Howard Sprau
VP Private Credit Operations Manager - Alternative Investments @AllianceBernstein
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WORK HISTORY
VP Private Credit Operations Manager - Alternative Investments @AllianceBernstein
Nashville, TN, US
Manage Private Credit BAU’s on deal closings which include coordinating with portfolio management, accounting, finance, bank, trustee, and loan admin teams.• Successfully launched new Agent notice workflow using AB proprietary platform and integrating the use of AI resulting in more capacity within the operations team.• Heavily involved in new CLO, SMA’s and product launches such as AB Lend, Co-Invests & NAV loans.• Instituted automation of straight through trade processing, previously booked manually, for AB PCI but also the Custodian, Trustee & Loan Admin.• Created capacity during high volume periods with process enhancements to cash & par recons, building out/rebranding the offshore team.• Own Treasury and cash management functions for Private Credit BAU’s.• Reengineered the month end recon process resulting in a 10 to 5 business day sign off on all Positions, accruals and cash.• Focus on establishing and managing best practices and processes within loan operations by building out controls across workflows.• Actively manage the relationships with third party partners, including auditors, loan admins, custodian & trustee• Manage cross-functional projects to improve specific processes.• Extensive background in Syndicated loan servicing and reviewing loan documentation (Credit Agreements, Fee Letters etc.)
EDUCATION
St. John's University
Bachelor's degree, Finance, General
SKILLS
ABOUT HOWARD SPRAU
As the VP Private Credit Operations Manager for Alternative Investments at AllianceBernstein, L.P, I have successfully managed Private Credit BAU\'s on deal closings by coordinating with portfolio management, accounting, finance, bank, trustee, and loan admin teams. I also launched a new Agent notice workflow using AB proprietary platform and integrating the use of AI, resulting in more capacity within the operations team.In addition, I have been heavily involved in new CLO, SMA\'s and product launches such as AB Lend, Co-Invests & NAV loans. I instituted automation of straight through trade processing, previously booked manually, for AB PCI but also the Custodian, Trustee & Loan Admin. I created capacity during high volume periods with process enhancements to cash & par recons, building out/rebranding the offshore team.I own Treasury and cash management functions for Private Credit BAU\'s and reengineered the month-end recon process resulting in a 10 to 5 business day sign off on all Positions, accruals, and cash. My focus is on establishing and managing best practices and processes within loan operations by building out controls across workflows.I support the firm\'s Private Credit Investment team with settlement oversight and life cycle management on private originated loan transactions and provide necessary oversight and serve as an escalation point to loan administrator. I actively manage the relationships with third-party partners, including auditors, loan admins, custodian & trustee.I manage cross-functional projects to improve specific processes and develop accurate controls and oversight for the back office. My advanced analytical skills have helped improve productivity and operational processes. I also have an extensive background in Syndicated loan servicing and reviewing loan documentation (Credit Agreements, Fee Letters, etc.).
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