Private Alternatives Investment Operations Associate
Apply locations: Nashville, Tennessee
Time type: Full time
Posted on: Posted Yesterday
Job requisition id: R0013949
Who We Are:
AllianceBernstein (AB) is a leading global investment-management firm that offers high-quality research and diversified investment services to institutional investors, financial intermediaries, and private-wealth clients in major global markets. Our client base includes some of the world’s leading institutions as well as private-wealth clients and retail investors. We maintain research, portfolio-management, wealth-management, and client-service offices around the world, reflecting our global capabilities and the needs of our clients. Partnering closely with clients, our research and portfolio management teams collaborate across asset classes, regions, sectors, and investment strategies to spark new thinking and deliver superior outcomes. We foster an inclusive environment that offers opportunities for team members to continually learn, develop their skills, and take on new challenges to progress in their careers.
Private Alternatives Infrastructure is responsible for delivering technology & operations designed to enable revenue growth, drive efficiency, and mitigate risk for the Private Alternatives business channel. Private Alternatives investment strategies include Private Credit, US/European Real Estate Debt, Private Placements, and other private market strategies. Critical functions within Private Alternative Infrastructure include Investment & Fund Operations, Product Implementation, Business Analysis, Project Management, 3rd Party Vendor Integration & Management, and Infrastructure Technology Buildout. The Private Alternative Infrastructure Department collaborates closely with business unit heads across the Firm to develop plans in line with business objectives.
What You'll Do:
We are seeking a Nashville-based Operations Associate to join our Private Alternative Investment Operations team.
Provide operations support related to multiple private alternative business units focused on Middle Market Direct Lending, Private Equity, Commercial Real Estate, Private Placements, and Special Purpose Vehicles. Core functions include Transaction Management, Treasury Services, Loan Administration, Data Control and Reconciliation Management, and Process Innovation.
- Provide daily operational support to AB’s Private Placement & Commercial Mortgage business units.
- Support all aspects of Private Deal Settlement, Loan Administration, Portfolio Operations, and systems management.
- Provide daily operational support for public and derivative trading functions.
- Provide Cash Management Support to the Portfolio Management teams assisting with closing activities and the coordination of transaction activity amongst Portfolio Management, Fund Administrators, Agents, and Loan Administration Service Providers.
- Provide quality control and maintain data oversight of internal and external asset record keeping.
- Participate in projects for automation and process improvements as relates to loan closings, trade workflow, deal tracking, position reconciliations, and cash management.
The role requires close interaction with various parties including the portfolio management and finance teams, client service support, custodian/trustee banks, fund administrators, legal counsel, and credit analysts. This role will involve working in a dynamic team environment and presents opportunities to further develop industry knowledge to provide custom operational support. The ideal candidate will possess a basic understanding of private credit and fixed income securities.
Specific responsibilities may include but are not limited to:
- Transaction Management
- Assist with Closing and Restructuring Activity
- Treasury Management
- Loan Administration Management and Oversight of Servicers
- KYC/AML
- Management of Agent Relationships
- Oversight of Reconciliations – Break Resolution
- Process Improvement
What is the professional development value of this role?
The role provides the candidate the opportunity to be involved with a growing business unit and be challenged in a fast-paced and dynamic environment. The candidate has a unique opportunity to drive change and implement innovative process solutions to support growth and reduce risk. This role presents opportunities to further develop industry knowledge and provide investment operational support to the portfolio teams.
What We're Looking For:
Our Private Alternative Operations Associates typically have track records of outstanding professional performance or academic achievement, along with excellent analytical skills and financial skills as well as strong communication skills.
Candidates should have a strong ability to work in a collaborative environment and to present results to both expert and non-expert audiences.
- Undergraduate degree with 2+ years of relevant work experience in investment management or financial services environment.
- Demonstrated understanding of Loan Administration Practices.
- Experience with WSO and ClearPar (Is Preferred).
- Organized, detail-oriented, and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative.
- Proficiency of Microsoft Office Applications, specifically Excel & PowerBI.
- Ability to effectively prioritize and manage time to complete deliverables timely and accurately.
- Team-oriented individual with the ability to work well across diverse groups in a collaborative, dynamic team environment.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!
People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status, or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.
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