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 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 (“BXCI”)– Sales, Principal
Business Unit:
Blackstone Credit & Insurance (“BXCI”)
Job Title:
Principal
Job Description:
Blackstone is seeking a business development professional to drive the capital raising efforts across the third-party insurance LP channel. The responsibilities of this professional will include:
· Obtaining capital commitments and driving investor relations and business development objectives to ensure successful execution of strategies across all of Blackstone’s products.
· Establishing and maintaining both existing and new, prospective relationships.
· Understanding and articulating Blackstone’s products and fund strategies in great depth.
· Working closely with Blackstone’s Insurance team to effectively communicate to prospective clients the Firm’s insurance-specific offerings across alternative funds and SMA offerings.
· Applying knowledge of credit markets and institutional portfolios to help identify new product development opportunities and structuring needs.
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. The successful candidate should have:
· 8+ years’ experience calling on Intermediary and/or Institutional clients.
· Proven track record of raising assets, developing relationships and identifying new business opportunities, with a preference for insurance general accounts.
· Undergraduate degree is required. CFA designation and/or MBA preferred.
· Strong product and structuring knowledge, with an emphasis on private credit. Ability to effectively communicate and differentiate the Blackstone value proposition and the role it can play in portfolio construction and addressing insurers liability needs.
· Strong relationship management skills. Ability to identify client needs and position Blackstone as a solution.
· Willingness to travel to create deep client engagement.
· Strong work ethic, strong technical expertise, organization, entrepreneurial, and intellectual curiosity
· The ability to foster strong working relationships with portfolio managers and broader Blackstone sales teams.
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:
$135,000 - $200,000
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:
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.
