You are viewing a preview of this job. Log in or register to view more details about this job.

2027 Blackstone Credit and Insurance, Chief Investment Office Summer Analyst (Asset Allocation, Capital Formation, Structuring)

Blackstone Credit and 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.

Program Description

Blackstone's Summer Analyst Program is a 10-week in-person experience, offering participants extensive exposure across the firm. This program provides Summer Analysts with valuable guidance through mentorship, continuous feedback, technical and soft skill training, networking opportunities with professionals across the firm, and the unique chance to fully immerse themselves in Blackstone's culture.

BXCI Structuring

Blackstone Credit & Insurance (BXCI) is seeking to add a Summer Analyst to its Structuring team within the Office of the Chief Investment Officer (OCIO). The Structuring team is primarily responsible for: (i) creating rated investment vehicles that facilitate capital efficient investing for BXCI clients, (ii) developing structures for new investment strategies, (iii) leading the design and execution of novel investments across BXCI, (iv) liaising with BXCI fundraising teams on capital raising opportunities, and (v) preparing models, analysis, updates and presentations regarding the aforementioned topics. The Summer Analysts will work closely with all OCIO functions, origination teams and across the broader BXCI platform. The team is lean and candidates are expected to work on numerous projects at a time.

Key Responsibilities include, but are not limited to:

Asset / portfolio due diligence

Cash flow modeling

Preparation of Investment Committee materials

Preparation of marketing materials (i.e., fundraising, financing proposals, etc.)

Review and drafting of legal documentation

Management of ratings process

Develop and maintain portfolio management and monitoring tools to support existing investment structures

BXCI Asset Allocation

The Asset Allocation team within the BXCI CIO office delivers Blackstone’s investment management expertise to insurers and multi-asset credit clients, helping those firms meet their investment objectives and drive long-term value. BXCI partners with insurers and other institutional clients to deliver customizable and diversified portfolios of Blackstone products from Blackstone’s credit, real estate, and alternatives platforms, as well as the option for full, outsourced management of clients’ investment portfolios.

Blackstone Credit and Insurance, Asset Allocation offers Summer Analysts the experience on a professional team whose work involves delivering Blackstone’s investment management expertise and products to insurance companies. Summer Analysts at Blackstone have the opportunity to participate in all aspects of investing and can expect to be staffed on a number of transactions at once. Due to the relatively small size of the professional staff, Summer Analysts are expected to assume integral roles on deal teams.

Responsibilities

Support portfolio management team on portfolio construction and asset allocation

Generate reports to track market conditions to inform tactical asset allocation discussions

Partner with portfolio management team to produce materials for investment portfolio reviews

Perform ad hoc portfolio analysis to support needs of insurance clients including M&A activity

Collaborate with Blackstone’s business units to develop bespoke investment solutions across fixed income and alternative products

Construct detailed financial models and valuation analyses

Conduct insurance industry research and analysis

Capital Formation & Capital Markets

The Chief Investment Office, Capital Formation Summer Analyst will work alongside the capital formation team responsible for BXCI’s liability origination, including CLOs, BDC bond issuances, secured debt structures, etc. Responsibilities include performing financial analysis, investment analysis and reporting for potential investments, structured financing, and strategic transactions. The Summer Analyst will assist in the execution of transactions and drafting of presentations and investment committee materials. The Summer Analysts will be exposed to advanced financial modelling, capital markets, credit structures, CLO origination and portfolio investment strategies.

Responsibilities
The Summer Analyst will have the opportunity to participate in all aspects of debt financings, CLO origination and structuring for Blackstone Credit. Responsibilities will include financial analysis, assistance in the execution of transactions and drafting of presentations for internal and external use as well as market research and competitor analysis drafting, as well as the following:

Participate in all aspects of debt financings and structuring for Blackstone Credit & Insurance, including drafting proposals, committee materials, and portfolio analytics

Conduct financial analysis for potential investment opportunities, through market benchmarking, fund economics, and investment strategy

Assist in all phases of a transaction, from initial outreach through final execution, for private and public financing solutions

Assist in preparing ad-hoc materials for senior management/investment committee review

Actively monitor performance of existing financing / structured investment vehicles, and provide regular updates to internal stakeholders and senior management

Work with sophisticated financial models to project future liability needs based on various scenarios and assumptions

Collaborate with the team in proactively managing our rating agency partnerships

Liaise with internal stakeholders on data, reporting, risk, and compliance related matters

Conduct market research and competitor analysis across numerous structures (BDCs, closed end funds, CLOs), and markets (public and private corporate credit, asset-backed credit, etc.)

Assist in preparing quarterly reporting packages for external use

Qualifications

Blackstone Credit & Insurance seek to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors. In addition, the successful candidate must meet the following qualifications:

Strong interpersonal and communication skills, both written and verbal

Strong analytical skills

A desire to work in a team environment with dynamic roles

Sincere commitment to professional development

Excellent attention to detail

Strong work ethic, intellectual curiosity, good professional judgement and contributes positively to a collegial atmosphere

To be considered for the 2027 Summer Analyst Program, applicants must meet the following criteria:

Currently enrolled as an undergraduate student

Anticipated graduation date: Fall 2027 – Spring 2028

Resume must include expected graduation month/year and GPA

Resume must be in PDF format

If you do not meet these criteria, please see Blackstone’s Careers website for other opportunities that may be available, including other entry level positions.