Analyst, European Operations - Direct Lending

Jefferies; Greater London; On-site; GBP 55,000 - 75,000; Full time

Job summary

Jefferies Credit Partners is seeking an Analyst to join its Direct Lending Operations team in Europe. The role supports execution and ongoing servicing of private credit investments from closing through settlement and servicing.

The Analyst will work with Investment, Legal, Finance, Treasury and service providers to ensure timely funding, accurate position recording and proactive issue resolution, reporting to Head of European Direct Lending Operations.

Qualifications

• 2-4 years of direct lending or private credit operations experience.
• Experience with loan closings, settlement, cash movements and reconciliation.
• Knowledge of leveraged loans and private credit instruments.
• Ability to interpret credit agreements and settlement instructions.
• Advanced Excel skills and comfort with data sets.
• Familiarity with Clearpar.
• Strong attention to detail and ability to manage multiple closings.
• Degree-level education with a strong academic record.
• Clear written and verbal communication across teams.

Responsibilities

• Coordinate the operational execution of new direct lending investments, including fundings and secondary loan activity.
• Review closing and funding materials to identify key operational terms and dates.
• Coordinate funding requirements with internal teams and external counterparties.
• Maintain closing checklists, track open items and escalate blockers.
• Validate funds flows, allocation schedules and wire instructions.
• Manage settlement for primary and secondary loan transactions.
• Confirm trade economics and settlement details against transaction records.
• Coordinate with custodians and service providers to resolve issues.
• Perform daily cash and position reconciliations across systems and accounts.
• Ensure activities are recorded in correct fund, entity, currency and position.
• Support loan activity including delayed-draw fundings and amendments.
• Review notices and coordinate required actions with stakeholders.
• Maintain accurate transaction and reference data throughout investments.
• Execute controls over funding, settlement, cash movement and reconciliation.
• Prepare support for internal reporting and audits.
• Identify recurring breaks and contribute to process improvements.
• Support testing and enhancements of operating workflows and data interfaces.

Skills

Direct lending ops

Trade settlement

Fund operations

Reconciliation

Excel skills

Data analysis

Communication

Attention to detail

Multitasking

Education

Bachelor's degree or higher

Tools

Clearpar

Job description

Jefferies Credit Partners(“JCP”) is a leading private credit manager and the asset management arm of Jefferies Finance LLC(“JFIN”). JFIN was founded in 2004 as a 50/50 joint venture between Massachusetts Mutual Life Insurance Company(“MassMutual”), a global, diversified life insurance and financial services organization, and Jefferies, a leader in global investment banking, to invest in middle market direct lending transactions.

The Role

JCP has undergone a rapid period of internationalization, and given the growth and success of the team in EMEA, we are seeking an Analyst to join its Direct Lending Operations team. The role will support the execution and operational management of private credit investments from initial closing through settlement and ongoing servicing.

The Analyst will work closely with investment, Legal, Finance, Treasury, fund administrators, administrative agents, custodians and counterparties to ensure transactions are funded accurately and on time, positions and cash are properly reflected across systems, and operational breaks are identified and resolved promptly. This role will report directly to the Head of European Direct Lending Operations.

Responsibilities

• Coordinate the operational execution of new direct lending investments, including initial fundings, add-ons, delayed-draw term loan fundings, revolver fundings and secondary loan activity.
• Review closing and funding materials to identify key operational terms, including funding amounts, currencies, settlement dates, allocation requirements, cash needs and settlement instructions.
• Coordinate funding requirements with Investment, Legal, Finance, Treasury, counterparties, administrative agents and fund administrators.
• Maintain detailed closing checklists, track open items and escalates dependencies that could delay funding or settlement.
• Validate final funds flows, allocation schedules and wire instructions, and confirm successful funding and receipt of proceeds.
• Manage settlement for primary and secondary loan transactions across relevant funds and investment vehicles.
• Confirm trade economics, settlement dates, allocations, counterparties and settlement instructions against approved transaction details.
• Coordinate with counterparties, administrative agents, custodians, fund administrators and internal stakeholders to resolve settlement issues.
• Perform daily cash and position reconciliations across internal systems, bank accounts, custodians and fund-administrator records.
• Validate that transaction activity is recorded in the correct fund, legal entity, currency and investment position.
• Support ongoing loan activity including delayed-draw fundings, revolver draws, repayments, prepayments, amendments, repricing's, extensions and restructurings.
• Review administrative-agent notices and coordinate required operational actions with internal stakeholders and service providers..
• Maintain accurate transaction, position and reference data throughout the life of each investment.
• Execute established controls over funding, settlement, cash movement, position recording and reconciliation.
• Prepare support for internal reporting, audit requests and operational reviews.
• Identify recurring breaks, manual dependencies and control gaps, and contribute to practical process improvements.
• Support testing and implementation of enhancements to operating workflows, data interfaces and third-party service-provider processes.

Qualifications

• 2-4 years of relevant experience in direct lending or private credit operations, leveraged loan operations, trade settlement, fund operations, middle office or a comparable role.
• Hands-on experience with loan closings, trade settlement, cash movements, position maintenance and reconciliation.
• Working knowledge of leveraged loans and private credit instruments, including term loans, delayed-draw term loans and revolving facilities.
• Ability to interpret credit agreements, funding notices, trade confirmations, funds flows and settlement instructions from an operational perspective.
• Strong Excel skills and comfort working with transaction, cash and position data.
• Familiarity with Clearpar.
• Strong attention to detail, organizational discipline and ability to manage multiple concurrent closings and settlement deadlines.
• Clear written and verbal communication skills and the ability to coordinate effectively across internal teams and external service providers.
• Likely educated to degree level, with a strong record of academic achievement.