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
Lord Abbett seeks a motivated and experienced individual to join its Fixed Income group as a CLO Structuring and Capital Markets Associate. The Associate would contribute to the launch of the Firm’s CLO management franchise. This individual will be part of the Bank Loan Team and will interact with investment and client service professionals across the firm. The role will include an opportunity to start on the ground floor of a new and exciting growth initiative while operating in a flat and dynamic team setting. In addition to contributing to the growth and management of the firm’s CLO management business, it is expected that this role will also involve new product development, fund raising, and client interaction.
We’ll Trust You To
- Engage with CLO Arranging Banks, Legal Counsel and Investors to assist in the structuring and execution of Lord Abbett’s CLOs
- Lead responsibility for deal modeling and forecasting
- CLO Warehouse set-up and approval
- Assist Lead PM(s) with all CLO primary, reset and refinancing activity
- Help manage all counterparty relationships
- Work with Lead PMs and Client Services in all CLO marketing efforts, coordinate and document investor outreach and activity
- Review and opine on legal documentation, respond to ad-hoc investor requests and resolve document stipulations between various stake holders
- Assist in all internal support for the deployment and execution of Lord Abbett’s CLO Management Program
- Tracking performance
- Industry analytics, comparable analysis and benchmarking
- Seeking appropriate approvals
- Fund investor correspondence
- Lead the organizational upkeep of all CLO Manager related databases
- Deal documents
- Marketing materials, DDQs, Correspondence, etc.
- Legal records
- CLO Equity Fund level information
You'll Need To Have
- 2-5 years of experience in CLO structuring within investment banking or asset management
- Bachelor’s degree in a quantitative discipline preferred
- Understanding of CLO structuring, rating agency methodology and comfort with legal documentation
- Experience with IntexCalc, Intex DealMaker, Excel and Powerpoint
- Self-starter, resourceful, with an ability to complete tasks with limited oversight
- Comfort operating in dynamic and entrepreneurial environment
- Ability to interact with a variety of groups and professionals across disciplines
- Strong work ethic, attention to detail, communication and presentation skills
Opportunities & Growth Avenues
- Opportunity to start on the ground floor of a new growth initiative within an already large and growing firm
- Cultivate lasting professional relationships both internally and externally and across functions
- Ability to significantly impact the set-up and buildout of the CLO management business
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-Led - 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 $125,000 - $175,000. 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.
