Loan Operations; Associate

Company

Jefferies is a leading global, full service investment banking and capital markets firm, operating for more than 60 years with headquarters in New York City and major hubs including London — where you will be based. It offers a broad suite of services across investment banking, sales & trading, research, wealth & asset management, and merchant banking.

The firm is part of Jefferies Financial Group Inc. (NYSE: JEF) and employs over 7,700 people worldwide, with more than 40 offices across North America, Europe, the Middle East, and APAC.

The Loan Operations team is responsible for the settlement and loan life cycle events related to Jefferies’ purchase of secondary loans, Collateralized Loan Obligation and Total Return Swaps. The secondary loan market refers to the sale of loans that occur after syndication. It includes sales of trades of syndicated loans made by lenders in the original syndicate and those made by subsequent purchasers.

On the Loan Operations team your responsibilities would include, but are not limited to:

• Arranging the funding, purchase, and settlement of loans
• Interpret Credit agreements
• Reconciling settled positions
• Reconciling cash related to purchases, loan repayments, fees, etc.
• Processing business activity into Loan IQ
• Assisting product controllers with the accurate capture of details into the General Ledger
• Coordinating between Closers, Product Control, Treasury, and any other involved parties
• Calculating LOR, delayed comp, cost of carry payments when needed
• Coordinate and monitor payments and reconcile all differences with agent
• Ad-hoc tasks as needed related to business activity

• Thorough knowledge of Finastra LoanIQ and how to operationally process secondary loans, Collateralized Loan Obligation (CLO) and Total Return Swaps (TRS)
• Strong attention to detail, strong written and verbal communication skills
• Strong Excel skills (especially Pivot Tables and VLOOKUP), team player, proven ability as a self-starter, ability to think quickly under pressure
• Understanding of basic BBG, computer programing (SQL) and data set manipulation a plus, but not required