Blackstone Credit & Insurance(BXCI) Reconciliations - Vice President

Blackstone

• $150K — $250K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 10 years in financial services with reconciliation experience
  • Strong knowledge of credit and insurance products
  • University degree in business, finance, or related field
  • Exceptional communication and project management skills
  • Ability to work independently and collaboratively with minimal supervision

Responsibilities

  • Manage design and implementation of automated reconciliation platform
  • Implement enhanced completeness controls and measures
  • Identify gaps in reconciliation processes and deliver solutions
  • Develop training materials for offshore teams to improve performance
  • Track key risks and identify inefficiencies through automation
  • Coordinate regular audits and address quality assurance findings
  • Lead creation of risk and control presentation materials

Benefits

  • Comprehensive health benefits (medical, dental, vision)
  • Paid time off
  • Life insurance
  • 401(k) plan
  • Discretionary bonuses
  • Potential eligibility for equity and other incentive compensation
Full Job Description
Job Title: BXCI Reconciliation - Vice President

Position Overview:

Blackstone Credit & Insurance (BXCI) stands as a premier global credit investor, boasting a portfolio that encompasses private investment grade, asset-based lending, public investment grade, high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending, and opportunistic credit. Our mission is to deliver attractive risk-adjusted returns for both institutional and individual investors while empowering companies with the capital necessary for growth and resilience. BXCI also excels in providing investment management services for insurers, leveraging our expertise in investment-grade private credit to enhance their ability to serve policyholders effectively.

The BXCI Reconciliation team plays a pivotal role in supporting and growing our businesses by reconciling, cash and assets held with custodians, trustees and agents, identifying risks and inefficiencies, and ensuring accuracy and timeliness of the firm's books and records. The Reconciliation Vice President will help design, implement, and oversee the operation of the firm's reconciliation framework across a broad range of focus areas including automation, risk management, governance, and performance tracking.

This role presents an exciting opportunity to contribute to BXCI's mission while enhancing our operational control framework and fostering a culture of risk and control awareness throughout the organization.

Key Responsibilities:
• Manage the design, implementation, and change function associated with firm's automated reconciliation platform
• Help design and implement enhanced completeness controls and measures.
• Identify gaps and inconsistencies in the performance of key reconciliation processes and develop and deliver solutions.
• Work closely with our offshore teams to develop training materials to help improve performance and capabilities across the teams.
• Design and implement automated measures to track key risks and identify inefficiencies.
• Manage the coordination of regular audit and quality assurance testing and play a leadership role in addressing related findings.
• Identify area for control and efficiency improvements across a wide range of reconciliation tasks and processes.
• Lead the creation and development of risk and control-related presentation materials for various governance forums.
• Cultivate and maintain strong relationships with key stakeholders across the organization, including business units, risk management teams, offshore teams, and senior leadership.
• Foster collaborative partnerships with the business
• Undertake special projects and additional duties as required.

Education & Experience:
• A minimum of 10 years of experience in the financial services industry with direct experience with reconciliation processes.
• Strong working knowledge of credit and insurance products
• A university degree in business, finance, or a related field or equivalent experience.
• Exceptional communication, analytical, organizational, and project management skills.
• Communicate clearly and effectively, both verbally and in writing, with all levels of the organization, including process owners, corporate functions, internal auditors, and senior management.
• A strong team player who is receptive to listening, understanding, and collaborating with senior management when introducing new ideas or change recommendations.
• Work independently with minimal supervision.

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:

$150,000 - $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.

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