Blackstone Credit & Insurance - Asset Allocation – Senior Associate

About this role

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow @blackstone on  LinkedIn ,  X (Twitter) , and  Instagram .  Business Group: Blackstone Credit & Insurance   Business Group Overview: 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.

Job Title: Blackstone Credit & Insurance - Asset Allocation – Senior Associate

Job Responsibilities: • Serve as a key member of BXCI’s investment team, responsible for delivering Blackstone’s investment management expertise and product capabilities to insurance company clients. • Play a central part in shaping asset allocation frameworks across insurance portfolios, integrating Blackstone’s broad investment platform into cohesive, insurer-focused solutions that align with regulatory, capital, and liability considerations. • Build and manage a multi-asset investment solutions capability for insurance companies by collaborating closely with Blackstone’s Business Units to design and implement customized, insurer-specific portfolio solutions. • Partner with asset management teams across the Blackstone platform to develop a deep understanding of the firm’s investment strategies and how they can be applied within insurance balance sheets. • Lead asset allocation analysis across public and private asset classes, incorporating insurer constraints such as capital efficiency, liquidity, duration, and regulatory requirements. • Review and monitor portfolio performance, risk characteristics, and compliance with client investment guidelines and insurance regulatory standards. • Conduct macroeconomic and market research to inform strategic asset allocation decisions and communicate implications for insurance portfolios. • Draft investment memoranda, client presentations, and marketing materials for prospective and existing BIS clients. • Prepare responses and materials for diligence inquiries from regulators, rating agencies, and insurance company stakeholders. • Construct detailed financial models, scenario analyses, and valuation assessments to support investment recommendations. • Perform ongoing insurance industry research, including trends in regulation, capital frameworks, asset-liability management, and insurer investment behavior. • Perform other duties as needed.

Qualifications:

Education: • Bachelor’s degree (or foreign equivalent) in Finance, Statistics, Mathematics, or a related field required.

Experience: • Minimum of 4 years of experience in job offered or related occupations required.

Experience: • Minimum of 3 years of experience analyzing investment performance and market trends utilizing Microsoft Excel. • Minimum of 3 years of experience performing financial due diligence and statistical analysis using large market data sets to support investment modeling. • Minimum of 3 years of experience building and customizing financial models to reflect transaction-specific and market-driven scenario analysis. • Minimum of 3 years of experience conducting financial forecasting, market scenario analysis, and stress testing. • Minimum of 3 years of experience performing financial due diligence for investment and portfolio evaluation. • Minimum of 2 years of experience trading and investing across asset classes, including fixed income, as well as futures, forwards, options, swaps, and fund vehicles. • Minimum of 2 years of experience executing strategic and tactical investment decisions based on fund-specific, regulatory, and market-related considerations. • Minimum of 2 years of experience managing portfolio risk across multiple client portfolios, including insurance clients, including exposure, currency, and cash management. • Minimum of 2 years of experience with derivative-based strategies to enhance overall portfolio risk management for clients. • Minimum of 2 years of experience reviewing new portfolio designs, investment strategies, and model portfolios. • Minimum of 2 years of experience serving as project lead for complex portfolio initiatives, including onboarding new client mandates, portfolio launches, and portfolio repositioning. • Minimum of 2 years of experience leading projects to enhance investing and risk management processes, infrastructure, and analytical frameworks to improve team oversight of portfolio management activities. • Experience can be concurrent.

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:

$160,000 - $215,000 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 ba

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