Hybrid CLO Associate, Loan Closer chez Jefferies LLC
Jefferies LLC · Jersey City, États-Unis d'Amérique · Hybrid
- Junior
- Bureau à Jersey City
We are seeking a highly motivated and detail-oriented CLO Associate / Loan Closer to join our team. This individual will be responsible for managing the day-to-day operations of CLO warehouses, overseeing trade settlements, and ensuring accurate and timely documentation and reconciliation across multiple systems and stakeholders.
Key Responsibilities:- Oversee daily activity of CLO warehouses, including communication of trade flow between fund managers and TRS providers, and resolution of discrepancies.
- Enter and close CLO warehouse trades in LoanIQ (LIQ) to maintain accurate position tracking.
- Interpret warehouse legal documentation to monitor and manage the full trade lifecycle.
- Reconcile warehouse economics with CLO fund managers to ensure alignment.
- Manage trade portfolios across multiple business lines, ensuring timely settlement and minimal open trade aging.
- Set up and maintain new trades and fund allocations in internal systems.
- Draft loan trade closing documentation (e.g., trade confirmations, transfer documents, pricing letters) when not using electronic platforms.
- Coordinate with traders, sales, and legal teams (internal and external) on trade documentation and amendments.
- Escalate issues to front office, legal, compliance, or management as needed.
- Liaise with clients, internal teams, and external agents to ensure smooth trade closings.
- Prepare and review settlement calculations, including delayed compensation, cost of carry, and commitment reduction benefits.
- Resolve post-trade settlement cash queries with internal and external clients.
- Monitor and action waivers and amendments across the portfolio, including bankruptcy and restructuring events.
- Support internal initiatives to improve automation and strengthen controls across the global franchise.
- Assist the Sales Desk with onboarding new counterparties, ensuring all systems are updated accordingly.
- Support the Trading Desk in coordinating setup of new deals and facilities, ensuring accurate mapping across Trade Capture, LoanIQ, and ClearPar.
- Create shell deals/facilities in LoanIQ as needed.
- Manage exceptions from daily system reconciliations, resolving discrepancies between internal systems and ClearPar.
- Assist Secondary Loan Closers in resolving counterparty and facility identifier issues, including coordination of Cancel & Correct (CnC) processes or static data updates.
- 1–4 years of relevant experience in loan operations, CLOs, or trade settlement.
- Familiarity with LoanIQ and ClearPar is highly preferred.
- Understanding of information wall barriers is a plus.
- Strong proficiency in Microsoft Excel, Word, and PowerPoint.
- Excellent verbal and written communication skills.
- Proven ability to multitask and manage priorities in a fast-paced environment.
- Strong problem-solving skills and attention to detail.
- Demonstrated initiative and self-motivation.
- Exceptional client service skills, both internal and external.
Primary Location Full Time Salary Range of $100,000 - $125,000.
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Company
Jefferies Financial Group Inc. (‘‘Jefferies,’’ ‘‘we,’’ ‘‘us’’ or ‘‘our’’) is a U.S.-headquartered global full service, integrated investment banking and securities firm. Our largest subsidiary, Jefferies LLC, a U.S. broker-dealer, was founded in the U.S. in 1962 and our first international operating subsidiary, Jefferies International Limited, a U.K. broker-dealer, was established in the U.K. in 1986. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia.
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.
