Blackstone Credit & Insurance - Insurance Acquisition & Partnerships, 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. 

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.

 

 

Job Description: 

Blackstone is seeking an Investment Associate to join the BXCI Insurance Acquisition & Partnerships team focused on the global insurance sector. This team is responsible for sourcing, evaluating, structuring, and executing strategic transactions across the global insurance landscape on behalf of dedicated funds, perpetual capital vehicles, and the firm’s balance sheet. The role offers exposure to complex, high-impact transactions at the intersection of insurance, investments, and private capital markets. Associates play an integral role throughout the investment lifecycle and work directly with senior professionals across multiple live opportunities simultaneously. The ideal candidate will bring deep expertise in life and annuity insurance, deal modeling, insurance company valuation, investments, and fixed income securities combined with strong analytical rigor, commercial judgment, and a collaborative mindset.

 

Responsibilities:

• Build and maintain sophisticated insurance company transaction models, including detailed asset and liability forecasting
• Develop dynamic excel based analytics to evaluate acquisitions, reinsurance and sidecar transactions, and strategic partnerships
• Analyze and structure flow and block reinsurance opportunities, including pricing, capital impacts, and liability optimization
• Evaluate fixed income portfolios and incorporate investment assumptions into transaction analytics and forecasting models
• Assess insurance company financials, reserve frameworks, and capital structures across U.S., Bermuda, Solvency II, and ICS regimes
• Prepare investment committee materials, presentations, and memoranda for senior stakeholders and investment committees
• Translate complex insurance and actuarial concepts into clear, actionable insights for non-insurance investors
• Partner closely with investment professionals, actuaries, and external advisors throughout transaction execution

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, Business, Actuarial Science, Mathematics, Engineering, or another quantitative discipline
• 2+ years of relevant experience within insurance, reinsurance, asset management, investment banking, private equity, advisory, or other financial services environments
• Strong understanding of life and annuity insurance products, insurance company economics, and balance sheet dynamics
• Experience evaluating or modeling insurance transactions, reinsurance structures, M&A opportunities, or strategic partnerships
• Familiarity with insurance accounting and regulatory frameworks, including U.S. Statutory accounting, GAAP, Bermuda EBS, Solvency II, and/or Insurance Capital Standards
• Strong analytical and financial modeling capabilities, including experience forecasting insurance company financials, reserves, capital, and investment portfolios
• Knowledge of fixed income markets, asset-liability management, and insurance investment strategies
• Experience synthesizing complex quantitative analyses into clear investment recommendations and presentations
• Strong communication, project management, and interpersonal skills with experience working in fast-paced, collaborative environments
• Advanced proficiency in Excel; experience with VBA, actuarial modeling tools, or programming languages is a plus
• FSA, CFA, CPA, MBA, or other relevant professional designation is valued but not required
• Prior experience working with financial sponsors, institutional investors, or transaction teams is preferred

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:

$125,000 - $160,000

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 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.