Asset Allocation Senior Associate

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:

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.

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.