An AI agent that applies to roles like this on employers' own sites. 25 applications free, no card needed.
Job Description
- Transaction Management Associate
- Who You’ll Work With:
- This position will report to the Director of Transaction Management but will also require close working relationships across the firm.
- What You’ll Do:
- Transaction Management – 90%
- Provide day-to-day operational input on CNO and bulk loan transactions
- Assist with loan re-underwriting, analysis, presentation, and submission process for settlement
- Collaborate with external diligence firm partners, custodian, and sellers in order to manage the timely receipt and delivery of all third-party reports and documents
- Responsible for various monthly activities, including MERS monitoring, custodial monitoring (including trailing document review) and custodial reconciliations, vendor invoice allocations, and other summary reporting
- Facilitate periodic pre-closing activities, including counterparty KYC/AML approvals, trading system setups, and telephonic wire confirmations
- Facilitate closing activities (as frequently as numerous times per day as trade closings require), including preparation of closing summaries and closing checklists, trade system bookings, wire setup, review and submission of investor data ingestion files, updating loan acquisition tracking files, and uploading loan-level purchase data to the database
- Facility post-closing activities relating to recently acquired loans, including monthly communications to the custodian, trustee, and various loan servicers
- Preparation of bank reconciliations for each of our separately managed accounts, to be prepared twice per month for each investor
Business Partnering – 10%
- Make judgement-based decisions related to the operations function and assume responsibility for the impact to the business
- Understand key areas of the residential loan investment transactions/business and anticipate potential issues; proactively communicate solutions to others within the team or management
What We’re Looking For:
Required:
- Bachelor's degree in accounting, business, finance, or related industry
- Excellent organizational skills and drive to succeed
- Excellent written and verbal communication skills
- Demonstrated ability to meet deadlines
- Strong demonstrated self-motivation and high level of initiative
- Maturity and self-confidence to simultaneously handle a variety of assignments and capable of working successfully under pressure
- Detail-oriented and effective multi-tasking abilities
- Ability to work harmoniously with internal/external workers/customers
- Strong computer skills
- Advanced Excel skills
- Strong analytical/problem solving skills
- Effective at managing though ambiguous situations
- Demonstrated experience successfully working in a team environment
- Flexibility to periodically be available during non-traditional working hours either in the office and/or accessible online or via phone
Preferred:
- Knowledge and/or direct experience with residential loan acquisition diligence review and transaction management
- Experience working in an alternative investment fund manager, high-volume loan production office, or similar industry
- Exposure to investments, legal documents, and structures
- Negotiation and conflict management skills
- Programming and/or report building experience utilizing SQL, Snowflake, Looker, Sigma, or other computer programming logic
Who We Are:
About AB CarVal
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, opportunistically investing $153 billion in 5,820 transactions across 82 countries. Today, AB CarVal has approximately $19 billion* in assets under management in corporate securities, loan portfolios, structured credit and hard assets.
AB CarVal Investors is dedicated to attracting and retaining the industry’s best people across asset classes and geographies. AB CarVal is committed to diversity and inclusion, valuing the full range of life experiences, skills and qualities of our employees. We believe peak effectiveness comes from an engaged, talented, and diverse workforce.
All are encouraged to apply. 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 and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.
- Transaction Management Associate
- Who You’ll Work With:
- This position will report to the Director of Transaction Management but will also require close working relationships across the firm.
- What You’ll Do:
- Transaction Management – 90%
- Provide day-to-day operational input on CNO and bulk loan transactions
- Assist with loan re-underwriting, analysis, presentation, and submission process for settlement
- Collaborate with external diligence firm partners, custodian, and sellers in order to manage the timely receipt and delivery of all third-party reports and documents
- Responsible for various monthly activities, including MERS monitoring, custodial monitoring (including trailing document review) and custodial reconciliations, vendor invoice allocations, and other summary reporting
- Facilitate periodic pre-closing activities, including counterparty KYC/AML approvals, trading system setups, and telephonic wire confirmations
- Facilitate closing activities (as frequently as numerous times per day as trade closings require), including preparation of closing summaries and closing checklists, trade system bookings, wire setup, review and submission of investor data ingestion files, updating loan acquisition tracking files, and uploading loan-level purchase data to the database
- Facility post-closing activities relating to recently acquired loans, including monthly communications to the custodian, trustee, and various loan servicers
- Preparation of bank reconciliations for each of our separately managed accounts, to be prepared twice per month for each investor
Business Partnering – 10%
- Make judgement-based decisions related to the operations function and assume responsibility for the impact to the business
- Understand key areas of the residential loan investment transactions/business and anticipate potential issues; proactively communicate solutions to others within the team or management
What We’re Looking For:
Required:
- Bachelor's degree in accounting, business, finance, or related industry
- Excellent organizational skills and drive to succeed
- Excellent written and verbal communication skills
- Demonstrated ability to meet deadlines
- Strong demonstrated self-motivation and high level of initiative
- Maturity and self-confidence to simultaneously handle a variety of assignments and capable of working successfully under pressure
- Detail-oriented and effective multi-tasking abilities
- Ability to work harmoniously with internal/external workers/customers
- Strong computer skills
- Advanced Excel skills
- Strong analytical/problem solving skills
- Effective at managing though ambiguous situations
- Demonstrated experience successfully working in a team environment
- Flexibility to periodically be available during non-traditional working hours either in the office and/or accessible online or via phone
Preferred:
- Knowledge and/or direct experience with residential loan acquisition diligence review and transaction management
- Experience working in an alternative investment fund manager, high-volume loan production office, or similar industry
- Exposure to investments, legal documents, and structures
- Negotiation and conflict management skills
- Programming and/or report building experience utilizing SQL, Snowflake, Looker, Sigma, or other computer programming logic
Who We Are:
About AB CarVal
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, opportunistically investing $153 billion in 5,820 transactions across 82 countries. Today, AB CarVal has approximately $19 billion* in assets under management in corporate securities, loan portfolios, structured credit and hard assets.
AB CarVal Investors is dedicated to attracting and retaining the industry’s best people across asset classes and geographies. AB CarVal is committed to diversity and inclusion, valuing the full range of life experiences, skills and qualities of our employees. We believe peak effectiveness comes from an engaged, talented, and diverse workforce.
All are encouraged to apply. 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 and practices seek to ensure that employment opportunities are available to all employees and applicants based solely on job-related criteria.
Pune, India
Skills
SQLLookerExcelAdvanced ExcelSnowflakeAccountingNegotiationCommunicationProblem SolvingIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
AllianceBernstein has tons of funds. The investment manager administers about 200 domestic and international mutual funds. Institutional investors, including public retirement funds, employee benefit plans, foundations, endowments, government entities, and insurance firms, account for a majority of the firm's approximately $475 billion in assets under management. For retail investors, the company provides private client services, managed accounts, annuities, retirement plans, and college savings plans. AllianceBernstein also owns wealth advisor and research firm Sanford C. Bernstein.
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $646 billion in assets under management as of December 2022. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
At AB, there’s no one size fits all and no mold to break. We celebrate idiosyncrasy and make sure everyone’s voice matters. We seek and include talented people with diverse skills, abilities and backgrounds who expand our thinking. We encourage all employees to become more complete versions of themselves. A mosaic of perspectives makes us stronger, helping us nurture strong relationships and build actionable solutions.
Intellectual curiosity is in our DNA—and is a way of life. We embrace challenging problems and ask the tough questions. We don’t settle for easy answers as we look to understand the world around us—and that’s what makes us better investors and partners to our colleagues and clients. We are independent thinkers—we go where the research and data take us. And knowing more isn’t the end of the journey: it’s the start of a deeper conversation.
Insight is a catalyst, expanding our thinking and unlocking opportunity. And opportunity is more than financial returns—it drives us to think about the bigger picture for our clients and help them achieve their goals.
Similar Jobs
View all
New Others roles in Pune.
One email a day. Unsubscribe any time.
