Structured Products – Associate/AVP
| Company | AllianceBernstein |
|---|---|
| Location | New York, NY, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Junior, Mid Level |
Requirements
- Bachelor’s degree in Finance, Business, Accounting, Economics, or a related field.
- At least 2 years of direct experience in a structured products role at a private credit direct lender or in a structuring and/or lending capacity at a CLO arranging bank, preferably within the middle market/private credit industry.
- Familiarity with leverage facility loan documentation, including CLO/ABS indentures.
- Knowledge of private credit direct lending terms, concepts, underwriting, and the dynamics of risk and return.
- An existing network of lender/investor relationships is a plus.
- Proficient in financial modeling, with a solid understanding of rating agency methodologies.
- Excellent analytical, negotiation, and problem-solving abilities.
- Capable of managing relationships with multiple leverage providers and internal stakeholders.
- Strong written and verbal communication skills.
- Knowledgeable in lending law and loan documentation.
Responsibilities
- Assist the AB-PCI Structured Products team in structuring portfolio-level debt for AB-PCI funds (including commingled funds, BDCs, SMAs, etc.) to achieve optimal fund leverage and pricing.
- Focus on (i) Strategy, sourcing, and execution for new leverage capital. (ii) Participating in the oversight and ongoing monitoring/management of existing and future fund leverage vehicles, ensuring best execution and compliance with various facilities.
- Handle other ad hoc projects, including BD/equity capital raising projects, RFPs, marketing decks, and other related tasks.
- Assist the team in structuring and closing new debt facilities, including portfolio modeling, lender selection, term sheet negotiation, internal coordination and approval, liaising with rating agencies, and documentation negotiation.
- Monitor the ramp-up of warehouse facilities to determine the optimal timing for CLO/ABS takeouts.
- Forecast and maintain a forward pipeline of financing vehicle closings and capital market takeouts, while also tracking the end of reinvestment periods and maturity dates for existing financing vehicles.
- Coordinate with treasury, finance, middle office, and operations teams to ensure a smooth closing process.
- Serve as the primary point of contact for arranger banks and other lender counterparties.
- Build and maintain relationships with key debt fundraising counterparties, including banks, insurance companies, alternative asset managers, pensions, and sovereign wealth funds.
- Contribute to the development of new product ideas related to both new and existing business initiatives.
- Prepare ad-hoc analyses and reports as requested by senior management.
Preferred Qualifications
- An existing network of lender/investor relationships is a plus.