Blackstone Credit & Insurance Blackstone Credit & Insurance ("BXCI") is one of the world's leading credit investors. Our investments span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based 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.
Responsibilities:- Manage and process the lifecycle of private loans and securities, ensuring accuracy and timeliness in all processing stages. This includes, but is not limited to, processing of new drawdowns, paydowns, PIK, amendments, interest, and fees for syndicated and bilateral deals.
- Act as a first point of escalation to both internal and external stakeholders.
- Understand accounting knowledge such as PNL, realized and unrealized, FX PNL, accrued interest on various assets being processed by the team.
- Oversee as needed the day-to-day activities of the global team in order to ensure tasks are fully complete, timely, and accurate. Review and action incorrect PNL changes.
- Collaborate with team members across multiple locations and departments to anticipate, reconcile, and resolve issues on a daily basis related to cash or position activity.
- Liaise with both internal and external parties (e.g., portfolio managers, Finance, Administrators, trustees, etc.) to ensure that SLAs are being met, including through the timely response to any queries and resolution of any issues. Utilize effective communication to provide clear direction as needed.
- Be responsible for routine operational tasks focused on creating and maintaining defined procedures and resolving complex problems that require investigation or research.
- Identify process gaps, perform root cause analyses, design and execute on creative solutions to support process streamlining with focus on promoting efficiency and enhancing our risk controls.
- Provide ongoing training and support for new team members as needed.
- Help to promote a professional culture focused on appropriate risk management and process efficiency across teams in multiple locations.
- Appropriately demonstrate consideration for Blackstone's reputation, clients, and assets by driving compliance with applicable laws, rules, and regulations, adhering to policies, applying sound ethical judgment regarding behavior, conduct, and business practices, and escalating, managing and reporting control issues with transparency.
Requirements:- Bachelor's/University degree or equivalent experience.
- Strong technical knowledge of various credit financial instruments including but not limited to private loans, revolvers, bonds, and equities
- 7+ years of experience in bank debt operations is required.
- Previous experience with Advent Geneva is required.
- Previous knowledge of fund structures is preferred.
- Hands-on experience with reconciliations and lifecycle management of loans and securities.
- Strong problem solving and analytical skills; effectively analyzes problems.
- Strong leadership skills with proven record of effective execution and driving accountability.
- Excellent team player, who collaborates effectively across all levels of the firm.
- Strong risk and control mindset; escalates effectively.
- Strong verbal and written communication skills as the role requires engagement with multiple stakeholders, both internal and external.
- Proficiency and comfort with using MS Office (Excel, Word & PowerPoint). For Excel, leverage functions including, but not limited to VLOOKUP, Pivot Table, and IF functionality.
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.
Expected annual base salary range:$160,000 - $250,000
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 offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.
