AB Private Credit Investors Credit Investment Associate

AllianceBernstein LP • Austin, TX

1d • Hybrid

About The Position

AB Private Credit Investors (“AB-PCI”) is the $26B+ private corporate credit investing platform of Alliance Bernstein (“AB”) offering direct lending capabilities to middle-market companies across various industry sectors. AB-PCI focuses on directly sourced, privately negotiated investments largely supporting private equity backed transactions, pursuing a flexible mandate to deliver attractive risk-adjusted returns through unitranche, first lien, second lien, and fund/manager financing, as well as selectively structured preferred stock and private equity co-investments. Target companies typically have robust business models, strong competitive positions, sustainable enterprise value, and predictable cash flow profiles. The group maintains a strong credit culture and a highly selective investment process grounded in fundamental due diligence and a focus on transaction terms and documentation. AB-PCI is seeking an Associate to join the investment team. Associates work in small deal teams (usually 2 to 3, including 1-2 senior members) across all aspects of credit investing, interacting directly with senior team members, private equity investors, company management, sell-side banks, lawyers, accountants, and other business professionals. This is an opportunity to be part of a growing platform and take on significant responsibility over time. This is a 2-year program. Our goal is to place all associates in a full-time investment role upon program graduation, however participation in this program does not guarantee an offer of future employment. AB-PCI and the role are based in Austin, TX (associates are permitted to work remotely on Fridays, though policies are subject to change).

Requirements

• Bachelor’s degree demonstrating outstanding academic performance, preferably in Finance, Business, Accounting, or Economics.
• Two to four years of relevant experience as a top performer in Private Credit/Private Equity investing or Leveraged Finance, Financial Sponsor Coverage, or M&A Investment Banking.
• Strong grounding in accounting, finance, and capital markets.
• Mastery of three-statement, LBO financial modeling and analysis.
• Mastery of data analysis and manipulation.
• Experience writing high-quality, accurate investment memos or similar products.
• Strong attention to detail, time management, and ability to manage multiple assignments under pressure.
• Ability to work cooperatively in fast-paced environment with team members.
• Self-starter that takes ownership of projects and drives the process but also knows when to ask for help.
• Requires minimal supervision.
• Candidates must have current, unrestricted authorization to work in the United States.

Nice To Haves

• MS Finance, MBA, and/or CFA a plus.
• Candidates with experience in restructuring, valuation, financial consulting, or other adjacent roles may also be considered.

Responsibilities

• Play a key role in the execution and management of investments, including business due diligence, financial analysis/modeling, industry research, preparation of investment memoranda, and interacting with financial sponsors and management teams.
• Monitor the performance of portfolio companies, including covenant compliance and financial reporting, and support amendment, restructuring, and workout processes as needed.
• Contribute positively through strong communication, collaboration, critical thinking, and teamwork.
• Demonstrate consistent ownership for all investment processes, work products, and investment outcomes.

Benefits

• The opportunity to be part of a growing platform and take on significant responsibility over time.
• Associates are permitted to work remotely on Fridays, though policies are subject to change.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level