Associate, Opportunistic Credit – New York

Full-time @BlackRock in Investment Professionals – Investments jobs
  • New York, US View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Associate, Opportunistic Credit in New York, US. refer job details to submit BlackRock job application in New York.

 

Job Title : Associate, Opportunistic Credit

Location : New York, US

Job Category: Investment Professionals – Investments

 

Description

About this role

The Opportunistic Credit Team at BlackRock manages ~$6 billion of capital within BlackRock’s Alternatives division, with the team split between the New York and London offices. With funds dedicated toward both public (liquid hedge fund / secondary) and private (illiquid / private) opportunities, we seek to achieve attractive risk-adjusted returns in the mid- to high-teens range, via a flexible mandate to deploy capital into investments spanning a wide range of industries, geographies, and stages of company life. Transactions can include special situations investments, distressed debt, senior secured loans, subordinated debt, mezzanine loans, asset / project financing, convertible debt, preferred equity, equity warrants, common equity, credit derivatives, or any combination of the above. The team leverages its industry expertise, proprietary networks of the investment professionals, and the larger BlackRock platform to source unique and differentiated investment opportunities.

The Opportunistic Credit team is hiring an associate to join the team in New York. The Associate will be responsible for assisting senior investment professionals in the sourcing / underwriting of investments in both the private and public markets across the capital structure (credit/equity) in a variety of situations. The Associate will be an integral part of a small team of highly qualified investment professionals and involved in all aspects of the investment process.

Responsibilities:

Support senior members of the investment team with analysis across multiple sectors and asset classes

Development of long-term, well researched theses on credits or sectors through stand-alone independent research regardless of market consensus

Collaborate on due diligence, development of investment theses, and creation of investment memoranda to present to portfolio managers and the Investment Committee

Flexibility to look at proprietary (private) origination as well as secondary trading (public market) opportunities

Prepare detailed financial models on current and potential investment opportunities

Actively monitor portfolio investments and industry dynamics

Clearly communicate opinions and investment recommendations to the team

Qualifications:

Strong academic background and 1 – 4 years of corporate finance experience in buyside investing, investment banking, investment research, or restructuring advisory

Self-motivated with ability to operate with modest oversight on small deal teams (2-3 professionals)

Strong foundation in financial accounting, analysis and modeling.  Candidates should be able to prepare detailed financial models for a variety of investing situations

Strong analytical ability & intellectual curiosity around the investment process, spanning a wide range of industries

Candidate must be comfortable participating and presenting in internal discussions, Investment Committee meetings, diligence meetings with senior management teams, and discussions with industry sources, sell-side analysts, and other professionals

Candidate must be able to work in collegial, team-oriented environment

Experience investing across the capital structure, from secured debt through equity, will be viewed positively

Experience with event-driven, leveraged finance, credit underwriting, value investing, stressed/distressed strategies, will be viewed positively

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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