US Private Credit Liability Management – VP – Los Angeles

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

Join leading Investment management company BlackRock as US Private Credit Liability Management – VP in Los Angeles, US. refer job details to submit BlackRock job application in Los Angeles.

 

Job Title : US Private Credit Liability Management – VP

Location : Los Angeles, US

Job Category: Investment Professionals – Investments

 

Description

About this role

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.

Business Unit Overview:

BlackRock offers a range of investment products—equity, fixed income, liquidity and alternative investment—each managed by a dedicated investment team of portfolio managers, research analysts and traders. Focused portfolio management and proprietary research are the cornerstones of our investment philosophy, and portfolio construction is based on each team’s market outlook.

The Global Credit team offers an array of liquid and private credit products designed to meet specific client risk and return profiles. The Global Credit business manages assets across Leveraged Finance, Multi-Strategy Credit, Liquid Alternatives, and Private Credit.

The US Private Credit business is over $20 billion of assets under management and is part of the Global Credit team.  The US Private credit team is focused on providing innovative financial solutions to primary US middle-market companies.  The US Private Credit team has been in the middle-market lending business since June of 2000 and has one of the longest direct lending track records in the business.

Role description

As the Vice President of Liability Management you will partner with senior level portfolio managers and investment professionals with numerous mission critical deliverables to lenders, clients, BlackRock management, Product Strategy, legal, and compliance matters.  Reporting to the Head of Portfolio Construction in the US Direct Lending team, you will have the important responsibility to structure, negotiate, maintain, and portfolio manage leverage facilities. Additionally, you will develop a fundamental understanding of credit investing to ensure the information from investment professionals and portfolio managers are accurate and reliable. Your work and dedication will directly result in the overall success of the firm and fund performance. You will gain invaluable hands on experiences and work in a collaborative environment that rewards hard work and innovative thinking. The ideal candidate will look for solutions to complex problems and be motivated to find solutions to better any and all processes and procedures.

Key responsibilities:

Collaborate with the Senior Portfolio Managers and other portfolio managers, to structure, and execute a variety of bespoke lending facilities
Contribute to the ongoing strategic development of a front-to-back financing platform focusing on mitigating operational risk and positioning the business to scale
Interact on a daily basis with external relationship managers, investment bankers and asset-structuring professionals at a variety of financial intuitions including banks, asset managers and insurance companies.  Maintenance of these relationships on an ongoing basis.
Assist in the onboarding of new lenders and managing credit facilities across the platform, including but not limited to:

Sourcing documents internally for new mandates launching (constituent documents, tax forms, etc)
Working with lenders on negotiating and finalizing legal documentation and other related documentation

Manage the day to day of the leverage facilities which includes but not limited to:

Identifying assets through investment pipeline to optimize leverage facilities
Portfolio managing leverage funds by recommending trade amount for funds
Working with investment team to add assets to approval-based leverage facilities
Maintaining borrowing base files on a daily basis
Compiling and reviewing monthly compliance and distribution reports.

Sourcing investment and collateral information from the respective businesses internally and sharing such with lenders
Answering other day to day credit facility questions both internally and coming inbound from lenders and other 3rd parties
Develop and preserve partnerships with internal and external legal counsel

Skills, experience and education:

7+ years’ experience in financial services, knowledge of credit investments or alternative investments required
Experience in liability management or CLOs
Experience in Direct Lending a major plus
CPA and/or CFA Level 2 or 3 candidate a plus
Strong organizational and project management skills
Numerate, responsive with high attention to detail
Ability to multi-task and work well within a small- team environment, but also shows potential to drive initiatives individually
Motivated team player and flexible in approach with ability to work independently
Excellent written and verbal communication skills; presents ideas in a clear, concise and constructive manner
Execution-focused mindset while preserving basic risk-management principles
Ability to prioritize, working to tight deadlines and flexible to meet workload
Keen to question, challenge and improve
A methodical thinker able to resolve complex issues daily
Strong academic background
Must be fluent in English

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.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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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