Alternative Operations Analyst

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?

Lord Abbett is seeking an Alternatives Operations Analyst to support Lord Abbett’s debut CLO platform and broader bank loan and private credit businesses.  The successful candidate will be responsible for ensuring tight integration between Lord Abbett, the CLO Trustee, and the Middle/Back Office Strategic Partner, and will own the reconciliation of data across each stakeholder.  Key responsibilities will include trade support, corporate action elections, reconciliation of cash & position breaks, security master and ratings data integrity, as well as regular and adhoc reporting.

We’ll trust you to:

• Support new fund launches by managing operations from the warehousing stage through the Closing & Effective Date, including approval of fund flows
• Review draft indentures for operational readiness and provide feedback to the structuring team
• Monitor trades within the CLO to ensure compliance with CLO indenture.
• Build and support warehouse borrowing bases and manage liquidity.
• Reconcile Lord Abbett’s positions, cash, and security master data with Trustee. Research and remediate discrepancies with an emphasis on documentation and attention to detail
• Review periodic reporting, including responsibility for monthly Trustee reports and quarterly approval of quarterly waterfall distributions with a focus on completeness and accuracy
• Perform ad-hoc requests for portfolio managers and trading desk
• Support trade life cycle for broadly syndicated bank loans and private credit across full suite of relevant products
• Own data integrity responsibilities for indenture compliance and portfolio management system

You'll need to have:

• Thorough understanding of broadly syndicated loan market, life cycle of leveraged loan investments, and nuances around trade settlement and corporate actions
• Ability to develop and maintain effective relationships with strategic partners
• Exceptional attention to detail and strong organizational skills
• Demonstrated ability of identifying and resolving complex problems
• Proven track-record of building and documenting operational processes and controls
• Ability to identify and execute process improvement

• Bachelor’s degree or equivalent
• Background in Finance or Accounting
• 3 years buy-side experience in a CLO (preferred) or loan operations role
• Excellent verbal and written communication skills
• Must be proficient in MS Excel. Experience with Python, SQL, and/or VBA is a plus.
• Experience with Private Credit operations a plus
• Strong analytical skills and a dedication to identifying and solutioning root causes of issues
• Experience with CLO indenture compliance systems, ClearPar, LendAmend, & WSO preferred

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 $140,000-$155,000. 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 CarefullyWithout 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.

Salary : $140,000 - $155,000