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 Separately Managed Accounts (SMA) business within Lord Abbett is growing and we are seeking a unique individual to join as an SMA Operations Associate. Integrated within Client Services, the SMA Operations group is essential to ensuring our investment professionals can drive investment performance with accurate and timely access to data. As a member of the SMA Operations team, you will have a unique opportunity to not only support a growing and thriving SMA business but also be empowered to play a key role in developing our future state operating model focused on delivering scale and efficiency. You will also be tasked to collaborate with our strategic partners to ensure exceptional service delivery.
We’ll Trust You To
- Oversee the daily activity for new account restrictions, transfer in-kinds, state preference codification, strategy changes, tax-loss harvesting requests, model delivery etc working closely with our service provider and PAM Team to resolve any issues.
- Research account discrepancies by partnering with internal stakeholders as well as our service provider to resolve items in a timely manner
- Respond to both internal & external inquiries within agreed upon SLA’s
- Monitor daily account freeze notifications and escalate issues appropriately
- Coordinate new sponsor platform and strategy launches with internal stakeholders and vendors to ensure the operational setup is complete
- Support FA/RIA customized relationships and drive operational alpha through consistently improving the onboarding process and providing the highest level of client service
- Act as a change agent and look to identify opportunities for process improvements
- Actively contribute to the development of the future state operating model
- Become a subject matter expert on all things SMA related with a firm understanding of Lord Abbett’s Fixed Income and Equity products, platform availability and fees.
You'll Need To Have
- Ability to prioritize multiple tasks, while meeting deadlines
- Outstanding attention to detail
- Strong analytical and problem-solving skills
- Excellent organizational and follow-up skills
- Customer-focused; professional attitude; good interpersonal, verbal and written communication skills
- Work independently and collaboratively within the team
- Minimum 0-3 years’ experience in the investment industry specifically SMA / wrap programs
- Knowledge and experience of Security APL application is a plus
- Microsoft Excel-Ability to run data analysis and utilize pivot tables
- Bachelor’s degree-Accounting or Finance preferred
- Interest in obtaining Series 7, 66, and SIE licenses
- Currently pursuing or interest to pursue obtaining the CFA/MBA credentials
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 $90,000-$105,000 . 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.
