AllianceBernstein

  • Alternatives Operations Analyst

    Location : Location US-TN-Nashville
    ID
    2019-6520
    Category
    Operations & Technology
    Position Type
    Full-Time
  • Company Overview

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

     

    AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries. AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

     

    OPS Group Description:
    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.

    Alts Ops collaborates with product development, legal, fund accounting, sales, technology, and external service providers to onboard investment teams & strategies and to maintain their ongoing operations. The team is also tasked with increasing scale and capabilities through automation and design of efficient processes & tools, while instituting best practices. In addition, Alts Ops seeks to deliver an intuitive and consistent experience for our clients and staff across our diverse set of alternative vehicles. Thematic goals include:

    • Support Growth – Increase scale and capabilities of Alternatives platform through automation and design of efficient processes & innovative tools
    • Service Quality – Deliver an intuitive, consistent, and modern experience for our clients and staff across all Alternatives data, reporting, transactions, and account events
    • Financial/Productivity – Reduce operational cost and risk by reducing redundant client portals and product document management

    Describe the role:
    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.

     

    The analyst will have the opportunity to work closely with other stakeholders within AB, including portfolio management teams and leaders within the Alternatives business and the Private Wealth Management and Institutional sales channels. Through these collaborations, the analyst should build a strong internal network with individuals at a range of levels and from a variety of departments and management levels.

     

    Describe the 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

    AllianceBernstein is an equal opportunity employer. We do not discriminate based race, color, creed, national origin, sex, age, disability, marital status, sexual orientation or citizenship status.

    Responsibilities

    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 is the professional development value of this role?

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

    Qualifications

    • 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:

    • 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

    Location: Nashville, TN, USA
    Initial training in White Plains, NY

     

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