Senior Associate, Investment Operations & Asset Management

Who You’ll Work With:

The Senior Associate, Investment Operations & Asset Management role is a great opportunity for a qualified candidate looking for a dynamic operations role focused on commercial real estate transaction. This role is part of the Operations organization and is focused on transaction execution, coordination, reporting, and asset management support rather than investment origination or investment decision making. The Senior Associate will partner closely with the front office commercial team and support the full lifecycle of commercial real estate transactions plus will have responsibility for coordinating asset management of the team’s investments. They will be exposed to all features of AB CarVal’s commercial real estate business, will be responsible for several aspects of new and existing transactions, and will work closely with a wide variety of parties both within AB CarVal and externally.

This role reports into the Head of U.S. Operations. The role will be located in New York, NY or Minneapolis, MN.

What You’ll Do:

Asset Management - (50%)

Coordinate and support the management of third-party commercial real estate relationships

Coordinate and project manage workstreams on the commercial real estate projects with third party asset managers, supporting execution of approved asset business plans’

Track and report asset performance against underwriting and business plan metrics

Liaise with property managers, brokers, and service providers to ensure operational efficiency

Coordinate documentation, tracking, and execution support related to loan modifications and borrower communications.

Ensure timely communication and coordination with the commercial team decision makers regarding project execution and operational matters

Support implementation and tracking of approved asset-level strategies

Ensure proper portfolio reporting/review and communication with key internal and external stakeholders connected to the projects

Act as the primary source of information internally for investment transaction performance and asset-related updates

Prepare regular asset performance reports, including variance analysis

Monitor borrower compliance with loan documentation and business plans and further investigate any issues that may arise

Escalate issues and coordinate resolution across stakeholders, proactively focusing on the most material/financially impactful areas and ensuring quick response to any ad hoc issues

Support the commercial real estate commercial team to ensure they have the information required to maintain accurate detailed financial models (incl. monthly valuations) for the projects

Coordinate operational workstreams related to new warehouse facilities and loan onboarding

Serve as an operational coordination contact for financing counterparties

Prepare and maintain investment memorandums, reports, and presentations for internal committees

Manage legal, finance, and tax related tasks associated with each investment transaction or the commercial real estate strategy

Operational Management - (25%)

Provide day-to-day operational input on commercial real estate investment transactions

Support operational due diligence, transaction coordination, and information gathering related to acquisitions.

Coordinate closing processes with legal, finance, and external stakeholders

Engage with and interpret detailed commercial real estate investment transaction legal documents

Track and reconcile investment-level cash flows, budgets, and funding requirements.

Quickly evaluate complex situations that arise and use good judgement to propose solutions

Effectively manage be-spoke complex financing agreements

Set up new deal structures and manage existing deal structures with various AB CarVal departments as well as external stakeholders

Complete due diligence and audit requests by working with appropriate partners

Coordinate, manage and maintain accuracy all aspects of tracking commercial real estate transactions in AB CarVal’s systems

Respond to internal and external queries regarding commercial real estate investment transactions throughout their life cycle

Business Partnering - (25%)

Collaborate with the AB CarVal commercial real estate commercial team and external commercial real estate transaction partners

Provide input on commercial real estate investment transaction documentation alongside AB CarVal commercial real estate commercial team

Coordinate with partners regarding appropriate investment memorandums, performance reporting, business & legal practices, and accounting procedures for each investment transaction

Make judgement-based decisions related to the operations function and assume responsibility for the impact to the business

Understand key areas of the commercial real estate investment transactions/business and anticipate potential issues; proactively communicate solutions to others within the team or management

Assist with project by project review/analysis/milestones within commercial real estate investment transactions

What We’re Looking For:

Required:

Bachelor's degree in accounting, business, finance, or related industry

5+ years finance experience

Demonstrated experience in and/or exposure to commercial real estate asset management/portfolio operations preferably including underwriting, credit evaluation, and third party relationship management

Advanced Excel skills including data modelling and analysis

Strong communicator who can coordinate and support collaboration across technical, legal, construction, and financial teams

Demonstrated ability to work cross-functionally with various teams and portfolio companies

Demonstrates knowledge and mechanics of lending instruments, legal documents and structures

Strong work ethic and commitment to a high standard of excellence

Proven ability to balance multiple assignments and manage quality, accuracy, and consistency of each work product

A self-starter with the ability to follow through and complete tasks

High level verbal and written communication skills

Strong drive for results with both detailed and practical focus

Strong analytical/problem solving skills

Enjoys working in a collaborative team environment, partnering with commercial team

Ability to travel, including for site visits and portfolio company meetings as needed

Preferred:

Experience with commercial real estate investments, transactions, asset management terms and concepts

Experience working in an alternative investment fund manager or similar industry

Public accounting or financial services experience

Demonstrated initiative in communicating issues and concepts to multiple groups at multiple levels

Knowledge and/or experience with conducting audits and due diligence of external companies

Who We Are:

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.

AB CarVal Investors is established in managing opportunistic global real estate investments in both commercial and residential real estate transactions, as well as real estate-related public debt. AB CarVal’s flexible mandate has enabled it to be a provider of capital on transitional assets, construction, and value-add transactions across property types. The commercial real estate debt team is