Deloitte Advisory Senior Consultant in Jersey City, New Jersey
Deloitte & Touche LLP seeks a Advisory Senior Consultant in Jersey City, NJ.
Work You ll Do
Advisory Senior Consultant in Financial Services, Securitization to compile and analyze data. Model cash flows for securitized transactions containing wide variety of underlying asset classes. Issue agreed upon procedure reports related to new issuance and re-securitizations of certain Mortgage-Backed Securities (MBS), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS),Residential Mortgage-Backed Securities (RMBS) and Collateralized Loan Obligations (CLO). Reverse engineer (financial modeling) the cash flows of both the assets and liabilities of a securitization transaction. Understand clients' business environment and basic risk management approaches. Demonstrate general knowledge of market trends and competitor activities, products, and service lines. Participate in decision making with engagement management and seek to understand broader impact of current decisions. Build and nurture strong client relationships. Apply technical accounting standards, financial reporting, valuation techniques and methodologies for derivatives, quantitative risk assessment and forecasting models, structured finance transactions, cash flow modeling, data integrity, data modeling, statistical sampling, capital markets transaction support and due diligence.
Bachelor's degree (or higher) in Accounting, Finance, Economics, Business Administration, Engineering, or related field (willing to accept foreign education equivalent).
Two years of experience performing financial modeling.
Experience must include two years of:
Conducting stress testing and scenario analysis;
Analyzing cash flow and building financial models for investments;
Leveraging SQL programming language and related platforms to streamline processes and increase productivity; and
Mentoring, coaching, and training junior team members.
Experience must include one year of:
Performing analytics on mortgage/asset backed securities or fixed income investments;
Researching/recalculating interest distributions, performing portfolio analysis and verifying loan characteristics using Intex, Bloomberg, and Markit;
Reviewing CLO transactions, including Payment Date Verification (PDV) based on Microsoft Excel models to perform cashflow timeouts and scenario analysis for newly issued Collateralized Loan Obligations (CLO);
Reviewing complex transactions, including first time paying PDV, and assisting senior managers with effective date transaction reviews;
Developing and utilizing proprietary models in Excel to calculate the distribution of cash flows to all related parties of a transaction;
Analyzing results and providing explanations for discrepancies between calculations and trustee banks; and
Conducting portfolio due diligence procedures on underlying collateral of newly issued CLOs.
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Category: Accounting & Auditing
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