Private Credit Operations Analyst / Associate

AllianceBernstein Holding LP•Austin, TX

30d

About The Position

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. We are seeking a Nashville-based Private Credit Operations Associate to join our Private Alternatives Operations team to support AB's growing Private Credit business. The Private Credit Operations team works alongside various other key stakeholders across our organization to support new product growth and execute services. This role is an exceptional opportunity to be part of a leading Private Alternative platform that values analytical rigor, collaboration, team culture, and a commitment to excellence. This exciting opportunity will provide the candidate with a chance to build their knowledge of Private Credit and will give them close interaction with various AB stakeholders including but not limited to the Nashville, TN- and Austin, TX-based Operations teams. In addition, this candidate will be able to form relationships with external partners including custodian/trustee banks and fund administrators. 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 Operations functions within Private Credit portfolios and be primarily responsible for providing daily operational support to AB's Private Credit business including but not limited to the following: Treasury Operations including wire processing, support of deal closing activities, and the coordination of transaction activity amongst various Operations Teams, Custodians, Agents and Loan Administration Service Providers. This daily responsibility encompasses all deal activities across Private Credit Funds, CLOs, and Separately Managed Accounts. The individual in this role will be entrusted with the critical task of booking and releasing sensitive wire requests. Trade Settlement - Own Trade settlement for Primary Buys and Secondary Intercompany trades within our CLO's, Financing Vehicles, Co-Invests and communicating across our service providers, Loan Admin, Custodian and Trustees. Reconciliation Services including the daily monitoring and break resolution of portfolio cash including incoming & outgoing cash, fees, trade cash, paydowns, interest payments, draws, etc. In addition to cash reconciliation, this individual will be responsible for Position Reconciliation, analyzing changes in principal related to trades, paydowns and/or borrowings. Participate in projects for automation and process improvements as relates to loan closings, trade workflow, deal tracking, position reconciliations, and cash management Loan Administration Management and Oversight of Servicers Transaction Management Treasury Management Assist with Closing and Restructuring Activity Management of Agent Relationships Oversight of Reconciliations - Break Resolution Process Improvement Project Management

Requirements

Undergraduate degree with 2+ years of relevant work experience in investment management or financial services environment
Demonstrated understanding of Loan Administration Practices
Organized, detail-oriented and extremely thorough with strong problem-solving skills and demonstrated ability to take initiative
Proficiency of Microsoft Office Applications, specifically Excel
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

Nice To Haves

Experience with WSO and ClearPar (Preferred)

Responsibilities

Treasury Operations including wire processing, support of deal closing activities, and the coordination of transaction activity amongst various Operations Teams, Custodians, Agents and Loan Administration Service Providers.
Trade Settlement - Own Trade settlement for Primary Buys and Secondary Intercompany trades within our CLO's, Financing Vehicles, Co-Invests and communicating across our service providers, Loan Admin, Custodian and Trustees.
Reconciliation Services including the daily monitoring and break resolution of portfolio cash including incoming & outgoing cash, fees, trade cash, paydowns, interest payments, draws, etc.
Position Reconciliation, analyzing changes in principal related to trades, paydowns and/or borrowings.
Participate in projects for automation and process improvements as relates to loan closings, trade workflow, deal tracking, position reconciliations, and cash management
Loan Administration Management and Oversight of Servicers
Transaction Management
Treasury Management
Assist with Closing and Restructuring Activity
Management of Agent Relationships
Oversight of Reconciliations - Break Resolution
Process Improvement
Project Management