Compensation & Reward Associate

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 Compensation & Rewards Specialist performs various functions in support of Lord Abbett’s total reward program by contributing to the overall compensation strategy, managing critical projects, and administering compensation programs. The role will analyze pay solutions relative to industry practices and will analyze comp through internal- and market-observations, industry surveys, and leader feedback, to aid the administration of the company’s total reward program.

We’ll trust you to:

• Support critical project work including but not limited to: Mapping and leveling the employee base to market hierarchies, modeling and assessing deferred comp alternatives, supporting the development of a compensation toolkit to support leader-led processes.
• Calibrate market comp ranges for open roles and new hires.
• Assess variances of firm/area/employee pay to market compensation.
• Review alignment of pay-and-performance, over time and during year-end.
• Support the development of special incentives (carried interest, co-investment, and/or phantom plans)
• Maintain and audit historical employee-level compensation details.
• Responsible for socializing role and pay changes to internal partners – collaborating with the FP&A/Comp Accounting/Payroll team on movements related to the population.
• Provide support in the administration of the organization’s year-end program.
• Responsible for maintaining and building management reports, trackers, and databases.
• Maintain confidential and sensitive compensation and/or financial data.
• Perform other duties as assigned within compensation, benefits, and human resources.

You'll need to have:

• Education: Bachelor’s degree in Business, Finance, Human Resources, Mathematics, Economics, or Accounting; require some years (2-4 years) of related work experience.
• Knowledge: Familiarity with standard concepts and practices in the human resources / compensation field.
• Strong judgment: Must have the ability to make decisions with conviction within the context of fluid information.
• Computer skills: Must be proficient with Microsoft applications (i.e., Excel, Word, PowerPoint, etc.). Related HR technology and/or systems experience is a plus.
• Research skills: Must possess a strong aptitude for research, analysis, and data management.
• People skills: Must possess the ability to influence and maintain relationships.
• Communications skills: Possess excellent communication skills.
• Discretion: Must possess the ability to maintain and protect sensitive data.
• Self-starter: Must possess the ability to work independently, while exercising proper judgment and sound decision making.
• Detail-oriented: Require meticulous diligence to achieve an elevated level of accuracy.      
• Organizational skills: Require the ability to set priorities and effectively manage multiple assignments in a dynamic environment.

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-$165,000. 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 - $165,000