Who You'll Work With:

Alliance Bernstein’s US Commercial Real Estate Debt Team (“AB CRED”) is seeking a highly motivated candidate with 5-7 years of relevant CRE transactional experience to join our investment team. The candidate will play a critical role in evaluating, underwriting, and managing sub-performing loans and REO. This position offers a unique opportunity to gain hands-on experience working with a small, dynamic team charged with determining the highest and best outcome for at-risk debt investments, establishing the strategy and tactics to maximize capital recovery, and implementing the plan to do so. The ideal candidate will have a comprehensive and well-rounded knowledge of commercial real estate, valuation techniques, loan structures, and workout strategies, combined with the ability to effectively manage multiple underwriting and legal workstreams in a fluid and evolving environment. This is an exceptional opportunity to be part of a leading private debt platform that values analytical rigor, creativity, collaboration, team culture, and a commitment to excellence.

Since its inception in 2013, AB CRED has successfully raised approximately $11 billion via both open and closed ended investment vehicles and separately managed accounts. The platform invests in CRE secured debt across the risk spectrum, covering all major property types in key markets throughout the United States. We have recently launched multiple new investment initiatives which expand the investment profile to include mortgage loans, mezzanine loans, distressed debt, construction loans, loan acquisitions and loan participations.  Our investors and clients have a collective appetite for both fixed and floating rate loans with both short and long durations secured by assets ranging from fully stabilized to transitional. 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 the chance to join an existing business with strong potential for career advancement, as well as opportunities for direct involvement in sourcing, underwriting, structuring and closing real estate debt investments, along with active participation in the overall investment production process.

What You'll Do:

Collaborate with the asset management team to perform due diligence and assess property performance from a financial, legal and operational perspective on sub-performing CRE loansPrepare analysis to support workout recommendations, and develop and implement tailored loan restructuring and capital recovery strategiesManage workstreams with external counsel and assist in the due diligence, negotiation and preparation of critical transaction documentsParticipate in the oversight of foreclosure proceedings and other legal remedies, taking ownership of commercial real estate assets, and determining capital recovery strategies including formulation and implementation of asset level business plans and exit salesFor REO assets, manage workstreams with external asset managers and consultants on business plan execution and provide quarterly financial reviews and risk assessment to senior managementMonitor market conditions and trends in the commercial real estate industry to inform proactive portfolio management decisionsPrepare and present reports to CIO and Investment Committee with recommendations for loan resolutions, property repositioning, or exit strategiesPrepare quarterly investment updates, manage quarterly valuation processes and bridge operational and reporting requirements in accordance with company standardsRelationship Management - Build and maintain strong relationships with borrowers, brokers, and industry professionals to support need for market intelligence

What We're Looking For:

Bachelor’s degree in finance, real estate, law, economics, or a related field5-7 years of experience in CRE debt or equity, real estate investment banking, structured finance, private debt environment or a related areaStrong analytical and financial modeling skills, with proficiency in Excel, Argus and relevant financial softwareSolid understanding of commercial real estate fundamentals, debt structures, and market dynamicsExcellent communication (written and verbal) and problem-solving skills with the ability to synthesize complex information into clear recommendationsEntrepreneurial, detail-oriented, highly organized, and able to manage multiple tasks and priorities in a fluid and evolving environmentAbility to work effectively with internal and external stakeholders, including legal teams, external consultants and brokers

Who We Are:

We are a leading global investment management firm offering high-quality research and diversified investment services to institutional clients, retail investors, and private-wealth clients in major markets around the globe. With over 4,000 employees across 57 locations operating in 26 countries and jurisdictions, our ambition is simple: to be the most trusted investment firm in the world. We realize that it's our people who give us a competitive advantage and drive success in the market, and our goal is to create an inclusive culture that rewards hard work. 

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: $200,000 to $250,000

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

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

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