What are the responsibilities and job description for the VP, Professional Services Expense Efficiency position at Jefferies?
Job Description
Vice President, Professional Services Expense Efficiency
Position Overview:
The Professional Services Expense Efficiency role will be responsible for overseeing and optimizing the firm’s expenditures related to professional services, consulting, advisory, legal and other third-party service providers. This role will develop and execute cost management strategies, enhance vendor relationships, and ensure compliance with internal financial policies and external regulations. The ideal candidate will have a strong understanding of expense control in a Capital Markets, IT, and investment banking environment as the main consumers that drive the use-case of the Professional Services onboarded in the organization. The ideal candidate must have the ability to foster a strong relationship with FP&A to drive a fact-base and drive discussions with front-office Businesss
Key Responsibilities:
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.
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 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 diverse workforce and encourages applicants from all backgrounds to apply. This includes applicants from historically underrepresented groups, including women, racial and ethnic minorities, members of the LGBTQ community, military veterans, and individuals with disabilities or who are neurodiverse.
Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, 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 accommodations 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.
Vice President, Professional Services Expense Efficiency
Position Overview:
The Professional Services Expense Efficiency role will be responsible for overseeing and optimizing the firm’s expenditures related to professional services, consulting, advisory, legal and other third-party service providers. This role will develop and execute cost management strategies, enhance vendor relationships, and ensure compliance with internal financial policies and external regulations. The ideal candidate will have a strong understanding of expense control in a Capital Markets, IT, and investment banking environment as the main consumers that drive the use-case of the Professional Services onboarded in the organization. The ideal candidate must have the ability to foster a strong relationship with FP&A to drive a fact-base and drive discussions with front-office Businesss
Key Responsibilities:
- Establish a metric based expense model to profile expenses and drive active decisions.
- Apply industry best practice to advance the Firms strategy for consultant onboarding including with initial focus of the US talent pool and then expanding globally given regional nuances.
- Analyze, monitor, and report on professional services expenses to identify cost-saving opportunities.
- Develop and implement strategic initiatives to optimize spending without compromising business needs.
- Partner with internal stakeholders to forecast, budget, and track expenses related to professional services.
- Benchmark costs against industry standards and identify areas for improvement.
- Negotiate and manage contracts with 3 rd party vendors that include consultants, auditors, and other professional service providers such as law firms
- Assess vendor performance, ensuring service levels meet contractual obligations and business expectations.
- Work with Legal, Compliance, and Finance teams to ensure adherence to procurement policies and regulatory requirements.
- Act as the primary liaison between Finance, Procurement, and Business Units to align professional services expenditures with strategic goals.
- Provide senior management with insights and recommendations on expense trends and cost control measures.
- Develop and deliver reports on expense analytics, savings initiatives, and vendor performance to key stakeholders.
- Enhance policies and procedures for managing professional services expenses.
- Implement best practices for expense tracking, invoice review, and payment approvals.
- Ensure compliance with internal controls, risk management protocols, and external financial regulations.
- Bachelor’s degree in Finance, Business Administration, Accounting, or a related field; MBA or relevant certification (CFA, CPA, CIPS) preferred.
- 7 years of experience in expense management, procurement, or financial analysis within an investment bank or financial services firm.
- Strong understanding of professional services cost structures, contract negotiation, and vendor management.
- Experience with financial reporting, budgeting, and forecasting.
- Experience with IT consultant firms
- Excellent analytical, problem-solving, and communication skills.
- Ability to influence senior stakeholders and drive cost efficiency initiatives.
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.
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 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 diverse workforce and encourages applicants from all backgrounds to apply. This includes applicants from historically underrepresented groups, including women, racial and ethnic minorities, members of the LGBTQ community, military veterans, and individuals with disabilities or who are neurodiverse.
Jefferies is an equal employment opportunity employer, and takes affirmative action to ensure that all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, 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 accommodations 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.
Salary : $130,000 - $180,000
