CLO Associate Research Analyst

The Role

Our Specialty Finance investment team is in search of a CLO Associate Research Analyst to help maximize the performance of our CLO Investment capabilities. The primary focus of the role is to establish, document, and communicate credit and fundamental views that drive alpha at the subsector and security level for Lord Abbett’s Fixed Income franchise. The Associate Research Analyst is responsible for primary pipeline surveillance; industry, manager and position surveillance; structural and collateral analysis; and relative value assessments. This role provides an opportunity to interact with multiple investment teams in a highly collaborative and dynamic organization. This role is based in our Jersey City, New Jersey office and reports to a Portfolio Manager (Specialty Finance).

We’ll trust you to:

• Incorporate a rigorous qualitative and quantitative approach to idea generation, research and surveillance that will help in shaping manager and sector strategy, as well as collateral and deal performance
• Actively monitor key issuance trends and figures in the BSL CLO, Middle Market / Private Credit CLO, Infrastructure CLO and CBO markets, spanning across both the US and European markets
• Play a key role in the initiation and generation of CLO investment ideas in collaboration with Portfolio Managers while embracing Lord Abbett’s investment philosophy and process
• Conduct monthly surveillance on the existing portfolio, and publish commentary highlighting manager-level and CUSIP-level performance, trends, and key insights
• Produce written credit reviews pertaining to timely investment opportunities as they arise across primary and secondary markets
• Develop a deep understanding of the various structures and documentation in the market by fully engaging with CLO managers directly
• Create, publish and elevate content for consumption of the broader Taxable Fixed Income department to drive insight into investments beyond the scope of CLO
• Work closely with Portfolio Managers to vet and shape our sector-level and bond-level recommendations to effect alpha-generating investment ideas for our clients
• Design and build credit-oriented scenarios via cashflow modeling software and/or in-house proprietary models to support both new investment ideas and ongoing surveillance of existing positions
• Help maintain a database containing data from but not limited to monthly trustee reports, quarterly note valuation reports, underlying loan level details, ad hoc manager data, and bond level price / spread data

You'll need to have:

• 2-5 years of experience in Securitized Products or Leveraged Finance; CLO experience a plus
• Experience on the buy side or sell side highly valued
• Strong organizational skills and attention to detail to work across many sectors
• Critical thinking and proactive problem-solving skills driven by self-starter mentality
• Effective written and verbal communication style
• Flexibility to juggle multiple priorities and projects of varying urgency
• Kanerai, Intex, Bloomberg, SQL, R and/or Python skills a plus
• Bachelor’s degree or equivalent; MBA and/or CFA designation are viewed positively but not required

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 have been ranked #1 in Barron’s Best Fund Families for 2024 and have earned recognition as one of the Best Places to Work in Money Management by Pensions & Investments for five consecutive years.

Compensation Information: Annual base salary for this role is $130,000 - $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.

Salary : $130,000 - $175,000