5+ years of finance, accounting, or related experience
Bachelor's degree in finance, accounting, or related field
Demonstrated strong verbal and written communication skills, including building internal and external relationships
Detail-oriented and able to multi-task
Strong computer and advanced excel skills
Strong analytical/problem solving skills
Confidence and professionalism in dealing with senior investment professionals
Ability to understand complex investment structures, including the ability to communicate them verbally and in writing
Natural curiosity and strong initiative to learn: Continuously evolving business environment; individual must be flexible in solutions and related approach
Strong sense of urgency & ability to meet deadlines
Experience working in an alternative investment fund manager or similar industry
Demonstrated initiative in communicating issues and concepts to multiple groups at multiple levels
Negotiation and conflict management skills
Preferred:
Experience with Bloomberg
Experience working with third-party valuation servicers and pricing vendors
Experience with financial statement audits, with a focus on valuation testing
Minneapolis, Minnesota
Benefits
Flexible schedule
Additional Information
Senior Associate, Investment Operations
AB CarVal is an established global alternative investment manager and part of AllianceBernstein's Private Alternatives business. Since 1987, AB CarVal's team has navigated through ever-changing credit market cycles, investing $160 billion in 5,885 transactions across 82 countries. Today, AB CarVal has approximately $21 billion in assets under management. The firm has a 39-year history, strong track record and an established reputation in asset-based finance with a team of approximately 75 investment professionals in the US, Europe and Asia. A key differentiator is the firm's robust global network of established relationships with operating platforms and partners.
We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work.
The Senior Associate, Investment Operations is responsible for supporting the valuation function. Specifically, this role is responsible for daily and monthly pricing, and the review of resulting profit and loss. This role works closely with Investment Professionals, Operations and the Valuation Committee.
Principal Accountabilities
Valuation- 70%
- Maintain a comprehensive understanding of principles, concepts, practices, industry standards and applies best practices
- Interpret complex situations that arise and facilitate matters and processes with management
- Provide technical assistance related to valuation process including assessing and challenging the quality of vendors, pricing overrides, and maintaining valuation models
- Support the review of profit and loss information and effectively communicate monthly profit and loss drivers within the organization
- Provide guidance related to complex situations that arise and facilitate matters and process with team members
- Assist in developing valuation processes and procedures to support business activities
- Collaborate with internal and external groups to influence business objectives
- Prepare reporting and analysis and provide solutions as required
- Collaborate with valuation committee members, create and present documents, and highlight key topics and issues to review
- Support the financial statement audit testing of financial products
- Update and maintain investment attributes on new positions, including valuation levels
- Assist with research and benchmarking of regulatory and industry trends related to valuation best practices
- Support the third-party valuation process, and review of level 3 assets
Business Partnering - 30%
- Manage third-party administrators and ensure high quality service delivery
- Utilize judgment in making decisions related to the valuation function and assume responsibility for the impact to the business
- Understand key areas of the business and anticipate potential issues and proactively communicate solutions to others within the team or management
Abglobal · Minneapolis, MN