2027 Blackstone Credit and Insurance, Asset Management Summer Analyst

Blackstone • New York, NY

6d • $110,000 - $110,000 • Onsite

About The Position

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 & 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. Job Description The position offers significant exposure to complex restructurings, stakeholder negotiations, control investing, and active ownership situations. The Summer Analyst Program will help you develop a differentiated skill set at the intersection of credit, private equity, and operations. Blackstone Credit & Insurance’s Asset Management group mobilizes resources to preserve investor capital and enhance investment returns in challenging situations. Once assets that are or could be challenged are identified, BXCI’s Asset Management team has dual responsibilities: The team focuses on the restructuring and re-underwriting of troubled or underperforming BXCI Private Credit Strategies (“PCS”) 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.

Requirements

• Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, and have demonstrated excellence in prior endeavors.
• In addition to strong analytical and quantitative skills, a successful candidate will meet the following qualifications:
• Prior experience in finance, investment banking, restructuring, or consulting preferred
• Strong interest in restructuring
• Excellent interpersonal and communication skills, both written and verbal
• Strong performance under pressure in a lean team environment
• Highly organized, with the initiative to multitask and work with limited supervision as a member of a team
• Strong accounting and financial modeling skills; past experience modeling and evaluating transactions is preferred but not required
• Excellent technical proficiency in Excel
• Prior experience preparing presentation materials using PowerPoint
• Excellent attention to detail and good professional judgment
• Resourcefulness, intellectual curiosity, and strong work ethic
• 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

Responsibilities

• Assisting with the structuring and negotiation of restructuring transactions, including modeling and evaluating various types of deal structures
• 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
• Researching industry trends, competitive landscapes, and regulatory environments to inform strategic decision-making for control / significant minority equity positions
• Monitoring watch list credit positions, including building cash flow forecasts and delivering recurring updates on performance
• Monitoring existing equity positions, meeting with management teams of portfolio companies and attending board meetings
• Reporting on the progress of turnaround initiatives, providing regular updates to BXCI senior-level management on key financial metrics, operational milestones, and risk factors
• Partnering with portfolio company management teams to produce materials for quarterly watchlist reviews with the Blackstone executive team
• Reviewing credit agreements and other loan documentation, and assisting with the preparation of transaction documentation for active processes
• Thinking creatively about ways to optimize the team’s existing processes

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed