Job Description: Blackstone is seeking an Investment Associate to join the BXCI Insurance Acquisition & Partnerships team focused on the global insurance sector. This team is responsible for sourcing, evaluating, structuring, and executing strategic transactions across the global insurance landscape on behalf of dedicated funds, perpetual capital vehicles, and the firm's balance sheet. The role offers exposure to complex, high-impact transactions at the intersection of insurance, investments, and private capital markets. Associates play an integral role throughout the investment lifecycle and work directly with senior professionals across multiple live opportunities simultaneously. The ideal candidate will bring deep expertise in life and annuity insurance, deal modeling, insurance company valuation, investments, and fixed income securities combined with strong analytical rigor, commercial judgment, and a collaborative mindset.
Responsibilities:
- Build and maintain sophisticated insurance company transaction models, including detailed asset and liability forecasting
- Develop dynamic excel based analytics to evaluate acquisitions, reinsurance and sidecar transactions, and strategic partnerships
- Analyze and structure flow and block reinsurance opportunities, including pricing, capital impacts, and liability optimization
- Evaluate fixed income portfolios and incorporate investment assumptions into transaction analytics and forecasting models
- Assess insurance company financials, reserve frameworks, and capital structures across U.S., Bermuda, Solvency II, and ICS regimes
- Prepare investment committee materials, presentations, and memoranda for senior stakeholders and investment committees
- Translate complex insurance and actuarial concepts into clear, actionable insights for non-insurance investors
- Partner closely with investment professionals, actuaries, and external advisors throughout transaction execution
Qualifications:Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:
- Bachelor's degree in Finance, Accounting, Economics, Business, Actuarial Science, Mathematics, Engineering, or another quantitative discipline
- 2+ years of relevant experience within insurance, reinsurance, asset management, investment banking, private equity, advisory, or other financial services environments
- Strong understanding of life and annuity insurance products, insurance company economics, and balance sheet dynamics
- Experience evaluating or modeling insurance transactions, reinsurance structures, M&A opportunities, or strategic partnerships
- Familiarity with insurance accounting and regulatory frameworks, including U.S. Statutory accounting, GAAP, Bermuda EBS, Solvency II, and/or Insurance Capital Standards
- Strong analytical and financial modeling capabilities, including experience forecasting insurance company financials, reserves, capital, and investment portfolios
- Knowledge of fixed income markets, asset-liability management, and insurance investment strategies
- Experience synthesizing complex quantitative analyses into clear investment recommendations and presentations
- Strong communication, project management, and interpersonal skills with experience working in fast-paced, collaborative environments
- Advanced proficiency in Excel; experience with VBA, actuarial modeling tools, or programming languages is a plus
- FSA, CFA, CPA, MBA, or other relevant professional designation is valued but not required
- Prior experience working with financial sponsors, institutional investors, or transaction teams is preferred
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:$125,000 - $160,000
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.
