Loan Operations Specialist Job at Jefferies & Company, Inc.
Description
Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
Jefferies Group LLC, the largest independent, global, full-service investment banking and capital markets firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
Position Description:
The Loan Operations team is responsible for the settlement and loan life cycle events related to Jefferies’ purchase of secondary loans CLO and TRS. 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. As a member of 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
Qualifications
Desirable Qualifications:
Desirable Qualifications:
- Thorough knowledge of Misys LoanIQ and how to operationally process secondary loans
- 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
The salary range for this role is $105,000-$135,000.
At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.
Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.
All employees must follow Jefferies’ COVID-19 protocol policy, which is subject to change.
Primary Location: US-NJ-Jersey City
Job: Operations
Organization: Corporate
Schedule: Full-time
Job Posting: Dec 21, 2022, 5:11:06 PM
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