Blackstone Credit & Insurance (BXCI) - Asset Based Finance Operations, VP

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Business Unit Overview:     

Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has $196 billion of investor capital under management. Blackstone is one of the largest property owners in the world, owning and operating assets across every major geography and sector, including logistics, multifamily and single-family housing, office, hospitality and retail. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ strategy invests in substantially stabilized real estate globally through regional open-ended funds focused on high-quality assets and Blackstone Real Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in U.S. income-generating assets. Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT). 

Job Description:

The Asset Operations team: oversees all operational aspects of the private client mandates (Revolver, Delayed Draw, Term Loans, ABS, CMBS, Privately Originated Loan) from trade input, settlement, to the on-going asset servicing life cycle events.  The role will be client facing and liaising closely with deal teams.

Responsibilities:

• Manage, process and provide oversight of the lifecycle of loans, ensuring accuracy, timeliness and adherence to the firm’s risk and control framework in all processing stages.

• Act as a first point of escalation for internal and external stakeholders.

• Lead the setup of new structures within the private whole loan space.

• Support clients by maintaining and providing prompt and accurate service to external clients and internal departments.

• Interact with clients and agents on position updates or trade related issues.

• Provide allocations to clients on all securities to ensure proper funding and settlement.

• Review daily cash and position reconciliations, with a focus on assisting with break resolution.

• Research and resolve transaction breaks between internal system and custodians.

• Monitor private deal pipeline to ensure client liquidity, operational readiness, and timely fundings.

• Identify process gaps, perform root cause analysis, design and execute upon creative solutions to support streamlining processes with a focus on promoting efficiency and enhancing our risk controls. 

• Provide ongoing training and support for new team members as needed, with a strong focus on enabling a strong culture of risk and controls and excellent client service.

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:

• 7+ years of experience in structured products or a middle-office operations role.

• Working knowledge of security operations with loans, fixed income products, private assets, and the trade lifecycle.

• Strong analytical skills and detail oriented.

• Works effectively in a fast-paced dynamic environment while handling multiple projects.

• Strong work ethic, professional integrity, and a positive attitude.

• Strong teamwork skills; works well across multiple levels of the organization.

• Strong Excel Skills.

• Knowledge of Geneva is preferred, but not mandatory.

• Persuasive and advocates through strong communication skills, both verbal and written.

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 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.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.