The RoleOur 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
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 visit Careers | Lord Abbett
