Associate Loan Operations
Associate Loan Operations
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$ 100000 - 120000
1 Vacancy
Job Description
Job Title: Loan Operations Associate Settlements & Servicing
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
- Adhoc 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 selfstarter 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 $100000 $120000
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 fulltime 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.
Required Experience:
IC
Employment Type
Full-Time
