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For Companies At a Glance
- Tasks: Manage complex funding structures and ensure accurate financial reporting.
- Company: Join Jefferies, a leading global investment banking firm with a diverse culture.
- Benefits: Competitive salary, career growth opportunities, and a supportive work environment.
- Why this job: Engage in dynamic finance projects and make a real impact in the investment banking sector.
- Qualifications: Qualified Accountant with 5+ years of experience in multi-entity setups and funding structures.
- Other info: Collaborate with trading desks and enhance financial processes in a fast-paced environment.
The predicted salary is between 72000 - 108000 £ per year.
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.
Role Overview
The VP is a senior technical accounting specialist responsible for overseeing the P&L, valuation and control environment for complex, multi entity Fixed Income funding structures. The role requires technical depth, strong judgement and the ability to explain accounting outcomes to senior management. You will be involved across the deal lifecycle, ensuring accurate booking, consolidation and reporting for structured transactions, many of which involve SPVs and non standard funding flows.
This position is ideal for a technical accountant seeking to specialise in Fixed Income and structured funding frameworks.
Key Responsibilities
Daily & Accounting Oversight
- Day 1 P&L review and attribution
- Presenting booking model flows and transaction structures to senior management
- Flash vs Actual analysis
- Fair value adjustments and local reporting requirements
- Assess inventory impacts and associated funding costs
- Trade lifecycle management across multiple entities
Month End & Technical Accounting
- Balance sheet substantiation
- Reconciliation of reported P&L to the ledger
- Booking of fair value adjustments
- Booking and analysis of local GAAP differences (including Hedge Accounting and CTA Hedging)
- Contribute to and challenge IPV outcomes
- Prepare management packs covering structured deals and P&L movement commentary
Control & Governance
- Lead enhancements to process and system flows to improve automation and control
- Act as technical SME during new product implementations or system builds
- Provide senior level commentary, insights and reporting
Person Specification
- Qualified Accountant with 5+ years PQE
- Strong technical accounting background across multi entity structures and funding frameworks
- Experience within Fixed Income and/or funding products in a Banking or Fund environment
- Understanding and application of accounting concepts such as hedge accounting, FX hedging and CTA hedging
- Knowledge of reserving methodologies and valuation adjustments
- Strong analytical mindset with high attention to detail
- Ability to communicate and present technical topics clearly to senior stakeholders
- Proven ability to identify issues, propose solutions, and work efficiently under pressure
- Confident in rationalising and automating processes
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Fixed Income Product Controller, VP employer: Jefferies
Contact Detail:
Jefferies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Fixed Income Product Controller, VP
✨Network Like a Pro
Get out there and connect with people in the industry! Attend finance events, webinars, or even casual meet-ups. Building relationships with folks at Jefferies or similar firms can give you insider info and might just land you an interview.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Talk about your experience with complex funding structures and how you've tackled challenges in the past. Make sure they see you as the go-to person for Fixed Income product control.
✨Be Ready for the Technical Questions
Brush up on your technical accounting knowledge and be prepared to discuss GAAP scenarios. They’ll want to know how you handle multi-entity setups and fair value adjustments, so have some examples ready to showcase your expertise.
✨Apply Through Our Website
Don’t forget to apply through the Jefferies website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team and ready to dive into the dynamic world of Fixed Income.
We think you need these skills to ace Fixed Income Product Controller, VP
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Fixed Income Product Controller role. Highlight your relevant experience, especially with complex funding structures and multi-entity setups. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of the trade lifecycle and accounting implications.
Showcase Your Technical Skills: Since this role requires a keen eye for detail and technical accounting knowledge, make sure to showcase any relevant qualifications or experiences. If you've worked with hedge accounting or FX hedging products, let us know!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to us. Plus, we love seeing candidates who take that extra step!
How to prepare for a job interview at Jefferies
✨Know Your Products Inside Out
Make sure you have a solid understanding of the Fixed Income products mentioned in the job description. Brush up on Structured Bonds, Interest Rate Derivatives, and any other relevant instruments. Being able to discuss these confidently will show that you're not just familiar with the terms but can also engage in meaningful conversations with the trading desk.
✨Master the Accounting Nuances
Since this role involves complex funding structures and various GAAP accounting scenarios, it's crucial to be well-versed in these areas. Prepare to discuss your experience with multi-entity setups and hedge accounting. Bring examples of how you've navigated similar challenges in past roles to demonstrate your expertise.
✨Build Relationships Early
Establishing rapport with the trading desk and other teams is key. During the interview, express your enthusiasm for collaboration and share any past experiences where you successfully built relationships in a fast-paced environment. This will highlight your ability to integrate into their team from day one.
✨Showcase Your Problem-Solving Skills
The role requires initiative and the ability to identify issues and implement solutions. Be prepared to discuss specific instances where you've improved processes or automated tasks in your previous roles. This will illustrate your proactive approach and readiness to enhance the control environment at Jefferies.
