Director, Private Credit

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:

We are looking for a Director, Private Credit to join our newly established team to both originate and lead deals.

We’ll trust you to:

• Lead deal teams in the underwriting of private credit investment opportunities (with a focus on sponsor backed senior cash flow / unitranche loans)  including diligence, credit memo preparation, legal documentation/negotiation, and investment committee presentation
• Coordinate analysis with our loan only/private credit research analysts to provide industry and market comp context for each transaction
• Be able to effectively manage deal teams through all parts of the underwriting process from initial review to final approval and performance monitoring, while covering multiple transactions and portfolio companies at the same time
• As our private credit platform continues to scale, cover US private equity sponsors and other sources of deal flow and develop meaningful relationships across the market over time

You'll need to have:

• 6+ years of credit underwriting or other related/relevant experience with a strong credit discipline
• Excellent modeling, analytical and research skills
• Exemplary history of loan performance
• Strong team building skills, desire and ability to train and mentor Associates 
• Excellent quantitative, communication, and investment management skills
• BA/BS degree required
• MBA degree, CFA designation 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-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 embrace our mission, securing a sustainable future for our clients, our people, and our world.

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 $200,000 - $250,000. 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.