel and outlook
For New York, NY Only the salary range for this position is USD$105,000.00 - USD$135,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefitsTo help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work modelBlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
Guidance on AI use for candidatesAt BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided
guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
