Head of Financing - (SVP/VP)

CFA Institute; New York (NY); Hybrid; USD 200,000 - 295,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k) plan

Paid parental leave

Job summary

CFA Institute is seeking a Head of Financing to manage its capital markets function. This role involves leading negotiations for financing transactions, developing funding strategies, and overseeing a team responsible for borrowing base operations. The ideal candidate will have 10-15 years of experience in leverage finance, a Bachelor's degree, and a strong background in negotiation.

This full-time position is based in New York and offers a salary range of $200,000–295,000, along with a comprehensive benefits package.

Qualifications

• 10-15+ years in leverage finance roles at banks, credit funds, or investment banks.
• Proven experience leading negotiations and closing complex financings.
• Demonstrated experience in building and overseeing borrowing base processes.

Responsibilities

• Lead capital markets function and financing transactions.
• Develop and execute funding and leverage strategies.
• Manage global banking relationships and maximize credit capacity.

Skills

Treasury management

Capital markets expertise

Negotiation skills

Experience with ABL/asset-based structures

Documentation discipline

Education

Bachelor's degree

MBA, CFA, or CPA

Job description

Job Description

Head of Financing

Jefferies Finance - Fast-growth private credit manager (~$30B AUM) with affiliated/managed BDCs, private credit funds, and a Leverage Finance business

New York (Hybrid/On-site)

Reports to: CFO

Role Summary

The Head of Financing will lead the firm’s capital markets function across Corporate, private funds, and an affiliated/managed BDCs. Sitting with the CFO organization. Manage the Financing and Credit Facilities Management Team. This role will lead negotiation and execution of financing transactions while partnering closely with CIOs, CFO, and internal legal on portfolio construction, leverage levels, key terms, and document review.

The platform maintains a diversified financing stack including Corporate facilities (corporate revolver, fronting lines, ABL line, warehouses, secured and unsecured notes, repos) and Fund/Vehicle facilities (subscription lines, asset/secured lines, direct lending CLOs, and a BDC corporate revolver). The Head of Financing will also assist with ratings agency engagement for Corporate ratings, specific financings and direct lending CLOs, and will build the infrastructure and team needed to operate a scaled borrowing base and financing program. The Head of Financing will also coordinate funding and capital management with JFIN’s equity investors (Jefferies Financial Group (JFG) and Mass Mutual (MM)).

Key Responsibilities

Funding & Leverage Strategy (Corporate + Funds + BDC + Leverage Finance)

Develop and execute funding and leverage strategy aligned with portfolio construction, asset eligibility, liquidity buffers, and risk tolerances.

Coordinate closely with investment leadership, CFO, and internal legal on target leverage levels, structural considerations, and key commercial/legal terms.

Oversee ongoing management of a diversified set of facilities, including:

• Corporate: corporate revolver, fronting lines, ABL line, warehouses, repos, secured and unsecured notes
• Funds/Vehicles: subscription lines, asset/secured facilities, direct lending CLOs, and BDC corporate revolver

Manage global banking relationships to maximize credit capacity versus JFIN’s fee wallet.

Maintain a maturity ladder and diversification plan; proactively identify refinancing and capacity needs.

Borrowing Base Operations & Infrastructure (Systems + Team Ownership)

Oversee the assessment, selection, and implementation of a borrowing base system (or enhancements to existing tools/processes), including requirements gathering, vendor evaluation, controls design, integration with portfolio data sources, UAT, and go-live.

Establish operating procedures and controls for borrowing base and warehouse mechanics: eligibility rules, haircuts, advance rates, concentration limits, triggers, exclusion events, dispute management, and audit trails.

Manage and develop a team responsible for day‑to‑day borrowing base operations, including:

• Preparing and monitoring borrowing base calculations across applicable facilities
• Coordinating and executing funding mechanics (drawdowns/borrowings, repayments, rollovers, interest and fee payments) with agents, banks, and internal stakeholders
• Producing and delivering monthly and quarterly lender reports, waterfalls and payment, compliance certificates, and responding to lender/agent inquiries

Partner with investment teams, Fund Accounting, and Operations to ensure accurate data sourcing, reconciliations, and timely close/reporting.

Financing strategy & transaction pipeline

• Own the forward financing plan (12‑36 months) across Corporate, funds, and BDC, translating portfolio and origination plans into actionable facility sizing, timing, and structure.
• Identify optimal financing tools by strategy (e.g., BSL/fronting‑related facilities, warehouses, repos, ABL, secured/unsecured notes, subscription lines, asset/secured fund lines, direct lending CLOs).

Deal execution / structuring

• Partner with investment team leaders, CFO, and internal legal on portfolio construction impacts, leverage levels, and review/negotiation of definitive documentation.
• Lead end‑to‑end execution of new facilities, refinancing, upsizes, extensions, and amendments—from initial structuring through closing.
• Drive term sheet negotiation and optimize economics and flexibility: pricing grids, OID/fees, unused fees, call protection, MFN, accordion/incremental capacity, covenants and triggers, collateral packages, eligibility criteria, and concentration limits.

Agents, trustees, lenders, and syndication coordination

• Serve as primary point of contact for administrative agents, collateral agents, trustees, arrangers, and counsel; set and manage the execution timetable and workstreams.
• Manage lender groups/syndication processes, including diligence coordination, data rooms, lender Q&A, and closing deliverables.
• Oversee selection and performance management of external parties (agents, trustees, counsel, valuation/analytics support as needed).

Covenants, borrowing base & ongoing compliance

• Own covenant frameworks and monitoring across Corporate, Funds, and BDC (leverage/asset coverage, interest coverage, liquidity minimums, concentration limits, eligible asset tests, restricted payments, and triggers).
• Ensure borrowing base governance aligns with facility documentation and internal controls; lead amendments/waivers as required and proactively manage headroom.

Ratings agency engagement (Corporate + Direct Lending CLOs)

• Assist with ratings strategy and engagement for Corporate facilities/notes and direct lending CLOs, including initial ratings, surveillance, and methodology updates.
• Own materials, data rooms, portfolio analytics inputs, management presentations, and responses to agency Q&A; integrate ratings sensitivities into financing and hedging decisions.

Interest rate risk management & hedging execution

• Develop and execute interest rate risk strategy aligned to the platform’s asset/liability profile (swaps, caps, floors); set governance and hedge ratios.
• Oversee ISDA/CSA negotiation, counterparty limits, collateral and margining readiness, and operational execution; coordinate documentation/accounting considerations with Controllers/Audit as applicable.

Investor-facing disclosures & communications support

• Provide treasury/capital markets inputs for BDC and fund disclosures and investor communications: maturities, weighted‑average cost of debt, secured vs. unsecured mix, covenant headroom, liquidity position, and hedging posture.
• Support board decks, earnings materials, and lender/investor diligence; ensure consistency across financial statements, MD&A, and IR materials (as applicable) in coordination with Legal/Compliance.

Documentation oversight & controls

• Coordinate review and execution of financing documentation (credit agreements, indentures, security documents, intercreditor agreements, notices/certificates).
• Ensure robust approval processes, signatory controls, and change management; maintain "key terms" summaries for active facilities and notes.

BDC‑Specific Support

• Support BDC liquidity and financing strategy consistent with regulatory requirements and board expectations.
• Ensure accurate and timely treasury inputs to BDC reporting and lender communications (leverage, maturities, liquidity, covenant posture).

Liquidity Management

• Develop and monitor liquidity stress to size a stress liquidity buffer to cover failed syndications, revolver draws, etc.
• Coordinate stress liquidity needs with Treasury teams with JFG and MM

Reporting Line

Reports to CFO

Partners closely with: CIOs, CFO, COO, Internal Legal, and Operations and Finance team leaders.

Qualifications

• Experience: 10‑15+ years in treasury/capital markets/leverage finance roles at a bank, alternative asset manager, BDC/credit fund, investment bank, or specialty finance platform; proven experience leading negotiations and closing complex financings.
• Product expertise: Experience with revolvers, ABL/asset‑based structures, warehouses/borrowing bases, repos, secured/unsecured notes, subscription lines, asset/secured fund facilities, and direct lending CLOs; familiarity with BSL/fronting structures a plus.
• Borrowing base ops: Demonstrated experience building/overseeing borrowing base processes and teams; experience assessing or implementing borrowing base systems strongly preferred.
• Ratings: Experience managing ratings agency processes and surveillance (Corporate and/or CLO contexts).
• Technical depth: Liquidity forecasting, covenant/borrowing base mechanics, counterparty/collateral management, interest rate hedging execution, and documentation discipline.
• Education: Bachelor’s degree required; MBA, CFA, or CPA a plus.

New York, NY Full Time Salary Range of $200,000‑295,000.

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 are committed 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.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, 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 accommodation to individuals with disabilities, as required by applicable law.

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.