The posting
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.
Job Title:
Senior Vice President
Job Description:
Blackstone is seeking an experienced insurance regulatory professional to serve as an internal and external subject matter expert for its insurance clients, supporting internal analysis of assets originated for the business’ insurance clients, and assisting those clients in same.
In partnership with the insurance regulatory team and broader insurance-focused team, this individual will play a crucial role in assisting Blackstone and its insurance clients understand and adapt to insurance regulatory policy. This individual will also collaborate closely with Blackstone’s deal teams and legal and compliance function, providing them with expert insights and technical knowledge to support their efforts in delivering tailored solutions to insurance clients.
The ideal candidate will bring deep practical expertise, strong industry knowledge, and excellent communication skills. They will be highly analytical with a diversified understanding of complex alternatives products.
Responsibilities will include:
- Serving as the primary point of contact and subject matter expert on insurance regulatory issues with respect to Blackstone’s full portfolio of private credit and alternative investment funds within the context of the US insurance markets.
- Reviewing Blackstone investments for insurance regulatory issues, advise deal teams and insurance business partners of same, to ensure structures reflect current and emerging regulatory rules.
- Staying abreast of and communicating developments in NAIC and state accounting policy with a focus on implications for Blackstone’s products and insurance clients.
- Acting as liaison on behalf of Blackstone with external insurance regulatory and policy stakeholders, including insurance regulators, trade associations, etc. where appropriate.
- Participating in client meetings, presentations and due diligence processes, demonstrating insurance accounting expertise and building strong client relationships.
Qualifications:
Blackstone is seeking to hire an individual who is highly motivated, intelligent, organized and has demonstrated excellence in prior endeavors. In addition, the successful candidate should have:
- 10+ years of experience in insurance, with experience in alternative investments and private credit.
- Comprehensive understanding of alternative investment vehicles, including private equity, real estate, credit and other relevant products.
- Thorough understanding of NAIC and accounting policy workstreams, strong ability to communicate same to non-insurance regulatory audiences.
- Excellent collaboration skills and proven ability to work effectively across external-facing client relations and business development functions and internal-facing groups (e.g., finance, legal, operations, etc.); ability to translate technical knowledge into actionable insights, supporting client engagement, business development and client servicing efforts.
- Exceptional analytical skills, as the candidate will be responsible for evaluating complex alternative investment products and finding innovative solutions to regulatory questions when appropriate.
- Excellent communication and interpersonal skills for effectively interacting with clients and colleagues, articulating complex investment concepts in a straightforward manner, and building strong professional relationships with internal and external stakeholders.
- Bachelor's degree in finance, economics or a related field 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:
$225,000 - $250,000
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.
