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Deloitte Advisory - Senior Consultant - Securitization Capital Markets Services (ABS/RMBS, CMBS) in Stamford, Connecticut

Deloitte Advisory - Securitization Capital Markets Services:

Deloitte's Securitization Capital Markets Services team is solely focused on helping our clients successfully execute capital markets transactions. Our securitization professionals are engaged on performing agreed-upon procedures on new issuance securitization transactions related to Agency Mortgaged-Backed Assets (MBS), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS) and Residential Mortgage-Backed Securities (RMBS) structured products. Our services include asset level file review, capital structure cash flow modeling, recomputing advanced asset and bond analytics and review of relevant offering documents. We maintain a broad portfolio of clients, who issue transactions across a diverse list of asset classes including: single-family residential, multifamily, commercial, auto, equipment, single family rental, marketplace lending, timeshare, student loans, credit cards and various esoteric assets, such as cell towers, containers, railcars, solar/pace, tax liens, tobacco settlements, whole business and others. Our clients include primary broker dealers, investment banks and various loan originators/issuers in the fixed income industry.

We are looking for Senior Consultants to join our growing and award-winning Securitization practice. We are specifically seeking professionals that will be dedicated to CMBS asset-level due diligence or ABS/RMBS cash flow modeling.

A candidate for the CMBS Senior Consultant role would be responsible for loan file reviews, collateral stratification and offering document reviews, in addition to playing a supporting role in the execution, planning, economics and billing of each transaction. They will be responsible for directly interfacing with clients and attorneys and other professionals within Deloitte and the CMBS industry. In addition, they are expected to demonstrate a general knowledge of market trends, competitor activities and Deloitte's products and services, in order to identify opportunities to assist with cross-selling other services.

A candidate for the ABS/RMBS Senior Consultant cash flowing modeling role would be responsible for (i) modeling the capital structure using our proprietary cashflow modeling system, (ii) calculating the projected future cash flow payments of the assets and securities and recomputing various analytics related to the securities, including declining balance tables, weighted average lives and pre-tax yield to maturity tables at various economic scenarios and (iii) performing a thorough review of the various offering documents related to a transaction. For each proposed securitization transaction, they will be expected to directly interface with issuers, investment banks, attorneys and other professionals within Deloitte.

Essential functions of a Senior Consultant include:

CMBS asset-level due diligence:

  • Performing loan file review procedures on pools of commercial mortgage loans and properties.

  • Maintaining and updating critical data to reflect the results of loan file review procedures.

  • Working in teams performing collateral stratification procedures timely and accurately to meet client deadlines and deliverables.

  • Interacting with clients to discuss, explain and reconcile data and offering document exceptions.

  • Generate and tie-out pool level collateral stratification tables and large loan specific tables using CAS (a licensed application) or Excel based models.

  • Reviewing the Securitization offering documents for accuracy and completeness of collateral disclosure.

  • Thinking "outside of the box" and exercising professional skepticism to detect any potential issues throughout the engagement.

  • Assisting with training and developing consultants.

  • Contribute towards building strong client relationships through interactions with client personnel.

  • Contribute to a positive team attitude.

ABS/RMBS cash flow modeling:

  • Recalculate expected asset cash flows for various product types and debt waterfalls using certain software applications (including our proprietary VBA-based cash flow modeling tool) or Excel.

  • Help develop and maintain securitization collateral and cash flow models, analyze results and provide explanations for discrepancies to ensure compliance with each transaction's offering documents.

  • Strong document reading and reviewing skills - analyze the language and presentation of bond analytics in the relevant offering documents, such as marketing materials, Prospectus Supplements and Private Placement Memorandums; timely submitting relevant and quality comments and communicating discrepancies to attorneys and clients.

  • Thinking "outside of the box" and exercising professional skepticism to detect any potential issues throughout the engagement.

  • Develop deep understanding as a subject matter expert of specific assets types, cash flow structures and current market trends.

  • Contribute towards building strong client relationships through interactions with client personnel.

  • Contribute to a positive team attitude.

Senior Consultants are expected to have:

  • Four year college/university program required, with BS/BA in accounting, finance or economics

  • MS/MBA/CPA are helpful, but not required.

  • Cash flow modeling experience required

  • Previous consulting or Big 4 experience preferred

  • Proficient with Microsoft Office products (Excel, Word, Access)

  • 1+ years of experience in coordinating and communicating with working party such as bankers, attorneys, collateral managers.

  • Well versed in interpretation of legal documents such as offering memorandums, offering circulars, indentures and private placement memorandums, etc.

  • Ability to working independently and multitask in fast paced environment to meet client deadlines.

  • Strong organizational, analytical skills, problem-solving skills and high attention to detail.

  • Highly developed written and oral communication skills.

  • Relevant working experience in the following areas is a plus (minimum of 1 to 3 yrs experience):

  • Mortgage and asset-backed securities

  • Accounting Firms

  • Corporate Trust

  • Mortgage Banking

  • Loan Servicing

  • Fixed income investments

  • Rating Agency

  • Knowledge of CMBS-related legal/offering documents and commercial mortgage loan and property source documents

  • Spreadsheet modeling skills is a plus

  • Exposure to computer programming languages (i.e., VBA) and/or industry system platforms, such as Bloomberg, Intex or TREPP

  • 1+ years of experience in financial cash flow modeling securitization transactions in Excel/ VBA.

  • Ability to travel 10% on average, based on the work you do and clients and industries/sectors you serve

  • Limited immigration sponsorship may be available

  • For individuals assigned and/or hired to work in New York City and Jersey City, Deloitte is required by law to include a reasonable estimate of the compensation range for this role. This compensation range is specific to New York City, Jersey City and takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $96,563 - $160,938.

  • You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.