Corporate Actions Specialist
Posted on: 18 Jan 2021
Jersey City, New Jersey
Job Description
GROUP DESCRIPTION:
The Corporate Actions Group within Operations manage the lifecycle of Voluntary & Mandatory Reorganizations, Redemptions, Dividends, Principal & Interest, Proxy, and Class Actions.
POSITION:
The Corporate Actions Group is seeking an experienced individual for our Jersey City, NJ office (currently Work From Home due to COVID) to perform the below responsibilities for Corporate Actions on issuers of the Americas. Emphasis is on Voluntary Corporate Actions such as SPACs, Rights Offerings, Warrant Exercises, Exchange Offerings, Tender Offerings (inclusive of Dutch Auctions & Bid Tenders), Consent with fees, exercises of Dissent/Appraisal Rights, and Conversions.
Qualifications
PRIMARY RESPONSIBILITIES:
Processing of various events on SPACs including, but not limited to, Redemption Rights, Unit Separations, & Proxy Voting
Partner with SPAC agents to facilitate non-DTC payments
Communicate with the business (i.e., Securities Finance, Traders, Prime Brokerage) on attributes of specific SPACs
Validate depository/agent announcements on Voluntary Corporate Actions
Notification of offer terms to the Middle Office, Prime Brokerage client representatives, & Wealth Management client representatives
Liability exchanges with counterparties on securities lending and fails
Streetside consolidation of positions to minimize liabilities
Coordination & partnership with the London Reorg team on securities dually eligible in DTC & Euroclear
Instruction reconciliation
Instruction submission
Payment reconciliation of Voluntaries, Mandatories, and Redemptions
Entitlements processing of Voluntaries, Mandatories, and Redemptions
General Ledger reconciliation and reporting
Client inquiry research and resolution
Proxy overvote reconciliations
Class Action data submissions to Claims Administrators
REQUIRED BACKGROUND:
Experience with the lifecycle of SPACs and various processing requirements
Bachelor’s degree from an accredited college or university AND 5+ years of Voluntary Corporate Actions processing experience at a broker-dealer.
DESIRED SKILLS:
Excellent written and verbal communication skills
Detail-oriented with exceptional critical thinking and problem-solving abilities
Knowledge of other Corporate Action events (i.e., Dividends and P&I)
Knowledge of BPS, DTC PBS/CA WEB/Settlement Web, CitiDirect, XSPrisa
Jefferies Financial Group Inc.
New York, New York
Jefferies Financial Group Inc., a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
In addition, it provides fixed income sales and trading services for investment grade corporate bonds, U.S. and European government and agency securities, municipal bonds, mortgage- and asset-backed securities, leveraged loans, consumer loans, securities, markets debt, interest rate, and credit derivative products, as well as foreign exchange trade execution and securitization capabilities, as well as manages, invests in, and provides services to a group of alternative asset management platforms in investment strategies and asset classes.
The company was formerly known as Leucadia National Corporation and changed its name to Jefferies Financial Group Inc. in May 2018. Jefferies Financial Group Inc. was founded in 1968 and is headquartered in New York, New York.
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IndustryInvestments Management
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No. of Employees4,700
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Website
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Jobs Posted182
