Associate, Structuring & Modeling

In 2025 Blackstone established Brio Real Estate (Brio) as a portfolio company focused on real estate credit. Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstones Real Estate Debt Strategies business (BREDS) across the globe. Today BREDS has approximately $76 billion in investor capital across high yield / opportunistic real estate credit funds a publicly traded Mortgage REIT CMBS securities and insurance capital. Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions including asset management transactions capital markets surveillance portfolio management and legal & compliance. Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio.

Blackstone is the worlds largest alternative asset manager with more than $1 trillion in assets under management. Blackstones scale with roughly 12700 real estate assets and over 240 portfolio companies enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstones global investment strategies focus on real estate private equity infrastructure life sciences growth equity credit secondaries and hedge funds.

Job Summary

The Structured Credit team is seeking a highly motivated Associate to support the structuring underwriting and execution of complex loan portfolio transactions with a primary focus on small-balance commercial real estate (CRE) loans. This role offers exposure to the full deal lifecycle from initial data analysis and pool shaping to execution and ongoing portfolio management across securitizations bank warehouse facilities and bespoke financing structures.

Essential Job Functions

• Analyze extensive loan-level data tapes identify missing or inaccurate fields validate data integrity and transform raw datasets into accurate actionable formats.
• Contribute to loan pool evaluation and shaping through borrower collateral and market analysis.
• Build and maintain detailed cash flow and loan-level models for large diverse loan pools incorporating various financing structures such as securitizations bank warehouse lines and customized funding solutions.
• Model hedging strategies and assess the impact of interest rate and credit risk.
• Support the execution of securitized transactions (CMBS CRE CLO RMBS) and other asset-backed finance structures.
• Prepare high-quality materials for internal investment committees rating agencies capital markets counterparties and other external stakeholders.
• Collaborate with internal teams (legal accounting servicing portfolio management) and external partners (rating agencies capital markets desks warehouse lenders) throughout the deal lifecycle.
• Assist in ongoing portfolio management including model updates as portfolios evolve and the development of tools to extract insights from performance trends.

Qualifications

• Strong understanding of commercial real estate finance structured products and asset-backed finance (ABF).
• Proficiency in financial modeling and securitization analytics; experience with INTEX DealMaker strongly preferred.
• 15 years of relevant experience in investment banking credit ratings structured finance or asset-backed finance.
• Demonstrated ability to work with incomplete or unverified datasets perform rigorous data validation and synthesize findings into clear actionable insights.
• Exceptional analytical skills with the ability to interpret complex datasets assess credit risk and structure transactions.
• Clear and concise communication skills both written and verbal with the ability to present technical concepts to diverse audiences.
• Highly organized detail-oriented and capable of managing multiple priorities under tight deadlines.
• Collaborative team player with a proactive approach to problem-solving and cross-functional engagement.

EEO Statement

Brio Real Estate is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email