VP/SVP of Portfolio Management, Direct Lending - Jefferies Finance LLC

Employer
Jefferies
Location
New York, USA
Salary
Competitive
Posted
Jul 13, 2019
Closes
Jul 20, 2019
Ref
5622555
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Founded in 2004, Jefferies Finance LLC ("JFIN") is a leading leveraged loan investor and arranger owned equally by MassMutual and Jefferies GroupLLC ("Jefferies"). JFIN manages more than $10 billionof capital across three business lines:
    • Direct Lending Investment Management: Invests proprietary capital and commitments from third party investors in senior debt to finance middlemarket Private Equity Sponsor ("Sponsors") activity including LBOs, add-on M&A financings, and recapitalizations.
    • CLOs (Apex Credit Partners): 15 CLOs investedin broadly syndicated Sponsored loans. JFIN acts as manager and also invests in different tranchesof CLOs under management.
    • Loan Underwriting and Arrangement: According to Bloomberg, JFIN was the leadingunderwriter of loans to PE Sponsors in the US in both 2017 and 2018.
  • JFIN originates investment opportunities through an exclusive partnership with Jefferies and its team of more than 800 investment bankers that are focused on transacting with Sponsors across the capital markets.
Job Description
  • JFIN's Direct Lending team is seeking a Portfolio Manager to expand its team of portfolio management professionals. The Portfolio Manager will report to the Chief Investment Officer.
    • The Portfolio Manager will be supported by a team of credit-trained junior analysts and associates and work closely with the Team's senior and junior underwriters. The Direct Lending team also leverages JFIN's team of in-house transaction lawyers and agency services and operations professionals that are part of JFIN's team of more than 80 employees.
  • The Direct Lending Portfolio Manager is responsible for monitoring a portfolio of senior debt investments and ensuring compliance with JFIN's credit policies and procedures. Responsibilities include:
    • Coordinate deal closing process to ensure compliance with internal policies and procedures, seamless funding of transactions, completeness of deal files and successful handoff of transactions from underwriting team
    • Perform monthly and quarterly account reviews including analysis of financial and business performance, industry trends, credit agreement compliance, cash flow projections, credit grade and account management strategy
    • Assist in the monitoring of overallcredit portfolio performance and conduct quarterlyand annual reviews
    • Recommend appropriate internal risk ratings
    • Maintain a credit file with all appropriate documentation for each Borrower
    • Coordinate Administrative Agency services including uploading documents to deal data site, arranging for quarterly or annual lender calls and responding to investor questions
    • Analyze and process amendment and waiver requests for approval by the Chief Investment Officer
    • Participate in developing strategies for and executing restructurings and specialsituations
    • Monitor, train and mentor junior portfolio managers


Qualifications
  • Undergraduate degreefrom a leading institution; concentration in Finance, Accounting, or Economics preferred.
    o MBA or CFA a plus
  • 5-7 years of direct lending/leveraged financeportfolio management experience
    o Prior experience managing leveraged Sponsored transactions is preferred
  • Formal credittraining a plus
  • Ability to construct and audit financial models
  • Excellent writtenand verbal communication skills
  • Ability to work well independently and as part of a team
  • Available for occasional travel
  • Live in or within commuting distance of New York City

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