Core Portfolio Management – Private Credit – Associate – Los Angeles

Full-time @BlackRock in Investment Professionals – Investments jobs
  • Los Angeles, US View on Map
  • Apply Before : November 3, 2022
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Job Description

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

 

Job Title : Core Portfolio Management – Private Credit – Associate

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 inventing 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.

BlackRock’s Global Credit business manages assets across high yield, leverage loans, CLOs, middle market private debt, opportunistic and distressed strategies. With funds dedicated toward both public and private opportunities, we seek to achieve attractive risk-adjusted returns across a variety of strategies and geographies. The Global Credit team leverages the depth and breadth of the platform to create differentiated offerings for clients and increasingly collaborates with clients to deliver customized investment solutions spanning the credit spectrum.

The Blackrock Alternative Investors (BAI) Core Portfolio Management team (“Core PM”) is responsible for implementing investment decisions across BAI product, while also providing oversight of BAI’s governance model and adherence to BlackRock investment best practices.

BAI is seeking a dedicated professional to join its Private Credit Core PM team focused on overseeing the ongoing management of complex credit mandates and collaborating with teams across the platform, including investment professionals, product strategists, and business operations to deliver differentiated target outcomes for our clients. Specific responsibilities include, but are not limited to:

Responsibilities:

Work closely with senior portfolio managers to calculate and coordinate investment allocations for all funds on the platform and confirm adherence to Allocation Policy (e.g. investment guideline compliance, portfolio construction targets, etc.)
Create and maintain daily, monthly, and periodic portfolio reporting for investment teams (position level details, available capital, forecast of cash flows, incorporate PM views into portfolio implementation, maintain compliance reporting against investment guidelines)
Complete pre-trade compliance checks across all portfolios and mandates (e.g. check side letters and/or IMAs to confirm potential investment does not breach any agreed terms or investment guidelines)
Develop and maintain relationships with key BlackRock operational professionals (e.g., legal, tax, trading operations, portfolio compliance, pricing, cash ops, bank loans, derivative operations and fund administration)
Anticipate and resolve operational issues arising during the evolving investment processes (e.g., trade execution, settlement, portfolio compliance, hedging, etc.)

Deal management

Model, monitor and document portfolio allocations and coordinate internal approvals
Monitor and track fund & investment level deployment and performance metrics (e.g. IRR and MOIC)

Cash management

Monitor liquidity for all private funds, including cash forecasting, borrowing capability, and dry powder.
Recommend distributions and capital calls to portfolio managers
Oversee the ongoing management of subscription lines and leverage facilities to ensure they are used optimally
Partner with operations and investment analysts to ensure correct booking of interest payments, repayments of capital, and fee collection from underlying investments and through portfolio structure

Qualifications:

Strong academic background and ideally 5+ years of private markets experience
Self-motivated with ability to operate with modest oversight
Strong organizational and project management skills
Candidate must be comfortable owning the spectrum of oversight functions for credit mandates, including portfolio management overlays and operational procedures
Strong attention to detail and ability to multi-task
Candidate must be able to collaborate extensively across teams and think innovatively around ways to improve existing processes
Proficiency in Microsoft Excel, including knowledge of advanced functions (knowledge of VBA is not required, but will be viewed positively)
Experience with Aladdin software will be viewed positively
Experience with leveraged finance, direct lending, closed-ended portfolio management or structed product will be viewed positively
Experience in Python, R, and SQL will be viewed positively, but not required

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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