Job Description

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.

Role

The Fixed Income business has expanded into more esoteric trades specifically with complex funding structures spanning several entities. The product set includes Structured Bonds/Loans, Jefferies Issued Debt, Cash Bonds, Repos, Interest Rate Derivatives, Inflation Swaps, CDS, Caps & Floors, Swaptions, NDF’s and Futures (Currency, IR, Bond and Options). The candidate will be required to understand the booking flow and associated technical accounting implications across different entities with different GAAP Accounting scenarios. The funding of these transactions is non-standard so the candidate will be required to amalgamate all elements of the deal. Many of these structures are booked through SPVs and the candidate is required to account for, eliminate and consolidate these into the Jefferies International entity. Direct interaction will be with the trading desk, business management, new business team and a range of operations functions, such as Middle Office, Settlements and Corporate Actions. The role offers a candidate the opportunity to be involved in an exciting and complex business area and it is imperative to build relationships with desk from day 1 to understand these structures to articulate them to senior finance management. Tracking these various deals through the trade lifecycle and building upon the control environment will be crucial to success.

Key Responsibilities

• Daily PL Production including: Day 1 Review – Flash vs Actual Analysis; Accounting for Fee Revenues and Expenses; P&L Commentaries; FOBO review; Inventory Reporting; T0 Reporting; Clean P&L
• Weekly Commentary analysis for Financial Reporting

Month End Work

• Balance Sheet substantiation
• Reconciliation of reported P&L to ledger
• Review of and assistance in IPV process
• Management Packs for deals and associated P&L
• P&L and inventory movement commentaries

Additional Responsibilities

• Active involvement in enhancements and development of process/system flows to ease automation of P&L production
• Ad hoc management reporting
• Assist in building out processes for new product sets or system implementation that may arise

Person Specification

• Prior Experience in Structured Products
• Qualified Accountant
• Knowledge of reserving methodologies/valuation adjustments
• Able to work autonomously
• Uses initiative to identify issues and implement solutions
• Advanced Excel knowledge
• Strong team player
• Ability to train and upskill the wider team
• Able to prioritise workload to achieve daily targets
• Able to multitask to answer desk and management requests on a timely basis
• Be proud of the work he/she produces and not turn a “blind eye” to problems
• Ability to automate and rationalise processes as necessary

About Us

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 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.

Equal Employment Opportunity Statement

Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that 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 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.