Blackstone Credit & Insurance(BXCI) - Treasury & Liquidity Management– Assistant Vice President

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, Twitter, and Instagram.
 

Blackstone Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.  

Within BXCI, the Blackstone Credit & Insurance Treasury team manages cash and portfolio financing for BDCs, drawdown funds and structured products funds investing in privately originated debt, bank loans, corporate bonds, structured credit and high yield debt. Primary responsibilities include: cash management, wire control and funding; portfolio financing and capital optimization; liquidity risk assessment, collateral management and counterparty risk exposure management; relationship management of bank and financing counterparties; regulatory and investor reporting; cash forecasting; systems implementation.

Job Title: BXCI – Treasury & Liquidity Management – Assistant Vice President

Responsibilities

• Coordinate with Deal Coordination team/Investor Client Services/Global Fund Finance on funding mechanics – using cash on hand, leverage facility (ABL or subscription line), capital call, line of credit
• Daily management of cash and liquidity activities for the various entities, including credit facility draws, repayments and interest/waterfall payments
• Forecast cash flow, borrowing needs and available funds for investments
• Develop and prepare liquidity analysis tools
• Ensure timely execution of wire payments adhering to strict cut-off times
• Review cash movement activity, including wire instructions and agent notices
• Partner closely with BXCI deal team, fund finance team and capital formations team on Treasury needs globally
• Manage resources in our Center of Excellence (CoE) in India and provide hands on support to Treasury team
• Oversee margin reconciliations and resolution of breaks; work with counterparties and internal partners to resolve disputes and reconciliations
• Provide middle and back-office support for deal funding and trade settlements
• Manage and update internal/external standard settlement instructions as required
• Coordinate account opening and KYC refreshes with our banking partners
• Assist on new business initiatives and any special projects that may arise
• Identify process gaps, perform root cause analysis, and help to design solutions to support the streamlining of related work processes

Requirements

• Bachelor’s/University degree or equivalent experience
• Familiarity with credit facilities and borrowing base calculations for asset-based and subscription financing lines and experience managing operational aspects of the credit facilities
• Experience leading activities including new system implementations, enhancements, modifications, integrations, and project management
• Product knowledge in fixed income, bank debt and private credit
• Previous experience using Treasury Management System and SWIFT payment processing and reporting
• Previous experience using Geneva or other accounting systems preferred
• Previous experience in alternative asset management with a  focus on credit investments
• Demonstrated ability to quickly learn new systems and processes
• Demonstrated ability to enhance current process and drive improvements
• Results oriented, deadline driven and resourceful person who thrives in a dynamic environment while maintaining a strong attention to detail
• Proven record of strong teamwork, including the ability to build and maintain strong working relationships across various business groups; effective in forming coalitions and networks
• Proficient with Microsoft Office Suite, including advanced Excel, Word and PowerPoint
• Strong risk and control mindset.
• Strong verbal and written communication skills as the role requires engagement multiple stakeholders, both internal and external.

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: 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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.

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.

Salary : $125,000 - $185,000