About this role
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock offers a range of solutions - from meticulous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
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Elevate your career by joining the world's largest asset manager! Thrive in an environment that cultivates positive relationships and recognizes outstanding performance! We know you want to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and actively engage your involvement in our success.
BlackRock's Fixed Income team manages more than $1 trillion in global fixed income assets across index, active long-only, alternative, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest array of investment choices across model-based and fundamental investment styles.
BlackRock's Securitized Assets Team is seeking a Vice-President level candidate responsible for managing end-to-end Transaction Management on all aspects of ABF securitizations, loan acquisitions, financing transactions and other private placements and bespoke transactions. The Transaction Manager will work closely together with Portfolio Managers, Traders, internal/external legal teams, servicers, originators, sell-side partners, and others.
The ideal candidate will have significant experience executing private transactions across a variety of consumer, esoteric, and commercial asset-based sectors.
RESPONSIBILITIES:
- Manage all transactional aspects of the end-to-end process of negotiating, structuring and closing asset-based finance transactions
- Read, negotiate, and provide comments on Private Placement Memorandums (PPMs), term sheets, Loan Purchase Agreements (LPAs), Master Servicing Agreements and other governing documents.
- Ensure that all legal aspects of loan/bond closings are being handled properly and timely by internal and outside counsel. Analyze, track and explain changes in the deal docs to PMs and traders.
- Coordinate transaction due diligence, documentation & closing. Assist in settlement policies/procedures, documentation, and pricing reconciliations.
- Review and respond to requests related to settlement and other issue resolutions.
- Create investment committee deal memos, presentations, and other related materials.
- Work with Portfolio Managers to present trades, provide trade updates and other topics to internal and external teams.
- Liaise with Legal, Accounting, Operations, Compliance and Risk departments on various transactions
- Perform other duties as assigned or requested
REQUIRED QUALIFICATIONS:
- Minimum of 7 years' work experience, preferably in investment banking, insurance, or asset management
- 3-5 years of relevant work experience in structuring and executing private transactions through full lifecycle
- Experience in cashflow modeling and structuring across multiple ABF sectors
- Superior and proven organizational skills in order to handle multiple complex transactions simultaneously
- Demonstrated ability to effectively communicate with both internal and external stakeholders, peers, and management
- Client focused and team player
- Problem-solving attitude
- Highly organized and attentive to detail
- Bachelor's degree
- Proficient in Word, PowerPoint, and Excel
PREFERRED QUALIFICATIONS:
- Experience across various ABF collateral types (commercial and consumer) - specifically structuring to achieve long-term capital efficiency for insurance clients
- Prior experience generating collateral performance assumptions, evaluating credit risk and negotiating deal terms
- Demonstrated ability to source, underwrite, document, and monitor transactions
- Master's degree; Law degree a plus
- Experience with Intex and/or dv01
For New York, NY Only the salary range for this position is USD$155,000.00 - USD$210,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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 model
BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC's Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.
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.