Who You’ll Work With:
The Fund of Hedge Fund (FoHF) Operations Analyst is responsible for the operational, accounting, and compliance controls for the AB Multi-Manager Alternative strategy. The strategy invests in a diversified portfolio of 20-30 blue chip, institutional quality hedge funds that provide diversification by investment style, time horizon, asset class and region. The role requires a strong understanding of the fund vehicles and investments, and will interact with the Portfolio Manager, Analyst, third-party Hedge Fund Managers, service providers, and other internal groups. The areas of responsibilities include, but are not limited to:
Fund Accounting
Trade Support
Liquidity Monitoring
Investment Management
Investment Data Maintenance
Performance Reporting and Board Reporting Support
Operational Due Diligence Oversight
What You’ll Do:
Fund Accounting
Engage with external Hedge Fund managers, fund administrator, shadow administrator, and other internal groups on valuations and accounting; escalate and resolve any issues.
Oversee the weekly, mid-month, and monthly valuations and transactions.
Oversee audit, audited financial statements preparation and investor tax reporting.
Trade Support
Work with internal groups and third-party providers to support subscription and redemption document preparation.
Record and reconcile trades in underlying Hedge Fund investments. Ensure investments comply with fund guidelines.
Monitor the fund liquidity for each underlying Hedge Fund investment and provide key notice dates to support Portfolio Manager decisions.
Produce a monthly cash calendar and liquidity report for the Portfolio Management team.
Investment Management
Assist with the Portfolio Planning process and investment forecasting.
Lead monthly Portfolio Planning calls with Portfolio Management team.
Organize quarterly performance review calls with underlying Hedge Fund managers.
Monitor and forecast client subscriptions and redemptions, fees and expenses, and other liquidity events.
Develop an understanding of the fund structure and the ability to interpret legal documents for underlying Hedge Funds.
Investment Data Maintenance
Work with AlternativeSoft and off-the-shelf products for Hedge Fund data and portfolio management; update returns from various sources like Bloomberg, Albourne, and HFR.
Maintain historical and planned portfolio excel sheets, collect manager letters and risk reports, and contribute to ad-hoc projects by gathering data from different sources.
Operational Due Diligence (ODD) Management
Manage the relationship with the external ODD research service provider.
Review ODD reports and audited financial statements of third-party Hedge Funds.
Coordinate and review background check for Hedge Fund key personnel.
Assist in the negotiation of side letter agreements with external Hedge Fund managers.
What We’re Looking For:
3+ years of experience in either accounting, operations, or fund administration.
Financial industry experience required; Hedge Fund-specific experience preferred.
Bachelor’s degree required.
Detail-oriented with an ability to problem-solve.
Ability to multi-task and prioritize with minimal oversight.
Excellent verbal and written communication skills; proactive communicator.
Strong Excel skills, ability to create macros
Who We Are:
About AB
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!
Nashville, TennesseeSkills Required
- 3+ years of experience in accounting, operations, or fund administration
- Financial industry experience
- Hedge Fund-specific experience
- Bachelor's degree
- Detail-oriented with problem-solving ability
- Ability to multi-task and prioritize with minimal oversight
- Excellent verbal and written communication; proactive communicator
- Strong Excel skills with ability to create macros (VBA)
AllianceBernstein Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about AllianceBernstein and has not been reviewed or approved by AllianceBernstein.
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Retirement Support — Retirement programs include a 401(k) with employer match and zero-fee management, plus an employee stock purchase plan and charitable contribution matching. These features form a strong pillar of the total rewards offering.
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Leave & Time Off Breadth — Time-off offerings extend beyond standard PTO to include paid volunteer time, sabbaticals, and periodic 'refresher' vacation. These provisions support work–life balance.
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Wellbeing & Lifestyle Benefits — Workplace perks include free lunches, free snacks, subsidized meals, and company-sponsored events alongside pretax commuter programs. Wellness resources such as fitness centers, wellness groups, and EAP access add day-to-day value.
AllianceBernstein Insights
What We Do
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $500 billion in assets under management. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
