Senior Associate, Credit Manager

Who You’ll Work With

The Senior Associate, Credit Manager will be part of a team focused on building the correspondent network sourcing channel and investment strategy for AB CarVal U.S. loan portfolios. This role will report to the Director, Investment Operations and will be located in Minnesota.

Responsibilities

• Create and maintain underwriting guidelines and credit criteria.
• Develop and implement the mortgage originator onboarding and diligence process in collaboration with internal functions.
• Assess, manage, and monitor credit risk associated with loan portfolios sourced through correspondent networks.
• Evaluate creditworthiness of potential borrowers by analyzing financial data, credit reports, and other relevant information.
• Determine appropriate credit limits, terms, and conditions for investments in partnership with internal teams.
• Ensure compliance with credit policies, guidelines, and regulatory requirements through close collaboration with internal teams across various functions.
• Implement and maintain the due diligence review process of all loans sourced via the correspondent networks.
• Monitor portfolio performance on an ongoing basis and conduct regular credit reviews to identify potential risks and opportunities for improvement.
• Develop and implement risk mitigation strategies to protect the organization's interests and optimize investment returns.
• Develop and maintain a quality control review process, including direct communication with third-party vendors to ensure compliance with requirements.
• Provide insights and recommendations to support decision-making related to investment opportunities and portfolio management.
• Communicate regularly with senior management and internal stakeholders to provide updates.
• Continuously improve credit risk assessment processes and procedures.

Requirements

• Bachelor’s degree in accounting, finance, economics, business, or related field.
• 5+ years of experience in credit risk management in the mortgage or banking industries.
• Knowledge of credit analysis techniques, scoring models, and risk assessment methodologies.
• Demonstrated strong analytic skills and the ability to evaluate financial data.
• Experience with regulatory and compliance standards.
• Proficiency in Microsoft Excel, including financial modeling and analysis.
• Excellent oral and written communication skills.
• Strong organization and detail orientation skills.

About the Company

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, investing $155 billion in 5,850 transactions across 82 countries. Today, AB CarVal has approximately $20 billion in assets under management. The firm has a 38-year history, strong track record, and an established reputation in asset-based finance with a team of approximately 74 investment professionals in the US, Europe, and Asia. A key differentiator is the firm’s robust global network of established relationships with operating platforms and partners.

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.

Pay

In accordance with applicable law, the base annual salary for this role ranges from $110,000 to $155,000. 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 one component of total compensation at AB CarVal, which may also include commissions, year-end incentive compensation, short- and long-term incentives, and Department-specific awards for eligible employees.

Benefits

• Health insurance coverage.
• Employee wellness program.
• Life and disability insurance.
• Retirement savings plan.
• Paid holidays, sick, and vacation time off.