Blackstone · 15 hours ago
Blackstone Credit & Insurance - Asset Management, Senior Associate
New York
Full-time
Onsite
Mid, Senior Level
$160K/yr - $215K/yr
3+ years expBlackstone is the world’s largest alternative asset manager, seeking to create positive economic impact and long-term value for investors. The Senior Associate in Asset Management will focus on restructuring and re-underwriting troubled investments, actively managing portfolios, and driving strategic initiatives to maximize outcomes for investors.
Financial Services
Responsibilities
The team focuses on the restructuring and re-underwriting of troubled or underperforming BXCI Private Credit Strategies investments; working closely with equity owners including sponsors, management, creditors, and other stakeholders to preserve and enhance value through balance sheet restructurings, liquidity solutions, and interim credit relief amendments; and
Where these processes result in BXCI assuming equity ownership, the role extends into the active ownership and management of a portfolio company, employing a private equity mindset. This includes developing and executing a value creation plan, and partnering with management teams and boards to drive strategic, operational, and financial initiatives, with the objective of maximizing exit outcomes and recoveries
Maintaining significant ownership over assigned situations, including serving as a day-to-day point of contact for portfolio company management, advisors, sponsors, peer lenders, and internal origination teams, and exercising sound judgment in fast-moving, high-stakes environment
Preparing investment memoranda, analyses (with significant emphasis on identifying root causes of underperformance), financial forecasts, and other ad-hoc requests to support real-time decision making related to existing investments
Restructuring of capital structures by developing financial models, identifying optimal financing solutions, and supporting negotiations to enhance liquidity, reduce debt burdens, and secure long-term financial stability for an organization
Providing comprehensive support to management and the board of directors by preparing detailed analyses, strategic recommendations, and facilitating effective decision-making to drive business performance and achieve corporate objectives. This may include participating in due diligence processes for potential add-on acquisitions & divestiture as part of broader restructuring efforts
If required, coordinating the selection and engagement of third-party consultants and service providers for value creation initiatives
Maintaining and enhancing a comprehensive understanding of industry trends, competitive landscapes, and regulatory environments to inform strategic decision-making for control / significant minority equity positions
Driving and reporting on the progress of turnaround initiatives, providing regular updates to BXCI senior-level management on key financial metrics, operational milestones, and risk factors
Qualification
Required
Bachelor's degree in finance, business administration, economics, or a related field; advanced degrees (e.g., MBA) or professional certifications (e.g., CFA, CPA) are a plus, but not required
3+ years of experience in investment banking, restructuring advisory, private equity/private credit, management consulting, or a related field, with a focus on distressed assets or turnaround situations
Demonstrated proficiency in financial modeling, valuation techniques, and scenario analysis; effectively assesses complex financial structures and understands the implications of various restructuring alternatives
Exceptional analytical and quantitative skills; effectively synthesizes large amounts of data into actionable insights and coherent strategies
Strong communication and interpersonal skills, effectively presents analysis and makes recommendations to management teams, boards of directors, and external stakeholders
Proven track record of working collaboratively in a team environment, managing multiple projects simultaneously, and meeting tight deadlines under pressure
Strong EQ; effectively navigates between internal demands and building strong working relationships with management teams
High level of initiative and motivation, with a keen interest in the dynamics of companies and a passion for developing creative solutions to complex problems
Familiarity with industry-specific challenges and opportunities; quickly learns and adapts to new sectors
Experience working on a small team with significant responsibility / independently
Benefits
Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
Paid time off
Life insurance
401(k) plan
Discretionary bonuses
Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
Company
Blackstone
Blackstone is the world’s largest alternative asset manager.
1001-5000 employees
H1B Sponsorship
Blackstone has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (102)
2024 (52)
2023 (44)
2022 (11)
Funding
Current Stage
Late StageLeadership Team
Brad Marshall
Global Head of Private Credit Strategies, Co-CEO of BCRED/BXSL
jesse blackstone
SECURITY & EDUCATION CEO
Recent News
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