Capital Markets Associate - Treasury

Category
Corporate Services
City
Jersey City

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 is seeking a talented and experienced finance professional to join our team as a Treasury Capital Markets Associate. The team is responsible for the execution of all credit facilities, debt issuance and other financing transactions that the firm undertakes at both the corporate and fund level. The Associate will play a key role in this capacity by assisting the Treasury Capital Markets Lead and the firm’s Treasurer in analyzing, executing, and managing financing transactions and capital markets activities, particularly for our growing Alternatives platform. This role will collaborate with key stakeholders across the firm including the CFO and the broader Finance team, Investments, Client Services, Risk and Legal.

We’ll trust you to:

  • Support the execution of all financing facilities across the firm, with a particular focus on the growing private credit and alternative investments franchise
  • Assist with the execution of any amendments, renewals and upsizing requests for all credit facilities, including the annual renewal of the firm’s ’40 Act redemption lines
  • Develop a deep understanding of the financing vehicles in place at the firm and fund level and provide subject matter expertise to different stakeholders across the firm
  • Manage and coordinate responses to due diligence questions from prospective lenders
  • Create peer benchmarking analyses of BDC capital structures across different stages of their maturity lifecycle
  • Assist with pro-forma analyses of borrowing base and understand various levers of liquidity for the BDC
  • Review Investment Committee memos of deals being funded and identify deal characteristics that make it suitable or unattractive for certain leverage facilities
  • Analyze all term sheets received from lenders, document strengths and merits of each facility and liaise with banks and external counsel to understand on-market terms and maintain internal trackers
  • Identify potential wallet opportunities for lenders and support the firm’s overall banking relationship strategy through detailed tracking of bank discussions for senior stakeholders
  • Work with the controllers to build systematic debt compliance monitoring
  • Run ad-hoc analyses of financial model projections where necessary and assist with the BDC’s long term objective of obtaining investment grade ratings to support subsequent bond issuance
  • Guide the development of management reporting as well as dashboards necessary for internal monitoring of leverage across different funds and particularly the BDC
  • Collaborate with a wide range of stakeholders across Investment teams, Client Services, Finance, Legal and IT

You'll need to have:

  • A minimum of 3-4 years of experience in investment banking or a buyside institution with a focus on debt capital markets activity
  • Direct experience in capital markets activities and arranging financing transactions
  • Ability to read through credit agreements and legal documents to understand and analyze terms, covenants and other obligations both as a borrower and a lender
  • Prior experience working on the capital markets desk of a prestigious BDC is a plus
  • Proficiency in Excel and PowerPoint is mandatory and familiarity with Bloomberg is a plus
  • Must have sound knowledge of a broad spectrum of capital structures and debt financing products as well as a desire to keep current on capital markets as they potentially relate to opportunities for Lord Abbett
  • Requires a solid understanding of accounting and financial reporting
  • Self-motivated individual with proven ability to work efficiently, effectively, and proactively both as part of a team and independently in a fast-paced, entrepreneurial environment.
  • Strong analytical and problem-solving skills, with demonstrated intellectual and analytical rigor
  • Excellent written and verbal communication skills,
  • Excellent project management skills to lead complex initiatives independently
  • Bachelor’s degree in Finance, Math, Economics, or similar areas of study

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 $150,000-$170,000. 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.

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