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- Tasks: Join our Loan Closing team to manage and execute EMEA Loan trades efficiently.
- Company: Jefferies is a global investment banking and securities firm with a commitment to diversity and innovation.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and a culture that values your input.
- Why this job: Be part of a collaborative team that drives change and supports clients in a fast-paced setting.
- Qualifications: Bring your knowledge of loan documentation and strong communication skills to excel in this role.
- Other info: Ideal for detail-oriented individuals who thrive under pressure and are passionate about client service.
The predicted salary is between 43200 - 72000 £ per year.
The Loan Closing team supports the Loan Sales and Trading desks to ensure smooth execution, allocation and settlement of all EMEA Loan trades. The team will work closely with clients and key internal stakeholders to resolve exceptions and ensure timely settlement.
Role
The role is to work within the team structure and processes to ensure the Loan business is supported appropriately and that our clients and internal stakeholders receive excellent levels of service. Represent the team and department in a professional, collaborative and commercially aware manner.
Key Responsibilities
- Working in a dynamic environment to manage the full portfolio and Closing of PAR and Distressed LMA and LSTA loan trades.
- Ability to manage the trade portfolio, across multiple business lines, following all trades from Trade Date to Settlement whilst minimising age profile and driving reduced settlement timeframes.
- Ensuring all new trades and fund allocations are added and set up within internal systems.
- Review of underlying credit documentation (focus on Transfer and Tax mechanics) to ensure accurate transfer of positions.
- Drafting of Loan Trade Closing documentation – including Trade Confirmations, Transfer Documents, Pricing Letters (amongst others) when not closing via electronic platform.
- Coordinating with Trader, sales and Legal (internal and external) on proposed changes to Trade documents.
- Identifying and escalating issues to the front office traders/ sales, in-house legal counsel, compliance and management where necessary.
- Working directly with clients, internal partners and external Agents to resolve issues and ensure smooth closing of all trades.
- Prepare and review settlement calculations including delayed compensation, cost of carry and benefit of commitment reductions.
- Co-ordination and timely solution of any post trade settlement cash queries with internal and external clients to ensure clear bank account nostro.
- Responsible for waiver and amendment monitoring for credits across portfolio and action them with internal stakeholders where necessary, including bankruptcy and restructurings.
- Managing and monitoring our data room sites with public and private information for our clients, acting as a gate keeper for the desk.
- Keep up to date with market initiatives to ensure the Firm is adopting change (i.e. changes to LMA Standard Terms and Conditions etc).
- Working on internal projects and initiatives designed to improve automation and strengthen the teams control environment across our global franchise.
Skills Required
- Extensive knowledge of the LMA market.
- Subject matter expertise in relation to loan transfer documentation and loan closing.
- Knowledge of Loan IQ, Debt Domain and ClearPar would be beneficial.
- Knowledge of information wall barriers preferred.
- Strong PC skills Excel, Word and PowerPoint.
- Excellent oral and written communication skills.
- Self-motivation with tangible examples of demonstrating drive and initiative.
- Demonstrate you are a detail orientated individual that can multitask efficiently under pressure in a fast-paced environment.
- Must have excellent client service skills with both internal and external clients.
- An excellent team player and a partner to all internal stakeholders across the Firm.
- Ability to identify risk and escalate appropriately.
Loan Closer, AVP employer: Jefferies LLC
Contact Detail:
Jefferies LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Closer, AVP
✨Tip Number 1
Familiarise yourself with the LMA market and loan transfer documentation. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the loan closing and trading sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the day-to-day responsibilities.
✨Tip Number 3
Brush up on your knowledge of Loan IQ, Debt Domain, and ClearPar. If you have experience with these systems, be ready to discuss how you've used them in past roles to streamline processes.
✨Tip Number 4
Prepare to showcase your client service skills during the interview. Think of specific examples where you've successfully resolved issues for clients, as this is crucial for the Loan Closer role.
We think you need these skills to ace Loan Closer, AVP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan closing and your understanding of the LMA market. Use specific examples that demonstrate your expertise in managing trade portfolios and your ability to work under pressure.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Loan Closer position and explain how your skills align with the key responsibilities outlined in the job description. Mention your client service skills and your ability to collaborate with internal stakeholders.
Showcase Relevant Skills: Emphasise your knowledge of loan transfer documentation and any experience with systems like Loan IQ or Debt Domain. Highlight your strong PC skills and your ability to multitask efficiently in a fast-paced environment.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Jefferies LLC
✨Know Your Loan Documentation
Familiarise yourself with loan transfer documentation and the specifics of LMA and LSTA loan trades. Being able to discuss these topics confidently will demonstrate your expertise and show that you understand the nuances of the role.
✨Showcase Your Client Service Skills
Prepare examples of how you've successfully managed client relationships in the past. Highlight your ability to resolve issues and ensure smooth transactions, as this is crucial for the Loan Closer position.
✨Demonstrate Attention to Detail
Be ready to discuss how you manage multiple tasks under pressure while maintaining accuracy. Provide specific instances where your attention to detail has positively impacted a project or outcome.
✨Understand the Importance of Collaboration
Emphasise your experience working with various stakeholders, including traders, sales, and legal teams. Show that you can represent the team professionally and work collaboratively to achieve common goals.
