Global Treasury – Treasury Capital Markets – Associate (Fund Finance)

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.
 

Job Title: Global Treasury – Treasury Capital Markets – Associate (Fund Finance)

Job Description: The Treasury Capital Markets team leads funding and risk management initiatives for both Blackstone as a Firm, and the Funds that Blackstone manages. The team’s broad responsibilities include: debt capital markets, credit facility structuring, and FX and interest rate risk management. The Associate role will focus primarily on subscription and NAV backed finance and credit/debt capital markets initiatives for BX:

• Support the structuring and negotiation of subscription and NAV backed lines of credit for Blackstone and its Funds
• Support syndication and execution processes for credit facilities across the portfolio
• Collaborate with BX business lines to assess their current and future liquidity needs and work with banking partners to secure financing
• Execute the issuance of letters of credit for Blackstone and its Funds
• Coordinate with banking counterparties as well as internal stakeholders on day-to-day credit line borrowing and repayment activities
• Monitor, control and ensure that all line of credit loan activity is accurately captured and processed in the Treasury Management System and review/authorize the release of all principal, interest and fee payments.
• Oversee the reconciliation of monthly and quarterly interest payments for the entire credit line universe
• Produce regular month-end/quarter-end reporting and assist with any ad-hoc inquiries from deal teams and finance personnel
• Participate in the implementation of automation initiatives across the Treasury platform working with counterparts in Operations, Finance and Technology
• Provide coaching and oversight to the offshore support team with a focus on efficiency, transparency and control.

Qualifications:

• Bachelor’s Degree in Finance, Economics, Accounting or a quantitative discipline with a strong GPA and minimum of 4 years of experience in an origination, credit or operational role
• Prior Fund Finance experience (in an origination, portfolio management or operational capacity) is preferred
• Ability to work in a dynamic environment and handle multiple projects while prioritizing deliverables and meeting demanding deadlines in support of a growing/evolving business
• Strong interpersonal skills, high EQ, and the ability to confidently and competently handle interactions with banks, investment professionals, business COOs / operations teams, and senior management
• Desire to drive process transformation and automate manual processes
• Highly proficient in Excel, PowerPoint and Word; experience with Anaplan or Tableau or VBA a plus

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 - $150,000

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 [email protected].

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.
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