Blackstone Credit & Insurance (BXCI) – Private Asset Servicing, VP

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 direct lending, opportunistic, CLOs, high yield, infrastructure and asset-based 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. Responsibilities: Manage and process the lifecycle of private loans and securities, ensuring accuracy and timeliness in all processing stages. This includes, but is not limited to, processing of new drawdowns, paydowns, PIK, amendments, interest, and fees for syndicated and bilateral deals. Act as a first point of escalation to both internal and external stakeholders. Understand accounting knowledge such as PNL, realized and unrealized, FX PNL, accrued interest on various assets being processed by the team. Oversee as needed the day-to-day activities of the global team in order to ensure tasks are fully complete, timely, and accurate. Review and action incorrect PNL changes. Collaborate with team members across multiple locations and departments to anticipate, reconcile, and resolve issues on a daily basis related to cash or position activity. Liaise with both internal and external parties (e.g., portfolio managers, Finance, Administrators, trustees, etc.) to ensure that SLAs are being met, including through the timely response to any queries and resolution of any issues. Utilize effective communication to provide clear direction as needed. Be responsible for routine operational tasks focused on creating and maintaining defined procedures and resolving complex problems that require investigation or research. Identify process gaps, perform root cause analyses, design and execute on creative solutions to support process streamlining with focus on promoting efficiency and enhancing our risk controls. Provide ongoing training and support for new team members as needed. Help to promote a professional culture focused on appropriate risk managem...