Private Credit Operations Associate

Lord Abbett is seeking a highly motivated and detail-oriented individual to join our Private Credit Operations team. This role will be critical in supporting the middle and back-office functions for the firm’s private credit investments, including loan operations, trade settlement, data integrity, fund reporting, and third-party coordination.

• Support the full trade lifecycle for private credit transactions (e.g., bilateral loans, syndicated loans, revolvers, delayed draw term loans, structured credit instruments).
• Coordinate and review loan closings and capital activity with internal deal teams, fund accountants, administrators, custodians, and agent banks.
• Track and reconcile cash flows related to interest payments, amortization schedules, capital calls/distributions, fees, and paydowns.
• Maintain accurate investment data in internal systems, including position-level details, pricing, and credit terms.
• Liaise with external service providers including fund administrators, loan agents, custodians, and technology vendors to ensure timely and accurate reporting.
• Assist in the onboarding of new investments and counterparties, including KYC and operational setup.
• Collaborate with investment, finance, and legal/compliance teams to streamline workflows and ensure data integrity across systems.
• Assist with audits, compliance reviews, and investor reporting requirements.
• Contribute to process improvement, automation, and technology initiatives aimed at scaling operations and reducing risk.
• Oversight of daily operations activities at external service providers to ensure timely and accurate asset servicing on internal and third-party platforms.  This will include the setup of new issuer/deal records, credit facilities/securities, new trade booking, guideline monitoring, lifecycle activity, corporate actions, collateral & covenant monitoring, reconciliations, and final disposition of all portfolio holdings

• Bachelor’s degree in Finance, Accounting, Business, or related field.
• 2-4 years of relevant experience in credit operations, loan servicing, middle office, or fund administration (private credit, direct lending, or syndicated loans preferred).
• Understanding of private credit instruments, legal documentation, and the loan settlement process.
• Excellent Excel skills; comfort working with large datasets and reconciling across systems.
• High attention to detail and a strong sense of accountability and ownership.
• Proven ability to manage multiple priorities and work in a fast-paced, deadline-driven environment.
• Strong interpersonal and communication skills; able to work effectively across teams and with external counterparties.
• Familiarity with CLOs, BDCs, or structured credit vehicles is a plus.
• Proficiency in Python and/or SQL is a plus.

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 $95,000 - $110,000. 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.