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 Blackstone’s 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 world’s largest alternative asset manager with more than $1 trillion in assets under management. Blackstone’s scale, with roughly 12,700 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. Blackstone’s 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, Structuring & Modeling 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

• Bachelor’s degree in Finance, STEM, or a related discipline from a Top 50 accredited college/university, with a minimum cumulative 3.5 GPA.
• 2+ years of relevant experience in investment banking, credit ratings, structured finance, or asset-backed finance.
• 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.
• 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.
• Ability to travel 5-10% domestically.

EEO Statement

Brio Real Estate is an equal opportunity employer. In 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 talent@revantage.com