Distressed Loan Closer

Recruiter
Jefferies
Location
London, United Kingdom
Salary
0
Posted
10 Sep 2022
Closes
10 Oct 2022
Ref
16799269
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Distressed Loan Closer

Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York with its European head office in London and staff in over 30 global cities, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, and wealth and asset management. Jefferies provides research and execution services in equity, fixed income, foreign exchange, futures and commodities markets, and a full range of investment banking services including underwriting, merger and acquisition, restructuring and recapitalisation.

Position Overview:

As a Jefferies Distressed Loan Closer, you will be maintaining a portfolio of Distressed LSTA loan trades from trade date through to settlement. You will be progressing a high volume of both par and distressed trades and ensuring effective client service. You will be required to work as part of a team effectively whilst being self-directed and hands-on.

Responsibilities include:

  • Drafting and reviewing of LSTA Distressed trade documents.
  • Training and encouraging the development new staff on Distressed Loans Processes, Distressed Bank Debt, Private Equity, Private Notes and Trade Claims Products and CLO's.
  • Liaising with trade counterparties, agent banks, legal counsel, both internal and external as required to ensure documents are in order for a smooth settlement.
  • Reviewing of Credit Agreements to assess transferability requirements and restrictions.
  • Liaising with the Operations trade settlements team to instruct the settlement of trades.
  • Keeping senior members of the loan sales and trading desk and closing team management of potential issues with trade settlements.
  • Escalation where needed.

Requirements:
  • Able to interpret CLO warehouse agreements to set up internal processes
  • Fully onboard warehouse internally and service throughout warehouse period
  • Tie out final economics with trustees and fund manager
  • Bachelor's Degree in Business or Finance
  • 7-10 Years' experience
  • Proven experience in Excel
  • Commercial awareness
  • Ability to multitask
  • Good verbal and written communication skills
  • Organized, able to work under pressure and within tight deadlines


At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and 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 law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.

It is currently Jefferies' policy that in order to enter any Jefferies office or participate in any Jefferies or client event in person, all employees be fully vaccinated and with a booster against COVID-19, or if they are not fully vaccinated with a booster, then on the morning of each day, all employees must test negative for COVID-19. Your acceptance of an offer means that you will comply with this policy and any amendments. You will be advised by your manager of your anticipated schedule to be in the office.

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