Alternative Operations Associate

Job DetailExperience Level Sr LevelDegree Type Bachelor of Science (BS)Employment Full TimeWorking Type HybridJob Reference 0000019710Salary Type AnnuallyIndustry Asset ManagementSelling Points Contribute to innovative alternative investment operations in a dynamic hybrid environment. Collaborate with industry leaders to enhance operational processes and controls. Drive impactful projects in a globally recognized organization.Job DescriptionAlternative Operations Associate OverviewThe Alternative Operations Associate will support private credit and alternative investment operations, focusing on loan-based financings, preferred equity, and bespoke structures.Collaborate with portfolio managers, account managers, and external service providers to ensure accurate settlement and reporting of private loan investments.Engage in lifecycle management of private and originated loan trades, including settlement oversight and funding coordination.Provide expertise in credit agreement interpretation, loan accruals, and deal maintenance to support insurance and reinsurance clients.Enhance operational controls and oversee non-standard alternative transactions across the organization.Participate in cross-functional projects and process improvement initiatives to optimize operational efficiency.Liaise with vendors and custodians to support service enhancements and new product solutions.Contribute to strategic initiatives and special projects to drive organizational success.Alternative Operations Associate Key Responsibilities & DutiesSupport settlement and lifecycle management of private and originated loan trades, including loan-based financing and preferred equity.Provide operational coverage for portfolio managers, including deal settlement, funding coordination, and cash movements.Review and interpret credit agreements to operationalize key terms, including accrual mechanics and payment schedules.Educate service providers and internal partners on deal mechanics and structuring.Support complex loan amendments, restructurings, and other non-standard lifecycle events.Collaborate with account managers to address trade booking inquiries and reporting needs.Enhance controls and oversight for alternative transactions and bespoke loan financings.Manage cross-functional projects focused on process improvement and workflow development.Engage with vendors and custodians to support service upgrades and new product solutions.Alternative Operations Associate Job RequirementsBachelor’s degree in a relevant field is required.Minimum of 5 years of operational experience in private and direct originated debt or equity.Strong knowledge of loan-based products, including term loans, revolvers, and delayed draws.Hands-on experience with credit agreements, loan accruals, and deal maintenance.Familiarity with private equity fund frameworks and alternative investment structures.Proficient in Excel for analyzing large data sets efficiently.Proven track record in managing complex securities and financing instruments.Experience with fund accounting and lifecycle event recording for various asset classes.Ability to manage relationships with custody and accounting service providers.