Senior Private Credit Business Development Professional – 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 Senior Private Credit Business Development Professional in New York, US. refer job details to submit BlackRock job application in New York.

 

Job Title : Senior Private Credit Business Development Professional

Location : New York, US

Job Category: Investment Professionals – Investments

 

Description

About this role

The Business:

About BlackRock Alternative Investors
Charged with establishing BlackRock as clients’ preeminent partner in alternative investing globally, BlackRock Alternative Investors (BAI) is one of the top five largest alternative asset managers in the world today. We are active in all asset classes and connect them in ways other firms can’t match, operating on an integrated platform consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you’ll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you’ll be invited to continue building the platform that is shaping the future of Alts investing by creating and evolving innovative investment ideas and tech solutions on a team that continuously outperforms – setting new standards.

Grow your career with the firm that’s building tomorrow’s alternatives platform, backed by a purpose that drives positive outcomes for our clients, our investments and the communities we serve.

The private credit business development team’s role is to foster (i) greater depth of client relationships, (ii) specific and extensive “private credit” product level experience, and (iii) a differentiated service element in order to help BlackRock meaningfully and more rapidly increase its footprint in a rapidly growing and increasingly competitive private credit asset class. It will do so by leveraging the team’s demonstrated product expertise, proprietary and long-tenured client relationships and proven history of executing successful private credit fundraises. The business unit, which focuses primarily on outward client-facing engagement, incorporates two core (and complementary) functions, each of which require experienced and robust product knowledge: (1) fundraising (from both existing and prospective clients) and (2) service of existing clients.

This individual will be responsible for the delivery of efficient fundraising and/or client service execution in order to meet the objective of promoting growth and development of our Private Credit business. This hire will have a meaningful impact on the team’s day-to-day achievement of its goals through raising client funds and meeting client needs.

Key Responsibilities:

Work in close partnership with BlackRock’s Institutional and Retail Client Business teams, Credit Portfolio Managers, Alternative Specialists and Product Strategists to provide coordinated client coverage
Responsible for raising meaningful capital for the firm’s Private Credit Strategies
May assume responsibility for client coverage on a regional/national basis or for certain types of clients and assign similar responsibilities to more junior professionals
Extensive working knowledge of all factors affecting a fundraise including meaningful input to firm decision-making regarding strategies for which we are seeking to raise capital, planning and developing the most saleable narrative, identifying key re-up clients and prospective clients, determining cadence and timing of our client approach, working directly with clients and collaborating internally to raise client capital, working through complex issues involving structure/tax/legal, negotiating all core documents in concert with L&C, and closing client commitments into our funds
Identifies unique opportunities to expand our Private Credit business through product adjacencies that add value to the platform (and do not conflict directly with other existing strategies)
Identifies larger mandate opportunities that may help establish relationships or expand relationships with more significant size clients (fund-of-one, multi-strategy mandates, etc.)
Serves as an ambassador for the firm and is viewed by client/consultants as a senior-level BLK representative
Attends (when appropriate) industry events/conferences and is capable of joining in a speaking/presenting role to represent BLK
Demonstrates strong working knowledge of key market trends and developments

Skills/Qualifications:

Extensive experience in and knowledge of the asset management industry, specifically a deep knowledge of the different credit strategies; demonstrated successful experience in raising capital across a broad array of clients

Capacity to move fluently between clients, relationship managers and portfolio managers to provide value added perspective and deliverables
Proven sales background – a smart, articulate and highly motivated
Understanding of key drivers of success and a working knowledge of our competitors.
Ability to effectively execute on decisions in a fast-paced environment
Ability to demonstrate clear insight into key issues in the global markets affecting institutional investors from both an investment, client service and regulatory perspective
Strong intellectual ability and interpersonal skills to establish credibility with the senior leaders of the Firm.
Ability to lead by example with high ethical standards and a strong work ethic

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.

Our hybrid work pilot

BlackRock’s current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what’s important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our “One BlackRock” culture means you’ll be supported to collaborate with your new colleagues while bringing your full self to work – wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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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