Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Associate

Blackstone Real Estate Debt Strategies

Blackstone Real Estate Debt Strategies (“BREDS”) is the largest alternative asset manager of real estate credit with $78 billion of investor capital under management. Serving institutional, insurance, and individual investors, BREDS originates loans and makes debt investments across global private and public real estate credit markets and across the capital structure and risk spectrum. BREDS also manages Blackstone Mortgage Trust (NYSE: BXMT), a publicly-traded commercial mortgage REIT, and is a fully integrated part of the Blackstone Real Estate platform, the largest owner of commercial real estate globally. 

Job Title: Blackstone Real Estate Debt Strategies (BREDS) Finance & Operations, Associate

Job Description:

The BREDS Operations team is responsible for executing new investment and capital markets transactions across the BREDS business, as well as overseeing daily portfolio activities and cash flows.  This position is ideal for candidates with strong technical, organizational, and communication skills who are looking to make an impact in a dynamic environment.

• Assist with the operations of approximately $78 billion in BREDS AUM and related transactions, including the firm’s publicly listed REIT BXMT, private fund structures, single managed accounts, business development company, and insurance vehicles. 
• Partner with investment professionals, asset management, portfolio management, internal and external counsel, and BREDS Finance teams to execute investment transactions and financing strategies.
• Oversee aspects of servicing and onboarding performed by a dedicated portfolio company and offshore operations team. 
• Execute investment funding activities with the BREDS asset management team, including treasury, debt financing, and foreign currency considerations.
• Help manage the operations of credit facilities across multiple BREDS vehicles, including processing future funding advances, repayments, compliance reporting, covenant monitoring, and fee calculations.
• Liaise with BREDS asset managers and the servicing and onboarding team through various loan lifecycle events, including modifications, extensions, workouts, and repayments.

• Review monthly and quarterly investment portfolio analytics and prepare reporting and insights for senior management.

Qualifications:

• Bachelor’s degree in finance, accounting, or a similar discipline (CFA and/or CPA is a plus).
• 3+ years of relevant experience in public accounting, transaction services, private equity funds, consulting, or other relevant real estate debt roles.
• Self-motivated with a strong work ethic and exceptional attention to detail.
• Excellent oral and written communication skills.
• Strong technology skills with a proactive and innovative mindset.
• Proficiency in Microsoft Excel is required.

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:

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 roleconsist 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.