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Blackstone Credit - Middle Office Operations, Insurance Asset Servicing, AVP
myGwork New York, NY (Onsite) Full-Time
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 $951 billion 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, Twitter, and Instagram. Blackstone Credit -Middle Office Operations, Insurance Asset Servicing AVPEmployer: BlackstoneBusiness Unit: Blackstone CreditBusiness Unit Overview: Blackstone Credit is one of the world's largest credit-focused asset managers, with $246 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments. Job Title:Assistant Vice PresidentJob Description: Blackstone Credit is seeking talent to assist in the management of new asset backed securitization structures for various clients, with a focus on our Insurance clients. We are looking for a highly motivated, independent, detail-oriented individual who wants to broaden their knowledge and challenge themselves in a fast-paced, collaborative working environment. AVP level; strong technical background, client facing and will liaise closely with deal teams.Responsibilities:Working on the full life-cycle of Structured Product transactionsAnalyzing collateral data and perform calculations to confirm the accuracy of information reported by asset servicers. Reviewing transaction activity for propriety and adherence to established controls and procedures.Using stratifications and other reporting tools to effectively convey pool characteristics, concentrations, distributions, and risks. Proactively determine missing, incomplete, and inaccurate informationCollaborating with Investment team to discuss liquidity needsAssisting with accounting/financial reporting research and validationData Verification of Portfolios Underlying Assets, Analytics and cashflow modelling for various prepayment and default scenariosVerification of collateral balances and monitoring of performance ratios of the collateralAssisting in monthly tie-outs/quarterly waterfall reconciliationsCalculating and verifying cash flow waterfalls and payment amountsResearching and resolving discrepancies uncovered during our verificationReviewing controlling legal documents related to contractual dutiesSupporting clients by maintaining and providing prompt and accurate servicer to external clients and internal departmentsPerforming adhoc requests from portfolio managers and trading desk, providing guidance as needIdentifying process gaps, develop solutions, and consistently look to drive efficiency improvementsQualifications:Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. The successful candidate should have:5+ years of experience with various securitized productsExperience with insurance clients is a plusStrong analytical skills and detail orientedAbility to work in a dynamic, fast-paced environment and handle multiple projectsPossesses a strong work ethic, personal and professional integrity, a positive attitudeHighly organizedStrong communication skills both written and verbalStrong excel skillsThe 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:$130,000 - $165,000Actual 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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.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; andAdvising 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. This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.
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