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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Blackstone Credit:

Blackstone Credit is one of the world’s largest credit-focused asset managers, with $257 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.

The Liquid Credit Strategies group (LCS) manages diversified portfolios of credits, primarily consisting of senior secured floating rate bank loans of non-investment grade leveraged companies. LCS also invests opportunistically across the capital structure in instruments including mezzanine debt, high yield bonds, distressed securities, convertible bonds, preferred stock and other credit-related instruments. The group manages and sub-advises over 75 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs managed by selected third parties.

Job Description:

The LCS Credit Analyst is an integral part of the credit research team responsible for identifying, analyzing and monitoring credits across all of LCS portfolios. The Credit Analyst will conduct fundamental credit and legal analysis to (a) proactively manage a designated portfolio of credits and, (b) consider new opportunities for presentation to Investment Committee. The job also requires the Credit Analyst to assist the senior credit analysts from time to time and also assist in the completion of internal reports.

You will be required to conduct the credit analysis of potential leverage opportunities, review due diligence, prepare a credit application & financial model for investment committee, make recommendations to senior management, review (and negotiate) legal documentation. You will be responsible for the on-going monitoring of a portfolio of credits with particular emphasis on identifying early risk situations and taking the appropriate action.

The Credit Analyst will develop both quantitative and qualitative skills through the investment process and will have the opportunity to gain exposure to a wide range of industries and investment types. As a result of the breadth of the experience, the Credit Analyst will develop a unique understanding of companies and capital structures.

Responsibilities:

Diligently monitor a portfolio of credits including recent news, monthly/ quarterly/ annual financial statements, ratings changes, Amendments and Waivers. Attendance at bank meetings. Effectively communicate refreshed credit view and recommendations.
Also proactively manage the portfolio of credits to support relative value based trade ideas (maintain a current view on the industry, key macro themes, sector risks and opportunities, industry leaders and laggards, etc.)
Review and negotiate loan documentation with arrangers and sponsors
Evaluate new investments in the Primary and Secondary Markets by (a) performing thorough analysis of the due diligence information on the Borrower’s business, industry drivers, inherent credit risks, asset valuation and (b) developing a financial model to assess the Borrower’s ability to service debt, as well as evaluate recovery prospects.
Formulate a clear and concise credit view and persuasively communicate recommendations to the Investment Committee both verbally and in writing.
Actively seek to support other team members when they have a heavy workload.
Complete internal reports, as required, on a timely and accurate basis.
Such other responsibilities as you may be assigned from time-to-time.

Qualifications:

3-5 years of experience, ideally from a CLO platform, credit-oriented fund manager or leverage finance desk
Advanced Excel user and familiarity with data query/data management tools.
Ability and desire to understand complex transaction-oriented credits.
Strong communication skills with the ability and gravitas to present credibly, challenge and probe and to engage with varied and senior stakeholders
Highly organised, goal oriented and solutions focused

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.

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.

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.

LCS Credit, Sr. Associate, Dublin

Job Description