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- Tasks: Join the Loan Operations team to manage loan settlements and lifecycle events.
- Company: Jefferies, a global leader in investment banking and capital markets.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Why this job: Be part of a dynamic team making impactful financial decisions.
- Qualifications: Experience with Finastra LoanIQ and strong Excel skills are preferred.
- Other info: Inclusive workplace committed to diversity and equal opportunity.
The predicted salary is between 28800 - 48000 £ 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 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.
Responsibilities:
- Arranging the funding, purchase, and settlement of loans
- Interpreting 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
- Coordinating and monitoring payments and reconciling all differences with agent
- Ad-hoc tasks as needed related to business activity
Qualifications:
- 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 programming (SQL) and data set manipulation a plus, but not required
Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that 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 applicable law.
Loan Operations in London employer: Jefferies
Contact Detail:
Jefferies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Operations in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Jefferies. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Finastra LoanIQ and the loan life cycle. Show us you know your stuff, and don’t forget to highlight your attention to detail!
✨Tip Number 3
Practice your Excel skills! Get comfortable with Pivot Tables and VLOOKUPs, as these will be crucial in your role. We love seeing candidates who can hit the ground running.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you're serious about joining the team at Jefferies.
We think you need these skills to ace Loan Operations in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Loan Operations role. Highlight your experience with Finastra LoanIQ and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the Loan Operations position and how your background makes you a great fit. Keep it concise but impactful, and let your personality show!
Showcase Your Attention to Detail: In a role like this, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best work right from the start!
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 follow our process!
How to prepare for a job interview at Jefferies
✨Know Your Loan Operations Inside Out
Before the interview, make sure you have a solid understanding of the loan operations process, especially regarding secondary loans, CLOs, and TRS. Brush up on your knowledge of Finastra LoanIQ, as this will be crucial for the role.
✨Excel Skills are Key
Since strong Excel skills are a must-have, practice using Pivot Tables and VLOOKUP functions. You might even want to prepare a few examples of how you've used these skills in past roles to demonstrate your proficiency during the interview.
✨Communicate Clearly and Confidently
Given the importance of communication in this role, practice articulating your thoughts clearly. Prepare to discuss how you've coordinated with different teams in the past, as this will show your ability to work collaboratively.
✨Be Ready for Problem-Solving Scenarios
Expect to face some situational questions that test your problem-solving abilities under pressure. Think of examples from your previous experiences where you had to think quickly and resolve issues effectively, as this will showcase your capability to handle the demands of the job.
