2024 Jefferies Finance Summer Analyst Program - New York, Accounting & Financial Planning
Jefferies LLC, the global investment banking firm, has served companies and investors for over 55 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as wealth management. The firm 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, mergers and acquisitions, restructuring and recapitalization, and other advisory services, with all businesses operating in the Americas, Europe and Asia.
About Jefferies Finance
Founded in 2004, Jefferies Finance LLC ("JFIN") is a leading leveraged loan investor and arranger owned equally by MassMutual and Jefferies Group LLC. JFIN manages nearly $14 billion across two primary lines of business:
Accounting and Financial Planning Summer Analysts
Jefferies, the global investment banking firm, has served companies and investors for over 55 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets, financial advisory services, institutional brokerage, wealth management and securities research. The firm 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, mergers and acquisitions, restructuring and recapitalization, and other advisory services, with all businesses operating in the Americas, Europe and Asia.
Recent Awards and Acknowledgements
- One of the World’s Most Admired Companies - Fortune Magazine
- Most Innovative Investment Bank for Growth Companies - The Banker
- One of the 100 Best Companies to Work For - The Sunday Times of London
- Best Place to Work of the Decade in the Global Financial Markets - Here Is The City
What we look for in a candidate
Successful Analysts will be able to multitask and manage a variety of projects simultaneously. Candidates must demonstrate professionalism and client management skills together with strong technical, written, and verbal communication skills. The work is fast paced, intense and intellectually stimulating. The ability to work under pressure and tight deadlines, be adaptable and work both independently and as part of a team are essential traits of a successful candidate. Although a background in accounting or finance is helpful, JFIN hires Analysts who have studied a variety of disciplines.
About Jefferies Finance
- Founded in 2004, Jefferies Finance LLC (“JFIN”) is a leading leveraged loan investor and arranger owned equally by MassMutual and Jefferies Group LLC (“Jefferies”). JFIN manages more than $17 billion of capital across three business lines:
- Loan Underwriting and Arrangement: Leading arranger of loans to PE Sponsors in the US and Europe.
- Apex Credit Partners: Manages 13 CLOs invested in broadly syndicated term loans.
- Direct Lending Investment Management: Senior debt fund manager invested in Private Equity Sponsor owned middle market businesses.
- JFIN originates investment opportunities through an exclusive partnership with Jefferies and its team of more than 900 investment bankers that are focused on transacting with Equity Sponsors across the capital markets.
What can you expect – Accounting and Financial Planning Summer Analysts
- The Accounting and Financial Planning Interns are staffed on Finance and Accounting teams and are primarily responsible for (i) assisting in preparation of internal monitoring and reporting for senior management, (ii) customizing presentations for internal and external stakeholders, and (iii) assisting in analysis of accounting data.
- Prepare reconciliations of fund cash and investment positions and track fund level expenses
- Assist in monthly, quarterly and year end close process and related reporting.
- Assist in the annual audit, including preparation of year-end schedules for the overall consolidated financial statements, disclosures and Management Discussion and analysis.
- Design and update presentations for various institutional investors, rating agencies and other financial institutions in addition to management and other internal parties.
- Assist with investor specific reporting/analysis requests, and special projects.
- Assist in the preparation of daily, weekly and monthly cash activity and liquidity forecasting to maximize cash investment returns.
- Analysts are generalists and will have exposure to a comprehensive list of financial and accounting responsibilities critical to the management of a diversified financial institution.
- Assist Managing Directors and senior staff on an ad hoc basis as needed with various reports and analyses of strategic initiatives.
*Must graduate December 2024-June 2025*
Diversity, Equal Employment Opportunity, Reasonable Accommodations and COVID
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 supporting 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 an equal employment opportunity workplace. We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by 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 qualified disabilities, as appropriate, under applicable law.
The salary for this role is $110,000 (pro-rated for the 10-week internship program).