Blackstone Credit - Liquid Credit Strategies - Business Development Associate
Company: The Blackstone Group L.P.
Location: New York
Posted on: March 20, 2023
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Job Description:
Blackstone Credit - Liquid Credit Strategies - Business
Development Associate page is loaded Blackstone Credit - Liquid
Credit Strategies - Business Development Associate Apply locations
New York time type Full time posted on Posted Yesterday job
requisition id 26429 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 - Liquid Credit Strategies, Business Development
Associate -Business Unit: Credit -Business Unit Description:
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:
Associate -Job Description:
The Liquid Credit Strategies Team ("LCS") manages $100B in AUM
across diversified portfolios of (fixed income) debt investments,
primarily consisting of senior secured floating rate bank loans and
high yield bonds of non-investment grade companies. The group
manages and sub-advises 143 funds accounts in US and Europe,
including Collateralized Loan Obligations, Separately Managed
Accounts, Commingled Funds, Closed End Funds and Business
Development Companies. LCS also invests in the debt and equity
tranches of CLOs.The Business Development Associate will help
support and oversee relationships across a multitude of
distribution partners, placement agents, internal distribution
channels and consultants. The role also involves providing support
to portfolio managers as they market our strategies, including
refining product positioning and client materials by incorporating
input from their client discussions. Responsibilities also include
the coordination of PM travel with various client facing channels
to ensure regular roadshows and effective meetings when in
region.The role also involves reporting progress on oversight and
fundraising goals to senior management as well as oversight and
implementation of key business development and business operations
initiatives across the LCS platform. This role involves significant
coordination across various teams within Blackstone Credit
including Portfolio Management, Institutional Client Solutions,
Finance and Middle Office. The hire is part of a new team and will
require proactiveness to propose new initiatives and flexibility to
adapt to the business' evolving needs and growth strategy.The
Associate will contribute to and work with the broader LCS business
to:--- Research, analyze and make recommendations regarding
business and product opportunities across client segments and
geographies
--- Review progress of fundraising targets in various channels
against results and identify inefficiencies
--- Collaborate with internal stakeholders and project manage/drive
execution of new initiatives
--- Perform ongoing analysis and diligence to formulate business
plan, design products (returns, risk, cash flows, liquidity,
structure, tax, operations), and assess financial impact to the
firm
--- Support operational implementation of new product and other
strategic initiatives across the Credit functional teams
--- Work with Institutional Client Solutions in the development of
marketing presentations for new products
--- Research competitive landscape including strategies and product
structures
--- Prepare presentations and memorandums for management and other
key stakeholders
--- Perform ad hoc analyses and work on special projects as
needed
Qualifications:
Blackstone seeks to hire individuals who work well in a team-driven
working group, are highly motivated, intelligent, have sound
judgment and have demonstrated excellence in prior endeavors.
The successful candidate must have:--- Prior Investment Banking
(Credit or Asset Management) or Product Development / Fund
management experience preferred
--- At least 4 years of related experience
--- Undergraduate degree in Finance, Accounting or Economics with
strong academic record -
--- Self-starter, highly organized, and detail-oriented
--- Ability to be a collaborative team player
--- Strong proficiency in Microsoft Excel and Microsoft
PowerPoint
--- Ability to adapt to new challenges in a dynamic environment
while handling multiple projects -
--- Possesses a strong work ethic, personal and professional
integrity, a positive attitude and genuine passion for
excellence
--- Strong desire to work in an entrepreneurial environment
--- Excellent interpersonal and communication skills, both written
and verbal
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: $120,000 - $125,000 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: 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:
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
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Posted 30+ Days Ago About Us At Blackstone, we look to attract and
retain the brightest minds in the business, hiring professionals
across a wide range of disciplines. Our employees are integral to
the firm's identity, contributing to a culture of integrity,
professionalism and excellence. It is their dedication and passion
for their work that has helped Blackstone become a trusted partner
for some of the largest institutional investors in the world.We
encourage independent thinking and reward initiative, while
providing services to help employees grow professionally. Our
global business platform and brand reputation provide an
unparalleled launch pad for growing your career.
Keywords: The Blackstone Group L.P., New York , Blackstone Credit - Liquid Credit Strategies - Business Development Associate, Accounting, Auditing , New York, New York
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