What are the responsibilities and job description for the Loan Operations Associate position at Jefferies LLC and Careers?
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 $80,000-$100,000.
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Salary : $80,000 - $100,000