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.
 

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Blackstone Credit & Insurance 

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based credit. Within BXCI, the 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.

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 time

• Review cash movement activity, including wire instructions and agent notices

• 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, design and execute upon creative solutions to support processes streamlining with focus on promoting efficiency and enhancing our risk controls. 

• Provide ongoing training and support for new team members as needed.

Requirements

• 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 appreciated.

• Previous experience with alternative asset management company focused on credit investments

• Proficient with Microsoft Office Suite, including Advanced Excel, Word and PowerPoint

• Demonstrated ability to quickly learn new systems and processes

• Demonstrated ability to enhance current process and drive improvements

• Ability to multitask in a fast-paced environment with multiple priorities

• Ability to build and maintain strong working relationships across various business groups; effective in forming coalitions and networks.

• Excellent team player, who can collaborate effectively across all levels of the firm.

• Strong risk and control mindset, including ability to escalate effectively.

• 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.

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.