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, we are looking for a highly organized and motivated Loan Settlement professional to join our team. Our ideal candidate will have extensive knowledge of the loan closing process, as well as the ability to work under tight deadlines and manage multiple tasks simultaneously. The candidate will have a comprehensive understanding of the LSTA loan settlement process, participations, as well as the ability to problem-solve and prioritize. A strong eye for detail and the ability to handle competing priorities are essential. We are seeking a candidate who is able to work independently, as well as collaboratively in a team and larger group setting. The successful candidate must possess outstanding interpersonal and communication skills and the ability to adapt in a dynamic environment.

Job Title:  BXCI – Investment Operations –Loan Settlement Professional – Associate

Responsibilities: 

Managing the closing of par and distressed LSTA loan tradesWorking directly with our counterparts and agents to settle trades expeditiously and resolve any issues that arise during the settlement process to avoid delaysCoordinate with traders on high priority transactions and ad hoc inquiriesCollaborate with multiple teams within Investment Operations groupAbility to work closely with business teams to resolve queries and provide first level serviceLiaise with our KYC team to ensure unsettled trades are always progressingUtilize strong interpersonal and communications skills to effectively perform all daily responsibilitiesManage high priority and time-sensitive requests with internal and external stakeholdersReview credit agreements for operational informationIdentify process gaps, perform root cause analysis, and help design solutions to support the streamlining of related work processes

Requirements:

Bachelor’s/University degree or equivalent experience3+ years of experience settling LSTA par loans (primary and secondary)Strong skills in Clearpar Settlement PlatformLoan servicing skills (paydowns, rollovers and rate sets) preferredCommercial awarenessStrong verbal and written communication skills as the role requires engaging with multiple stakeholders, both internal and external.High attention to detailResults oriented, deadline driven and resourceful person who thrives in a dynamic environment while maintaining a strong attention to detail.Proficiency in MS Office (Excel, Word & PowerPoint).

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 - $140,000

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 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.