Job Description
Position:
Analyst in the Independent Price Verification (Valuation Review) Group.
An opportunity for an individual to join a global team responsible for ensuring over $50bn of gross trading inventory is appropriately valued. The roll will provide an exciting work environment with significant learning and growth opportunities as well as direct contact with senior individuals across all aspects of Jefferies.
The IPV group provides independent valuation opinions across the entire range of financial instruments within the firm’s sales and trading inventory as well as pushing forward multiple renovation initiatives. The team provides a critical role in ensuring the firms books and records accurately represent fair value and are a key liaison with the Front Office Trading desks, Investment Banking, Product Control, Risk, Middle Office and IT.
This role will provide an individual a unique opportunity to learn, grow, experience and understand the workings of a growing investment bank.
Lastly, an interest in the valuation of private equity, venture capital, private credit, and other illiquid investments are a plus.
Required Background:
- 1-2 years of Finance or Accounting experience; preferably within the context of a professional valuation advisory practice
- Experience or knowledge in the following liquid investment products desirable:
- High Yield Debt, Term Loans and Trade Claims.
- Cash Equities, listed and OTC Options, Futures, Equity Swaps, Convertible Bond
- Treasury Bonds, Notes and TIPS
- Government Obligation Bonds and US Treasury
- Emerging Markets: Corporate Bullets, Foreign Government & Agency Emerging Market bonds
- Familiarity and interest in learning private equity, venture capital, and private credit valuation models for non-traded investment products is a plus:
- Discounted Cash Flow and Weighted Average Cost of Capital,
- Guideline Public Company Multiples,
- Guideline Transaction Multiples, and
- Yield-based Discounted Cash Flow for Credit Positions.
- Familiarity and interest in learning equity value allocation methods is a plus:
- Pro-rata Percentage Ownership,
- Current Value Method (waterfall),
- Probability Weighted Expected Return Method (PWERM or exit scenarios), and
- Option Pricing Model (OPM, also known as contingent claims analysis or CCA).
- Familiarity with ASC 820, IRC 409a/ASC 718, ASC 350 valuation analyses is a plus.
Desired Experience/Skills:
Technical Skills
- Good technical understanding of financial markets and how they are traded.
- Strong Excel skills and understanding of formula driven analysis for management reporting.
- Good database skills for managing standardized datasets, developing insights, and handling routine tasks is a plus.
- Good Power Point skills and understanding of presenting findings for management reporting.
Other Skills
- Interest in enrolling or made progress to a Charter Financial Analyst (CFA) certification is a plus.
- Proficient in MS Excel and Power Point. Bloomberg, QlikSense, database software skills a plus.
- Numerate, analytical and ability to communicate findings.
- Must have a good eye for detail, but also be able to step back and see the larger strategic picture.
- Strong writing skills to provide reliable and succinct commentary on valuation results.
- Strong influencing skills. Able to communicate and present effectively to key stakeholder across the organization. Must also be persuasive with a professional, but firm approach.
- Ambitious, dynamic, highly driven and motivated.
Primary Location Full Time Salary Range of $90,000- $110,000
About Us
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.
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.
