Associate, Loan Operations
Job Title: Loan Operations Associate
Position Description:
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
Desirable Qualifications:
Thorough knowledge of Finastra LoanIQ and how to operationally process secondary loans, CLO, 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
Primary Location Full Time Salary Range of $100,000 - $120,000
The salary offered will take into consideration an individuals experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part- time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full time employees, paid parental leave.
Apply Now
Position Description:
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
Desirable Qualifications:
Thorough knowledge of Finastra LoanIQ and how to operationally process secondary loans, CLO, 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
Primary Location Full Time Salary Range of $100,000 - $120,000
The salary offered will take into consideration an individuals experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part- time employees, who are scheduled to work at least 30 hours or more per week, including an annual discretionary incentive and retention bonus, competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Jefferies also offers paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full time employees, paid parental leave.
Apply Now