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
As a member of the Global Fund Finance team, the Global Fund Finance Senior Associate is responsible for supporting various aspects of Fund Administration with Treasury, Tax and Valuation oversight responsibilities for the Lord Abbett Mutual Funds, Interval Funds and Institutional Portfolios. This Senior Associate will apply quality assurance processes established by the Global Fund Finance team to assist in the oversight of the service providers, ensure compliance with tax regulations and oversee the accurate valuation of fund assets. The Senior Associate will also assist with a variety of ad hoc projects and follow internal escalation protocol related to the oversight of third-party fund administrators.
We’ll Trust You To
Perform a variety of tasks and oversight activities across the spectrum of fund administration areas of Valuation, Tax and Treasury:
- Work closely with investors, traders and analysts to research valuation issues.
- Review ricing exception reports and research market events.
- Proactively raise potential issues to senior members of the Pricing and Valuation group for review in advance of recommending fair value determinations.
- Support the ASC Topic 820 monthly fair value leveling reporting requirements.
- Prepare valuation reporting for Lord Abbett’s internal valuation councils and multiple fund boards.
- Perform reviews of RIC workpapers such as year end tax provisions and financial statement disclosures, federal and state tax returns, excise distribution calculations, asset diversification testing, monthly capital gain estimates and year end shareholder reporting.
- Assist in calculations of both monthly and quarterly dividends.
- Complete components of a risk focused oversight model that address all aspects of Fund Operations including, overseeing daily/monthly NAV calculations, reviews of key reconciliations, and expenses.
- Review the Funds’ financial statements, including the new Tailored Shareholder Reports.
- Review fund-related SEC regulatory filings and fund offering documents.
You'll Need To Have
- 2+ years’ experience in the investment management industry specifically related to mutual fund accounting, administration, auditing, and/or tax.
- Working knowledge registered investment companies.
- Knowledge of various asset classes (e.g., fixed income and equities) and complex instrument types (e.g., derivatives, bank loans and structured products
- Working knowledge of mutual funds taxation; Distributions, K1s,1099s and SEC reporting Annual reports, N-PORT.
- Strong work ethic and commitment to critical end of day responsibilities.
- Excellent verbal, written and presentation communication skills.
- Collaborative, adaptable, and innovative in the implementation of operational efficiencies.
- Flexibility, strong organizational and time management skills.
- Ability to work effectively as part of a cross functional team
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 $110,000-$120,000 . 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.
