Senior Associate, Private Credit

Lord, Abbett & Co. LLC; Chicago (IL); On-site; USD 170,000 - 190,000; Full time

Benefits offered by this job

Discretionary bonus

Competitive total rewards package

Retirement plans

Health & well-being programs

Job summary

Lord Abbett & Co. LLC is seeking a Senior Associate for its Private Credit Team. The role focuses on deep credit analysis, underwriting private credit investments, and supporting portfolio management decisions.

You will evaluate opportunities, perform due diligence, monitor portfolio companies, and assess value across sectors and structures. The position requires 1–4 years of underwriting experience with strong credit discipline and the ability to work within a fast-paced, large organization.

Qualifications

• 1–4 years of underwriting experience with a strong credit discipline.
• BA/BS degree required.
• Ability to work in a fast-paced, large organization.
• Excellent quantitative, communication, and time management skills.

Responsibilities

• Act as a deal team member in underwriting private credit transactions, including diligence and credit memo preparation.
• Analyze historical financial statements, KPIs, comparable company information/precedent transactions, identify and review industry reports to assist deal teams’ analysis of investment opportunities.
• Perform base case and downside case 3-statement modeling in support of investment recommendations and portfolio management.
• Coordinate analysis with our loan-only/private credit analysts to provide industry and market comp context for each transaction.
• Help support the broader private credit business as we grow including portfolio management, structuring and capital markets activities.
• Be able to effectively work in a small deal team setting with a collaborative mindset while managing multiple deal processes at the same time.
• Analyze credit documents such as loan agreements, amendments, and security agreements.

Skills

Credit analysis

Financial modeling

Due diligence

Portfolio management

Team collaboration

Communication skills

Education

Bachelor's degree

Tools

Excel

Job description

The Role

Our Private Credit Team team is seeking a Senior Associate to help drive performance across our private credit strategies. This role is focused on conducting deep credit analysis, structuring and underwriting private credit investments, and supporting portfolio management decisions. The Senior Associate will be responsible for evaluating investment opportunities, performing due diligence, monitoring portfolio companies, and assessing relative value across sectors and structures.

We’ll trust you to:

• Act as a deal team member in the underwriting potential private credit transactions including diligence and credit memo preparation


• Analyze historical financial statements, company KPIs, comparable company information/precedent transactions, identify and review industry reports to assist deal teams’ analysis of investment opportunities.


• Perform base case and downside case 3-statement modeling in support of investment recommendations and portfolio management


• Coordinate analysis with our loan only/private credit analysts to provide industry and market comp context for each transaction


• Help support the broader private credit business as we grow including portfolio management, structuring and capital markets activities


• Be able to effectively work in a small deal team setting with a collaborative mindset while managing multiple deal processes at the same time


• Analyze credit documents such as loan agreements, amendments, and security agreements

You\'ll need to have:

• 1-4 years of underwriting experience with a strong credit discipline


• Strong team first mind set and ability to work within a large organization in a fast paced environment


• Excellent quantitative, communication, and time management skills


• BA/BS degree required


• Position may be filled in either Jersey City, NJ or Chicago, Illinois

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$170,000-$190,000. 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 visitCareers | 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.