Senior Associate, Investment Operations (Energy Transition)

Senior Associate, Investment Operations (Energy Transition)

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 $151 billion in 5,800 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 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.

AB CarVal's Energy Transition business invests via debt and equity across power and utility projects, resilient energy networks, clean transportation, and resource waste management transactions. This is a great opportunity for a qualified candidate looking for a dynamic role spanning hedge fund and private equity type transactions in the clean energy sector. The Senior Associate will partner with the front office commercial team and support the full lifecycle of clean energy transactions. They will be exposed to all features of AB CarVal's Clean Energy 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.

Principal Accountabilities:

Operational Management- 60%

• Provide day-to-day operational input on clean energy investment transactions

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

• Engage with and interpret detailed clean energy investment transaction legal documents

• Monthly updating of models; production and booking of discounted cashflow valuations and IRRs

• Effectively manage be-spoke complex financing agreements, including oversight of monthly construction draws

• Independently review and book fundings and distributions on clean energy investments

• Set up new deal structures, manage existing deal structures

• Complete due diligence and audit requests by working with appropriate partners

• Coordinate and manage all aspects of tracking clean energy transactions in AB CarVal's systems

• Respond to internal and external queries regarding clean energy investment transactions throughout their life-cycle

Business Partnering- 40%

• Collaborate with the AB CarVal clean energy commercial team and external clean energy projects' partners

• Provide input on clean energy investment transaction documentation alongside AB CarVal clean energy commercial team

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

• Understand key areas of the clean energy investment transactions/business and anticipate potential issues; proactively communicate solutions to others within the team or management

• Assist with collateral management and project by project review/analysis/milestoning within energy transition investment transactions

Qualifications:

Required

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

• 3+ years accounting/finance experience

• Advanced Excel skills including data modelling and analysis

• 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 on business

Preferred

• Certified Public Accountant

• Experience with renewable energy 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

In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows:

Base Salary Range: $85,000 to $125,000

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, 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

Minneapolis, Minnesota