Albert was born in Vienna in 1970. She studied German philology, journalism and theatre studies before studying directing and screenwriting at the Film Academy Vienna. During her studies she also worked as an assistant director, script supervisor and actor.
Her short film Die Frucht deines Leibes was shown in the Finestra sulle Immagini programme at the Venice Film Festival in 1996. Her first feature film as director and screenwriter, Nordrand (1999), follows the friendship between an Austrian woman and a Serbian immigrant in Vienna. It screened in competition at the Venice Film Festival and won both the Vienna Film Award and the FIPRESCI Prize at the 1999 Viennale. Lead actress Nina Proll received the Marcello Mastroianni Award for her performance at Venice.
In 1999, Albert co-founded the independent production company coop99 with Jessica Hausner, Antonin Svoboda and Martin Gschlacht. In addition to directing her own films, she worked as a screenwriter and producer on other Austrian and European productions. Her credits include producing Darwin's Nightmare, co-writing and producing Jasmila Žbanić's Grbavica, and writing Michael Glawogger's Slumming.
Albert's second feature as director, Böse Zellen / Free Radicals, screened in competition at the Locarno Film Festival in 2003. She followed it with Fallen, which competed at the Venice Film Festival in 2006.