AllianceBernstein
Alternatives Operations Analyst
Nashville, TN
May 30, 2024
Full-time
Full Job Description

Who We Are:

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business, or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.

Who You'll Work With:

We are seeking a Nashville based Alternatives Operations Analyst to join our Alternatives Infrastructure & Operations team within Global Technology & Operations.

The Alternatives Infrastructure & Operations team (“Alts Ops”) aligns with AB’s Alternatives Business Development unit and reports into Operations & IT. Alts Ops supports approximately $17 billion of alternative investment products and complex fund structures including private equity, private credit, hedge funds, fund of funds, co-invests, business trusts, business development corporations, and other commingled vehicles domiciled in Cayman, Delaware, Ireland, Luxembourg, and beyond. Investment strategies include Private Credit/Middle Market Loans, Real Estate, Emerging Equity, Energy, Multi-Manager, etc.

What You'll Do:

The Alternatives Operations Analyst will work with the Alternatives Operations Manager and is responsible for supporting AI Ops’ team deliverables and mandates. The analyst will have ownership of and provide support for the existing alternative funds to ensure timely and accurate processing of all investor level transactions and values on daily, monthly, quarterly, and annual reporting cycles. They will also assist senior team members with regular tasks and special projects.

Applications and business or enterprise functions the role supports

The role supports AB Alternatives space across multiple distribution channels and business units and involves building new and/or enhancing existing applications and processes including:

  • DST – transfer agent and account management

  • Global Plus – accounting system

  • ACE – Private Equity dashboards, cashflows

  • SNAP – new account opening

  • MRS – document management

  • Private Client Transaction Router – transaction processing

  • Bernstein.com – private client portal

  • AllianceBernstein.com – institutional client portal

  • Report Center – client reporting system

  • AB Advantage – operations system

  • Boss – operations system

Key job responsibilities include, but are not limited to

Additional responsibilities include data maintenance, documentation, and active monitoring of investor and fund level activity for multiple funds across AB’s portfolio, accounting, and related systems. Working in close conjunction with multiple third-party service providers including administrators, custodians, and lenders, the analyst will provide oversight to ensure prompt and accurate processing of investor requests and transactions, which may include address changes, settlements, cash disbursements, and receipts. They will also oversee the full life-cycle of private equity activity including closes on commitments, capital calls, distributions, and assignments of interests.

Over time, the analyst will acquire subject matter expertise on specific fund terms, systems, day-to-day processes, investor holdings, and related data for some of the firm’s most innovative and complex products. With this knowledge base, they will act as a liaison to various departments and assist by providing insight and solutions to complicated questions and challenges. The analyst may also represent the AI Ops team on new fund launch initiatives and contribute ideas for structuring and reducing time to market. With the goal of iterative progress, the analyst should ultimately advocate their observations and recommendations for further advancement of AB Alternatives platform.

What makes this role unique or interesting (if applicable)?

Alternatives are a growing area of AB.

Professional development value of this role (i.e., what learning and professional growth does the role offer the candidate?)

Ability to learn about Alternative Investment Vehicles and their mechanics, support new products, and influence technology development.

What We're Looking For:

  • BA/BS in Accounting, Computer Science, Finance, Mathematics, or related business field

  • Minimum 2-3 years of professional experience, ideally in investor operations at a hedge fund, private equity, or related provider

  • Strong business aptitude, including written, verbal, and presentation communications; project and time management skills

  • Proven ability to multi-task across projects/requests, work well under time demands, and drive to deadlines

  • Proficient in Microsoft Office, especially Excel, and propensity to quickly learn new applications, processes, and areas of business

Skills

  • Adept at data analysis and quickly illustrating transaction path scenarios via basic Excel models, simulations, and calculations

  • Client-focused with sense of ownership and follow-through

  • Skilled in building and managing relationships with business, management, and other key stakeholders

  • Detail-oriented, with strong organizational, analytical, and problem-solving skills

  • Highly motivated with the ability to work effectively independently and within a team

  • Confident, yet humble with ability to listen, build consensuses with persons of varying backgrounds, knowledge, management levels, etc., and drive for results

  • Entrepreneurial spirit and agile approach within a corporate environment

  • Familiarity with SQL is a plus

Special Knowledge (if applicable)

  • Firm grasp of hedge funds and private equity concepts including capital commitments, capital calls, distributions, assignment of interest, lock-ups, gated redemptions

  • Solid understating of financial services industry, including regulatory, regional, operational, transaction processing, cost-basis accounting, and reporting

  • Market knowledge across equities, fixed income, multi-asset, and/or alternative strategies, including hedge funds, private equity, and real estate

  • Understanding of US and International wire transfer systems and accounts including, ACH, Fedwire, ABA, IBAN, SWIFT, Sort Code

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.

Nashville, TennesseePDN-9c29de4d-da3c-42de-9a55-c7903f70ae8f
Job Information
Job Category:
Finance
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Alternatives Operations Analyst
AllianceBernstein
Nashville, TN
May 30, 2024
Full-time
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