Expense Team Associate - Blackstone Credit & Insurance

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.
 

Business Unit Overview:

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.

Job Title:

Expense Team–Associate

Job Description:       

The Expense Team Associate will support all aspects of the BXCI Expense Team.  We are looking for a candidate who is eager highly motivated.  A background in Accounting or Finance is a plus but not required.  The associate will provide support in the day-to-day management of expense software (EAS), allocate expenses across clients and funds, and manage special projects. 

Responsibilities:

• Maintain inventory of services and allocation procedures
• Troubleshoot to identify system discrepancies related to duplicate and unallocated expenses
• Allocate market data and technology expenses
• Perform finance groups’ review of expenses for approval or rejection
• Oversee offshore team for various projects and manage their day-to-day tasks
• Serve as a Project Manager for areas that require process improvement, requiring creating project plans, suggesting areas where increased efficiencies can be achieved and liaising with Technology, Legal, Finance and other Business Units to drive projects to completion
• Analyze Legal and Compliance guidance for incorporation into Expense Allocation System (EAS)
• Maintain and update EAS rules for consistent and auditable expense allocation
• Oversee segments of deal expense invoicing

Qualifications:

Candidates should exhibit strong technical and analytical skills as well as exceptional communication skills. Candidates should be motivated, team-oriented individuals committed to finding innovative solutions who thrive on challenge in dynamic environment. This role requires someone who can learn effectively, work independently and pivot in response to shifting priorities.  Candidates must have fundamental knowledge of business and finance concepts in order to support a wide variety of functions as the team’s work touches on many aspects of the business.  The individual must be able to identify and troubleshoot risk.  We are looking for an ambitious candidate who can master a myriad of tasks.

• 4 years of relevant experience
• Must be detail-oriented
• Skillful in identifying and troubleshooting risk
• Effectively multiple tasks at once and identify priorities in a dynamic environment
• Ability to switch tasks in order to support a wide variety of functions
• Proficiency in Excel
• Experience with EAS Software and Oracle is a plus, but not required
• Excellent verbal and written communication skills
• Ability to summarize issues, develop recommendations and make decisions
• Proactive and takes initiative

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 : $105,000 - $140,000