Treasury Billing Lead

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:

Lord Abbett is seeking a talented and experienced finance professional to join our team as the Treasury Billing Lead. Treasury is responsible for maintaining the firm’s financial stability through oversight of its balance sheet, liquidity, and capital resources consistent with enterprise objectives and initiatives. Reporting to the Treasurer, the Treasury Billing Lead will play a key role in this evolving team in its journey towards becoming a world-class function and strategic partner for the firm. The Lead will support the Treasurer by overseeing our client billing function for our Institutional & SMA business lines. This includes developing a strategy for the billing function itself, as well as managing the end-to-end billing process, including onboarding, account maintenance, fee calculations, invoicing, accruals, receivables, and revenue reconciliations. This role will work with key stakeholders across the firm including the CFO, the broader Finance team, Client Services, Product Strategy, Investments, Legal, Risk and technology partners.

We’ll trust you to:

• Lead all aspects of our client billing operations for our Institutional & SMA businesses, which includes executing fee calculations, client invoicing, process ownership, and client & front-office communications.
• Develop a comprehensive strategy to advance the evolution our billing function, enabling it to deliver operational excellence in support of the firm’s growth targets and scalability of the businesses.
• Collaborate with key business and technology stakeholders to develop a data strategy for client revenue and deliver value-added analytics & management reporting dashboards.
• Proactively seek opportunities to modernize revenue processes through automation and implementing new technology.
• Manage revenue accounting responsibilities including fee accrual calculations, general ledger entries, fee reconciliation and forecasting.
• Establish, implement, and maintain policies, procedures, and controls to ensure adherence to company principles and best-in-class standards.
• Create presentations & reporting dashboards for senior stakeholders such as the Managing Partner, CFO & other key leaders.
• Interface with external and internal auditors as required.

You'll need to have:

• 5-7 years of experience in the asset management industry
• Prior billing or revenue management experience is required, and experience with revenue management technology such as Revport is a plus
• Requires a solid understanding of accounting and financial reporting, particularly as it relates to the balance sheet and cash flow statements
• Self-motivated individual with proven ability to work efficiently, effectively, and proactively both as part of a team and independently in a fast-paced, entrepreneurial environment.
• Strong problem-solving skills, with demonstrated intellectual and analytical rigor as well as the ability to translate these complex analytical concepts into straightforward messages to enable strategic decision-making.
• Intellectual curiosity and desire for continual personal and professional growth, with high standards of quality.
• Demonstrated ability to learn and adapt to new systems and software quickly along with a keen attention to detail
• Excellent written and verbal communication skills
• Technical skills include: demonstrated proficiency and expertise with Microsoft applications (Outlook, Word, Excel, Access, Power Point); experience using data visualization (e.g. PowerBI) tools; familiarity with programming languages such as SQL, Python, SAS is desirable but not required
• Bachelor’s degree in Finance, Accounting, Economics, or similar areas of study.

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 instill a passion for always putting our clients' interests first. 

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 $120,000-$150,000. 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 CarefullyWithout 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.