Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Portfolio Operations

The Blackstone Portfolio Operations group attracts dedicated senior advisors, industry leading professionals, and passionate operators who are committed to building resilient, successful businesses across the globe. Our team works together with Portfolio Company leadership to develop and implement industry leading strategies in Healthcare, Cybersecurity, Technology and Data Science, ESG and Sustainability, and Spend Management, with an emphasis on Talent Development and Leadership.

The Portfolio Operations Spend Management team supports over 240 global investment vehicles in the flagship Private Equity fund, Core, Tactical Opportunities, Infrastructure, Life Sciences, Energy, and Growth, with access to a Group Purchasing Platform and best in class eSourcing team and Center to unlock value creation and professionalize procurement organizations at those portfolio companies. The Group Purchasing Platform leverages more than $30B of global spend across the Blackstone ecosystem of portfolio companies to drive value creation and differentiated service and quality for more than 75 indirect spend categories.

Job Description

The Associate will lead strategic deployment of the Group Purchasing Spend Management platform and program management of value creation initiatives with portfolio companies across Blackstone’s private equity strategies. They will use strong analytical and quantitative skills, excellent communication and interpersonal skills, detailed project management expertise, and general business knowledge, including financial acumen and familiarity with operating metrics to support C-Suite and executive leadership teams at portfolio companies seeking to accelerate value creation and implement Spend Management best practices for their businesses.  

The Group Purchasing Associate will use foundational procurement experience, including direct negotiation, contract management, relationship management, supplier evaluation, category management, spend analysis, and communication skills to support program development within the Group Purchasing Platform and serve as a Program lead. Blackstone Group Purchasing Program leads are responsible for establishing and driving the Strategy, Quality, Service, and Program development within defined categories of spend across a variety of business functions including Procurement, IT, HR, Finance, Marketing, Legal, Operations and others. They are considered the subject matter expert on current offerings, competing vendors, and market dynamics and tap into Blackstone’s vast ecosystem of experts and advisors for support.  They are also responsible for tracking and addressing their respective vendor service performance across the portfolio companies.

Responsibilities

Lead deployment of Spend Management platform including developing value creation opportunity assessments, conducting due diligence, facilitating vendor connections, and tracking, executing, and summarizing impactCultivate relationships with portfolio company senior and executive leadership teams across all business functions (Procurement/IT/HR/Finance/Legal/Marking/Operations) to identify decision makers and influence best practicesExecute meticulous project management in Salesforce.com, lead cadence check-in calls, manage email communications, and maintain issue resolution between portfolio companies and vendor partnersUse SAP Ariba and other spend visibility tools to identify opportunities for value creation within portfolio companies and across categoriesSupport RFQ/RFPs with portfolio companies using the Spend Management eSourcing solutions and Blackstone Sourcing CenterExercise negotiation, relationship management, and communication skills to develop, cultivate, and advance vendor partnerships within the Group Purchasing PlatformSupport vendor performance management process to track and address service issues and opportunities to drive differentiated service levels across the portfolioEncourage engagement and promote the Blackstone procurement community, supporting talent management, training and development and community events and communications for portfolio company Spend Management organizationsCollaborate cross-functionally with Blackstone stakeholders on Deal Teams, Asset Management, Finance, IT, Technology, Public Affairs, etc. to report performance and to share data, trends, and insights from the procurement communitySupport annual CPO and CxO Conference planning, design, facilitation, and execution including working closely with Blackstone Events planningSupport due diligence of new investment opportunities, including spend analysis and assessment of performance, operations, people, and processesSupport internal process improvement programs, including portfolio company data requests and analysis, and other internal process improvement opportunities

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. An ideal candidate has demonstrated or achieved:

Undergraduate degree with a focus in engineering, operations, supply chain, or business management4+ years of work experience, preferably in operations, procurement, category management, or sourcingThe ability and interest in being hands-on to support the program and teamAbility to work well with others and collaborate on a teamSuperb interpersonal skills with excellent written and verbal communication in strategic, financial, and operational areasConfidence and presence to interface with senior executives across many functional business areasStrong analytical and quantitative skills and proficiency with program management tools including Excel, PowerPoint, Salesforce.com, and other data management applicationsWell-organized and disciplined approach to work effort and project managementActive listening skills with the intellectual agility to integrate new information and develop recommendationsAbility to establish fact-based recommendations and decision makingAbility to work independently and navigate a dynamic environment, including cross-functional collaboration to accomplish tasks

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:

$140,000 - $185,000

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 HR-Recruiting-Americas@Blackstone.com.

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.