Portfolio Management – Valuation & Analytics, Associate

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.

Job Description:

The Portfolio Management - Valuations & Analytics team is looking for an Associate to support stakeholders in the Blackstone Strategic Partners (“BSP”) and Blackstone Credit & Insurance (“BXCI”) groups. The core focus of the group is to prepare, evaluate, analyze, and summarize portfolio investment valuation results for BSP secondary funds and BXCI’s insurance deals.

• Review partners’ capital (“PCAP”) statements, aggregate results, analyze trends, and present performance of secondary funds
• Prepare presentations, memos, and ad hoc analyses for senior leaders
• Apply valuation methodologies in line with Blackstone’s valuation policy as well as requisite external guidance
• Attend valuation committee meetings and other meetings with senior stakeholders and present to leaders in Finance, BSP, and BXCI
• Become a subject matter expert in secondary and insurance fund models, performance metrics, and valuations
• Drive the onboarding process for technology and offshore team members and ensure proper data collection procedures are in place
• Coordinate valuation reviews with third-party valuation firms and respond to third-party firm inquiries
• Assist in the presentation of valuation results to various internal committees, external auditors, and limited partners
• Work closely with BSP’s and BXCI’s respective finance teams to provide inputs as well as other portfolio investment information to aid in the completion of business forecasts and other planning deliverables
• Maintain relationships with core constituencies including Asset Management, deal professionals, Investor Relations, Operations, Accounting, and Finance teams

Qualifications:

• Bachelor’s Degree in Finance, Economics, Accounting, or similar discipline (CFA and/or CPA a plus)
• 3+ years of private valuation experience in transaction services, a private equity fund, hedge fund or third-party valuation services provider or a comparable role
• Capability to work in a dynamic environment that requires execution of recurring deliverables as well as projects and initiatives in support of a growing business
• Understanding of ASC 820 and corresponding valuation guidance. In-depth understanding of the discounted cash flow model and market multiples
• Strong interpersonal skills, high EQ, and proven capability to handle interactions with deal professionals, Asset Management, and portfolio company representatives
• Excellent oral and written communication skills. Confidence presenting to large groups of individuals
• Proficiency in MS Excel and MS PowerPoint is required
• Proficiency in iLevel, 73 Strings, or a similar platform is a plus

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:

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 bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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.

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.
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