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Blackstone

Blackstone Credit & Insurance - Liquid Credit Strategies, Credit Research Analyst, Principal

  • New York
  • Full-time
  • $215,000 - $250,000
  • Posted

Skills

  • Recruiting
  • Sales
  • Writing

Job description

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow blackstone on  LinkedIn ,  X (Twitter) , and  Instagram .

Blackstone Credit & Insurance (“BXCI”) - Liquid Credit Strategies (“LCS”) Research, Credit Analyst, Principal

Employer:

Blackstone

Business Unit:

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.

The Liquid Credit Strategies Team (“LCS”) manages $127B in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans, high yield and investment grade corporate bonds, and debt and equity tranches of Collateralized Loan Obligations ( CLOs ). The group manages and sub-advises a wide array of funds and accounts in the US and Europe, including CLOs, separately managed accounts, commingled funds, and registered funds.

Job Description:

The LCS credit analyst is an integral part of the investment team.  The credit analyst will conduct fundamental credit analysis to identify attractive investment ideas and proactively communicate recommendations to Portfolio Managers.

The credit analyst will have the opportunity to work with a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures.

Responsibilities include:

•Evaluate new investments in the Primary and Secondary Markets performing thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.
•Formulate a clear and concise credit view in order to persuasively communicate recommendations to the Investment Committee (including CLOs, SMAs, BDCs, and Closed End Funds) both verbally and in writing.
•Diligently monitor companies in the assigned industry segments including recent news, quarterly/annual earnings announcements, ratings changes, and legal requests.
•Update financial models for the assigned portfolio companies on a quarterly basis.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors as well as:

•6 years of relevant work experience, ideally with a corporate credit, public or private equity asset manager, sell-side corporate credit or equity investment research, or an investment bank in an advisory, capital markets or restructuring group.

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:

$215,000 - $250,000

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.

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