Senior Associate, Credit Manager
Role Overview
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 $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38-year history, strong track record and an established reputation in asset-based finance with a team of approximately 74 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.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!
In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows:
Base Salary Range: $110,000 to $155,000
Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB CarVal, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off
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.
Minneapolis, Minnesota
Key Skills for This Role
Full Job Posting
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 $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38-year history, strong track record and an established reputation in asset-based finance with a team of approximately 74 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.
Our culture of intellectual curiosity and collaboration creates an environment where you can thrive and do your best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to our clients, we are fully invested in you. If you're ready to challenge your limits and empower your career, join us!
In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows:
Base Salary Range: $110,000 to $155,000
Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB CarVal, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition AB provides a variety of benefits to eligible employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off
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.
Minneapolis, Minnesota
Qualifications
- Required
- Bachelor’s degree in accounting, finance, economics, business, or related field
- 5+ years of experience in credit risk management in the mortgage or banking industries.
- Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies.
- Demonstrated strong analytic skills and the ability to evaluate financial data.
- Demonstrated experience with regulatory and compliance standards.
- Demonstrated proficiency in Microsoft Excel including financial modeling and analysis
- Demonstrated excellent oral and written communication skills.
- Demonstrated organization and detail orientation skills.
Responsibilities
- Responsible for creating and maintaining underwriting guidelines and credit criteria
- Develop and implement while collaborating with internal functions the mortgage originator onboarding and diligence process
- Partner to assess, manage, and monitor credit risk associated with loan portfolio sourced through correspondent networks.
- Evaluate creditworthiness of potential borrows by analyzing financial data, credit reports, and other relevant information.
- Partner to determine appropriate credit limits, terms, and conditions for investments.
- Collaborate closely with internal teams across various functions to ensure compliance with credit policies, guidelines, and regulatory requirements.
- Implement and maintain the due diligence review process of all loans sourced via the correspondent networks.
- On an ongoing basis, monitor portfolio performance and conduct regular credit reviews to identify potential risks and opportunities for improvement.
- Develop and implement risk mitigation strategies to protect the organization's interests and optimize investment returns.
- Develop and maintain quality control review process including direct communication with third party vendors to ensure compliance with requirements.
- Provide insights and recommendations to support decision-making related to investment opportunities and portfolio management. Communicate regularly with senior management and internal stakeholders to provide updates
- Continuously improve credit risk assessment processes and procedures.
- What We’re Looking For:
- Required
- Bachelor’s degree in accounting, finance, economics, business, or related field
- 5+ years of experience in credit risk management in the mortgage or banking industries.
- Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies.
- Demonstrated strong analytic skills and the ability to evaluate financial data.
- Demonstrated experience with regulatory and compliance standards.
- Demonstrated proficiency in Microsoft Excel including financial modeling and analysis
- Demonstrated excellent oral and written communication skills.
- Demonstrated organization and detail orientation skills.
About AllianceBernstein
Global investment management firm providing research and financial services.
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