Strategic Partners GP Stakes Spend Management Operations, Analyst

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Strategic Partners – GP Stakes Spend Management Operations, Analyst

Employer:

Blackstone

Business Unit:

Strategic Partners

Business Unit Overview:

Blackstone GP Stakes manages approximately $11 billion of AUM and acquires minority ownership interests in leading private equity firms (“GPs”). This is a direct private equity investment strategy focused on alternative asset management as a sector, benefiting from strong secular trends in capital allocation toward private-market alternative assets and employing Blackstone’s disciplined and value-oriented “core” approach to investing. We seek to invest in institutionalized GPs with a competitive edge, where we are well-positioned to deliver strategic value by leveraging the broader Blackstone platform. Investments may be effectuated through a variety of structures, techniques and instruments such as common, preferred or structured equity.

Job Title:

Analyst

Job Description:

The Operations Analyst is charged with supporting the deployment of the Blackstone Spend Management Platform to Blackstone GP Stakes PE affiliates and their respective portfolios. Broad responsibilities include managing internal/external bi-weekly/monthly/quarterly reporting at the PE/portfolio company level, tracking PE affiliate/portfolio company activity in Salesforce, driving utilization of the global procurement platform through significant portfolio company interaction via weekly project management calls and email communications, interacting with preferred vendor partners to help resolve any challenges and other activities including business presentations and spend/savings reporting.

The Operations Analyst will interface daily with Blackstone GP Stakes PE Affiliate portfolios, the GP Stakes Investment Team, the Portfolio Operations Group and vendor partners. The Operations Analyst will be exposed to many different value creating initiatives across many diverse industries and regions. This requires strong analytical and quantitative skills, excellent communication and interpersonal skills, detailed project management, and general business knowledge including analyzing financial data and operating metrics. Travel will be required on an as needed basis.

Additional responsibilities include:

Provide continuous support to specific portfolio companies including bi-weekly project management calls with portfolio companies, PE affiliates and preferred vendors.

Identify opportunities for engagement, manage vendor introductions and ensure project execution within portfolio companies to leverage the Purchasing Platform.

Provide quantitative and qualitative analysis of the key initiatives across the GP Stakes portfolio including bi-weekly, monthly and quarterly performance reporting, group purchasing program execution metrics, cross selling results and other functional initiatives.

Extensively use Salesforce to help manage portfolio company data, track status of every procurement project, develop enhancements to the tool and maintain contacts across all PE affiliates and portfolio companies.

Help drive the group purchasing initiative including working with the portfolio companies’ senior procurement/IT/HR/Marketing/Operations/Finance and other functions during the execution stage resolving issues, expanding utilization interfacing with our group purchasing 75+ vendor partners to ensure their performance.

Ability to extensively use the Ariba software spend visibility tool help analyze and identify additional procurement opportunities.

Develop deep understanding of the eSourcing solution to help drive portfolio company engagement to leverage the Blackstone Sourcing Center.

Support expansion of new purchasing categories globally working with the Portfolio Operations Team. Current scope includes 75+ categories across 900+ portfolio companies.

Respond to on going daily data requests from PE Affiliates, companies and GP Stakes Investment team.

Support developing an annual CPO Leadership Conference and other functional events across PE affiliates to continue to foster program expansion and best practice sharing.

Help identify and support process improvement opportunities.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the candidate will have 2+ years’ work experience at a highly competitive company within the industry, at a consulting company or an accounting firm preferably in an operating environment, ideally supporting operational improvement initiatives and working with clients.

The successful candidate should have:

Familiarity with data visualization tools such as MS PowerPoint, Tableau, and Power BI

An understanding of competitive cost analysis

Superb interpersonal skills with excellent written and verbal communication on strategic, financial and operational areas

Well organized and disciplined approach to work effort and project management

Active listening skills with the intellectual agility to integrate new information and develop recommendations

Establishing fact-based recommendations and decision making

Ability to work independently if needed and navigate a dynamic environment including partnership with various people to accomplish key initiatives

Confidence to interface with senior executives across many functional business areas

An undergraduate degree, preferably with a focus in engineering, operations, economics, accounting/finance, or business management.

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:

$110,000 - $125,000

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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 email Human Resources at .

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.

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