AllianceBernstein’s Commercial Real Estate Debt Team (“CRE Debt Team”) is seeking a bright and highly motivated commercial real estate Associate to join its rapidly-growing investment platform. Since its inception in 2013, the CRE Debt Team has successfully invested approximately $10 billion across four investment vehicles. To date, the platform has primarily invested in floating-rate transitional first-mortgage loans secured by major property types in key markets throughout the United States. We have recently launched multiple new investment vehicles which expand the investment profile to include mezzanine loans, distressed debt, loan acquisitions and participations, fixed rate loans, construction loans, and net lease investments. Established processes and systems are in place to reinforce the discipline required to excel across all facets of the broadened investment mandate, including experienced deal sourcing, meticulous underwriting, comprehensive investor reporting, and proven asset management. The candidate will have an outstanding opportunity to develop a broad range of financial, credit, real estate underwriting, analytical, marketing, and presentation skills.
Responsibilities
Supporting senior members of the team in evaluating potential investment opportunities across various property types and markets
Managing credit underwriting and financial analysis of new investment opportunities
Creating and maintaining financial models and sensitivity analyses
Assisting with creating initial screening memos and final investment memos which will be presented before the Investment Committee
Interacting professionally with internal credit, legal, and loan origination personnel and externally with borrowers and third-party service providers before, during, and after closing
Assisting with CRE Debt Team’s internal transaction pipeline
Assisting with the asset management process and other special projects and assignments as they may arise
Qualifications
Bachelor’s Degree from a top university with prior coursework in finance and economics preferred
A minimum of two years of professional experience including significant financial modeling experience. Prior experience in commercial real estate debt, real estate private equity or investment banking preferred.
Strong verbal and written communication skills; ability to converse with individuals at all levels including borrowers and third-party providers
Advanced knowledge of Microsoft Excel as well as industry-specific tools (i.e. Argus, CoStar, etc.)
Strong attention to detail and ability to manage multiple projects concurrently
Location:
Los Angeles, CA or New York, NY
AllianceBernstein (AB) is a global investment-management firm providing industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. We offer high-quality research and diversified investment services to institutional and individual investors worldwide. Our clients include some of the world's top institutions as well as private-wealth clients and retail investors. Through close partnerships with our clients, we collaborate on investment strategies across regions and sectors to inspire innovative thinking and deliver superior outcomes.
We invest in our people and in the communities in which we operate, and we celebrate our diversity to showcase what makes us unique. We offer our talent the opportunity to grow professionally while working on cutting-edge ideas and outcomes in a global culture that operates as a tight-knit community.
If you're ready to innovate and grow your career, join us.
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.
New York, New York
