Blackstone Credit & Insurance - ABF Residential, Associate

Blackstone Job Opportunity

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.

Business Unit Overview : Infrastructure & Asset-Based Credit

Blackstone Credit & Insurance is one of the largest credit asset managers in the world and is a leading investor in structured credit through its Infrastructure & Asset-Based Credit ("IABC") platform. IABC employs a broad strategy with investments across infrastructure debt, asset-based lending, sustainable resources, and corporate solutions through both private and public markets. IABC targets investments across multiple key sectors including residential credit, energy transition, infrastructure, consumer & commercial finance, along with large corporate companies.

Job Description

The ABF Residential team manages residential credit investments across the capital structure and across a variety of product types (single family rental, non-QM, residential transition loans, etc.). The team specializes in private, complex transactions and scalable partnerships, leveraging diverse structures to achieve attractive returns for a variety of strategies. Due to the team's relatively small size, this is an integral role across the investment process. Primary responsibilities include :

• Conducting due diligence on prospective credit investments, with a focus on residential credit investments, including originator / borrower meetings, industry research, financial modeling, and investment material preparation
• Assisting in the underwriting, onboarding, and monitoring of residential mortgage originators
• Structuring and executing capital markets transactions and RMBS securitizations
• Collaborating with the investment team to underwrite opportunities, leveraging Blackstone's various teams and resources as needed
• Drafting and presenting materials for investment committees
• Monitoring existing investments, including tracking KPI's and continuously challenging the validity of the investment thesis
• Thinking creatively about ways to improve the team's existing processes
• Analyzing and modeling new strategic initiatives and business development opportunities

Qualifications

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition, the successful candidate must meet the following qualifications :

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 : $140,000 - $160,000. 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.

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 :

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.