The Role
About Lord Abbett
Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.
From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.
We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.
Now that you know our history, are you ready to be part of our future?
Job Overview
The Alternative Products Operations Specialist will play a pivotal role within the team, overseeing the daily operational activities for Alternative Investments, including BDCs, CLOs, and Interval Funds. This role is integral to the development and adoption of Lord Abbett's Alternative product suite. The successful candidate will ensure efficient transaction processing, maintain intermediary platform connectivity, and uphold regulatory compliance, all while delivering exceptional service to clients and stakeholders.
Additionally, the Specialist will contribute to shaping the operational framework of new products and customized solutions. This includes selecting service providers, defining product processes, and integrating key data. The role requires close collaboration with various functions to deliver and manage products that meet the needs of Lord Abbett's global Institutional and Wealth Management clients.
We’ll Trust You To
- Collaborate closely with portfolio management, product strategy, distribution, legal, marketing, and compliance teams to ensure that our Alternative products are readily available and easily accessible to shareholders through our intermediary partners.
- Manage product initiatives to ensure new and existing products meet client operational and regulatory requirements.
- Build and enhance relationships with Custodians, Transfer Agents, key Wirehouse/Broker-Dealer home offices, and third-party vendors to accelerate product availability and data transparency.
- Collaborate with internal teams to review and implement broker-dealer and placement agent agreements.
- Ensure efficient transaction processing and reconciliation for both Alternative Investments and Interval Funds by key service providers.
- Serve as the primary point of contact for Transfer Agency / Intermediary Firm issues and escalated items.
- Lead the operational development of new products and customized solutions.
- Ensure all product operations comply with industry regulations and internal policies.
- Oversee operational components of product launches, capital activity, corporate actions, and communications.
- Coordinate with representatives from each distribution function to address ongoing projects, emerging ideas, issues.
- Partner with CS Technology to continuously evaluate and automate operational processes and procedures.
- Build and maintain strong professional relationships with stakeholders at all levels of the organization.
- Provide operational support during audits and inspections.
- Conduct market and competitive intelligence to inform product development.
- Identify trends in inquiries and collaborate with key stakeholders to develop solutions.
- Assist with special projects and internal ad hoc requests as needed.
You'll Need To Have
- 7+ years in the asset management industry, with a focus on alternatives and product management.
- Strong knowledge of alternative product offerings and wealth management distribution channels.
- Proven track record in supporting product development, including creating, launching, and supporting various investment vehicles.
- Relevant experience in technology strategy, leading technology innovation, and effective leadership of a high-performing technology organization.
- Experience building infrastructure that supports global distribution.
- Experience with operational processes, best practices, and industry standards.
- Ability to translate and articulate technical, operational, and regulatory information into understandable terms.
- Experience with vendor relationship management and handling large-scale contract negotiations.
- Capable of building strong professional relationships with an ability to influence at all levels of an organization.
- Demonstrated skills in driving results and surpassing goals.
Why Lord Abbett?
Lord Abbett is a leading global independent, privately held investment management company. We are active managers and invest where we believe we have a repeatable edge and can deliver alpha for our clients. Our vision is to be the most respected asset manager in the world, admired for our people, our performance, our relationships, and our organizational agility. This inspires the three pillars of our culture.
- Principles-Based - We empower our leaders to create an environment of trust.
- Performance-Oriented - We inspire our people to embody our values, excellence, responsibility, transparency & collaboration.
- Purpose-Driven - We instill a passion for always putting our clients' interests first.
We are honored to have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments and scored 100% on the Human Rights Campaign’s Corporate Equality Index, a measure of LGBTQ+ workplace equality.
Compensation Information: Annual base salary for this role is $130,000-$160,000. Salary is estimated for this role. Actual pay may be different.
Discretionary Bonus: Role may be eligible to receive an annual discretionary bonus. Discretionary bonuses are determined by several factors including, but not limited to, firm, team, and individual performance.
Benefits: Lord Abbett is committed to offering a competitive total rewards package to all eligible employees. Offerings include competitive total compensation, retirement plans, competitive health and well-being plans. To learn more about what we offer, please visit Careers | Lord Abbett
Lord Abbett is an equal employment opportunity employer. We are committed to providing equal employment opportunities to all qualified individuals without regard to the following legally protected characteristics: race, color, religion, sex, pregnancy, national origin, age, physical or mental disability, marital status, sexual orientation, sexual identity, caregiver status, military/veteran status, or any other characteristic protected by local, state or federal law. All employment decisions at Lord Abbett are based solely on the applicant’s relevant experience, skills and qualifications.
Important notice to Search Firms - Please Read Carefully
Without prior written agreement, Lord Abbett does not accept unsolicited submissions from employment agencies, search firms, placement services, or any similar provider (“Search Firms”) for employment opportunities. All candidates submitted by Search Firms to any employee or partner at our company without a written Search Firm agreement in place will be deemed the sole property of our company. In such circumstances, no fee, commission, or other compensation will be paid to such Search Firm in the event a candidate is hired by our company. To the extent a Search Firm has a written agreement in place, all introductions are position specific and should be directed to HR or the hiring manager, so we kindly request no unsolicited phone calls or emails.
