CLO Associate Research Analyst

Lord Abbett•Jersey City, NJ

16d•$130,000 - $175,000•Onsite

About The Position

The Role Our Specialty Finance investment team is in search of a CLO Associate Research Analyst to help maximize the performance of our CLO Investment capabilities. The primary focus of the role is to establish, document, and communicate credit and fundamental views that drive alpha at the subsector and security level for Lord Abbett’s Fixed Income franchise. The Associate Research Analyst is responsible for primary pipeline surveillance; industry, manager and position surveillance; structural and collateral analysis; and relative value assessments. This role provides an opportunity to interact with multiple investment teams in a highly collaborative and dynamic organization. This role is based in our Jersey City, New Jersey office and reports to a Portfolio Manager (Specialty Finance). We’ll trust you to: Incorporate a rigorous qualitative and quantitative approach to idea generation, research and surveillance that will help in shaping manager and sector strategy, as well as collateral and deal performance Actively monitor key issuance trends and figures in the BSL CLO, Middle Market / Private Credit CLO, Infrastructure CLO and CBO markets, spanning across both the US and European markets Play a key role in the initiation and generation of CLO investment ideas in collaboration with Portfolio Managers while embracing Lord Abbett’s investment philosophy and process Conduct monthly surveillance on the existing portfolio, and publish commentary highlighting manager-level and CUSIP-level performance, trends, and key insights Produce written credit reviews pertaining to timely investment opportunities as they arise across primary and secondary markets Develop a deep understanding of the various structures and documentation in the market by fully engaging with CLO managers directly Create, publish and elevate content for consumption of the broader Taxable Fixed Income department to drive insight into investments beyond the scope of CLO Work closely with Portfolio Managers to vet and shape our sector-level and bond-level recommendations to effect alpha-generating investment ideas for our clients Design and build credit-oriented scenarios via cashflow modeling software and/or in-house proprietary models to support both new investment ideas and ongoing surveillance of existing positions Help maintain a database containing data from but not limited to monthly trustee reports, quarterly note valuation reports, underlying loan level details, ad hoc manager data, and bond level price / spread data

Requirements

2-5 years of experience in Securitized Products or Leveraged Finance; CLO experience a plus
Experience on the buy side or sell side highly valued
Strong organizational skills and attention to detail to work across many sectors
Critical thinking and proactive problem-solving skills driven by self-starter mentality
Effective written and verbal communication style
Flexibility to juggle multiple priorities and projects of varying urgency
Kanerai, Intex, Bloomberg, SQL, R and/or Python skills a plus
Bachelor’s degree or equivalent

Nice To Haves

MBA and/or CFA designation are viewed positively but not required

Responsibilities

Incorporate a rigorous qualitative and quantitative approach to idea generation, research and surveillance that will help in shaping manager and sector strategy, as well as collateral and deal performance
Actively monitor key issuance trends and figures in the BSL CLO, Middle Market / Private Credit CLO, Infrastructure CLO and CBO markets, spanning across both the US and European markets
Play a key role in the initiation and generation of CLO investment ideas in collaboration with Portfolio Managers while embracing Lord Abbett’s investment philosophy and process
Conduct monthly surveillance on the existing portfolio, and publish commentary highlighting manager-level and CUSIP-level performance, trends, and key insights
Produce written credit reviews pertaining to timely investment opportunities as they arise across primary and secondary markets
Develop a deep understanding of the various structures and documentation in the market by fully engaging with CLO managers directly
Create, publish and elevate content for consumption of the broader Taxable Fixed Income department to drive insight into investments beyond the scope of CLO
Work closely with Portfolio Managers to vet and shape our sector-level and bond-level recommendations to effect alpha-generating investment ideas for our clients
Design and build credit-oriented scenarios via cashflow modeling software and/or in-house proprietary models to support both new investment ideas and ongoing surveillance of existing positions
Help maintain a database containing data from but not limited to monthly trustee reports, quarterly note valuation reports, underlying loan level details, ad hoc manager data, and bond level price / spread data

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.

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