Investor Operations - Associate at Jefferies LLC
Jefferies LLC · New York, United States Of America · Onsite
- Professional
- Office in New York
Jefferies Credit Partners LLC (“JCP”) is a leading private credit manager and the asset management arm of Jefferies Finance LLC (“JFIN”). JFIN was founded in 2004 as a 50/50 joint venture between Massachusetts Mutual Life Insurance Company (“MassMutual”), a global, diversified life insurance and financial services organization, and Jefferies, a leader in global investment banking. JFIN is a commercial finance company that primarily arranges, manages, and invests in senior secured loans to corporate borrowers, with approximately $23BN of investable capital. JCP is the investment management division of the Firm and invests primarily across three private credit strategies: Large Cap direct lending, Middle Market direct lending, and private credit CLOs. JCP provides investors with access to its investment opportunities through various products including commingled funds, business development companies (“BDC”), separately managed accounts, and securitized products.
Investor Operations - Position Overview:
We are seeking a motivated experienced Associate to support investor operations primarily for our BDC, and other products as needed. This is a newly created role given the growth and expected momentum of the firm and the BDC. The candidate will focus on supporting and managing the onboarding of investors, and will require coordination with advisors, custodians, administrator, transfer agent, treasury and distribution platforms. While this is an operational-focused role, we are seeking a candidate who is comfortable communicating often with advisors and other JCP teams. This role will liaise closely with the Finance, Business Development, and Legal and Compliance teams. Primary duties and responsibilities include but are not limited to:
Job Description:
- Assist in the operational aspects of onboarding investors to the BDC and other products, including subscription document coordination and AML review with the administrator, transfer agent and with distribution platforms
- Provide real-time updates to advisors, finance, and business development teams during the onboarding process
- Track incoming wires from investors against completed subscription agreements
- Handle any operational inquiries and questions from advisors and investors during onboarding and throughout the investment hold period
- Identify, develop and document operational procedures for ongoing fund maintenance both internally and with distribution platforms
- Develop strong understanding of distribution partners’ operational platforms
- Assist in ongoing ad hoc projects to support the BDC and its expansion with the Business Development team
The successful candidate must have:
- Bachelor’s Degree
- 4-6 years of financial industry experience; BDC or open-ended fund experience is preferred but not required
- Understanding of financial advisor and distribution platforms
- Experience with onboarding investors and understanding of subscription document package is preferred
- Fluency with Microsoft Office applications (including Excel, Word and PowerPoint)
- Strong verbal and written communication skills
- Ability to identify and summarize issues and recommendations
- Flexibility to work towards demanding deadlines and high priority deliverables outside of standard business hours
- Must be self-started; able to work independently and also with other teams
- Unquestionable integrity and work ethic
Primary Location Full Time Salary Range of $120,000 - $130,000.
Company
Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.
At Jefferies, we are committed 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 committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable 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 disabilities, as required by applicable law.
The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time 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.
Job applicants must have valid United States work authorization. Applicants for this position are not eligible for employer H-1B visa sponsorship, now or in the future.
