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Structured Products (Director/VP)
Location:
New York, NY
Description:
Who You'll Work With: 70-80%: Lead / co-lead / assist AB-PCI Structured Products team in debt fundraising for AB-PCI funds (commingled funds, BDCs, SMAs, etc) in order to achieve optimal fund leverage and pricing.Products include (but not limited to) warehouses, CLOs, ABS, and bilateral ABLs).Focus on (i) strategy, sourcing, and execution for new leverage capital and (ii) participate in the oversight and ongoing monitoring/management of existing and future fund leverage vehicles, ensuring best execution and compliance with various facilities.Expected to work and coordinate with treasury, finance, credit team, BD, senior management, and accounting and operations teams.20-30%: other ad hoc projects. Other initiatives associated with debt fundraising including (but not limited to) fund level financing (unsecured IG notes, corp revolver, NAV, and subscription line facilities), BD/equity capital raising projects, RFP, and other. What You'll Do: New debt fundraising - lead/co-lead solicitation of interested lenders, term sheet negotiation, lender selection, internal coordination/approval, documentation negotiation, and closing of new credit facilities.Monitor ramp of warehouse facilities to help best determine timing for CLO/ABS takeout.Forecast and maintain forward pipeline of financing vehicle closings and capital market takeouts, while also monitoring end of reinvestment periods and maturity dates on existing financing vehicles.Coordinate with treasury, finance, middle office, and operations to ensure smooth closing process.Act as key point of contact for arranger bank and other lender counterparties.Build and maintain relationships with key debt fundraising counterparties (banks, insurance companies, alternative asset managers, pensions, sovereign wealth funds, etc)Mentor junior staff across Finance and Middle Office to help develop their knowledge and skillset pertaining to Structured Products.Research and develop new product ideas related to new and existing business initiatives.Prepare ad-hoc analysis and reports as requested by senior management. What We're Looking For: Bachelors degree in Finance, Business, Accounting, Economics, or related field.Minimum 10 years work experience, preferably in finance or accounting.Minimum 7 years direct experience in a structured products position at another private credit direct lender or in a structuring and/or lending capacity at a CLO arranging bank that provided financing and/or CLO arranging to the middle market private credit industry.Experience with leverage facility loan documentationExperience with private credit direct lending terms, concepts, underwriting, risk and return dynamics in order to explain our strategy to leverage providersExisting network of lender/investor relationships a plusStrong analytical, negotiation, and problem solving skillsAbility to manage relationship with multiple leverage providers and internal stakeholdersStrong written and verbal communication skillsStrong financial modeling skillsLending law and loan documentation understanding Salary Disclosure (Insert only if roles are to be located or posted in NY, California, Washington, Colorado,) In accordance with applicable law, the minimum and maximum base annual salary for this role is as follows: Base Salary Range: $150,000.00 to $250,000.00 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 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, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria New York City, New YorkAustin, TexasPDN-9ad998f6-c58b-480d-a895-21cca5a955cc
Company:
Alliancebernstein
Industry:
Other
Posted:
December 15 2023 on Professional Diversity Network
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More About this Listing: Structured Products (Director/VP)
Structured Products (Director/VP) is a Executive VP Job at Alliancebernstein located in New York NY. Find other listings like Structured Products (Director/VP) by searching Oodle for Executive VP Jobs.
Structured Products (Director/VP) is a Executive VP Job at Alliancebernstein located in New York NY. Find other listings like Structured Products (Director/VP) by searching Oodle for Executive VP Jobs.