Advisory Securitization Consultant

New York City, NY, United StatesDenver, CO, United StatesJersey City, NJ, United StatesMclean, VA, United States
Posted a day ago
Main Location
New York City, NY, United States
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Do you have your finger on the pulse of the vast and ever-changing capital markets environment? Have a passion for current trends in accounting and finance? As an Advisory Securitization Consultant at Deloitte, you’ll be part of a core team that delivers a wide range of services to our clients with a comprehensive industry-focused approach. You will have the opportunity to gain valuable hands-on experience working alongside leading securitization professionals.  Additionally, you’ll be involved in helping advise investment banks, primary broker dealers and various asset originators on performing complex procedures on transactions throughout the lifecycle of the transaction.  The Consultant role offers a unique opportunity to gain invaluable technical skills in an evolving industry.    


 


Work you’ll do


As a Consultant in our Deloitte Advisory Securitization practice, you will perform agreed upon procedures for our investment manager clients related to the full lifecycle of a structured product transaction of certain Collateralized Loan Obligations (CLO).  Services include portfolio data verification on the portfolio’s underlying assets, analytics and cash flow modeling for various prepayment and default scenarios, structural and document review, recalculating various collateral tests required by the transaction’s documents and investor payment date distribution of funds recalculations. We also provide infrastructure, valuation, process, policy, and control related advisory services to financial institutions, governmental agencies, finance companies, and commercial entities that participate in the CLO market.


 


We are looking for a Consultant to join our Transactions CLO team in the Jersey City, New Jersey office. There is no travel associated with this position. This person would be responsible for using proprietary financial models to recalculate bond waterfalls, principal and interest coverage ratios, and other portfolio criteria. This position involves directly interfacing with clients and other professionals within the organization and throughout the industry on a daily basis. Our consultants also participate in audit and advisory engagements related to the CLO market and other structured products including performing portfolio data verification and valuation testing. Overall, the Transactions CLO team offers a unique opportunity to gain invaluable technical skills in an evolving industry.


 


 A Consultant’s primary responsibilities include:


  • Work with financial models to calculate both the distribution of cash flows to all related parties of a transaction as well as various collateral criteria set forth in the transaction’s governing documents


  • Responsible for preparing and issuing Agreed-Upon Procedure reports and invoices
  • Help develop and maintain proprietary securitization collateral and cash flow models, analyze results and provide explanations for discrepancies to ensure compliance with each transaction’s offering documents
  • Perform and manage due diligence tie out procedures on bank loan attributes such as ratings, coupons, spreads and maturity dates
  • Manage expectations of deliverables and timing with Underwriters, Investment Managers, Trustees and engagement team
  • Provide and monitor constructive on-the-job feedback and training, and conduct performance reviews to and junior analysts on common modeling structures and troubleshooting techniques
  • Contribute to a strong client relationship through interactions with client personnel
  • Contribute to a positive team attitude


 


The Team


Deloitte provides more than thirty years of experience in securitization related services and unmatched experience in performing agreed-upon procedures and delivering high quality client service. Our Securitization team who are Accounting & Finance professionals located in the Jersey City, NJ office who use their deep expertise to provide organizations with a complete spectrum of services related to securitization transactions, helping them embrace change, grow their business, accelerate performance, and emerge resilient following periods of change, disruptions, financial difficulty or crisis. We continue to be a thought leader in analyzing the securitization markets and defining organizational leading practices, continuing our coverage of a broad array of accounting and other related topics impacting the securitization market.  Learn more about Deloitte Advisory’s Securitization services.


Qualifications



  • Approximately 6 months-1 year related industry experience


  • Bachelors or Master’s degree in preferred majors including:  Accounting, Business Administration, Finance, Economics, Statistics, Financial Engineering, Quantitative Finance, or Math

  • Demonstrated leadership and strong verbal and written communication skills

  • Demonstrated problem solving and critical thinking skills

  • Ability to prioritize tasks, work on multiple assignments, and manage ambiguity

  • Ability to work independently and as part of team with professionals

  • Proficiency with Microsoft Excel, Word, and PowerPoint


  • Ability to work under significant time pressure
  • Strong spreadsheet modeling skills required
  • Experience in financial cash flow modeling securitization transactions in Excel/ VBA
  • Experience in coordinating and communicating with working party such as bankers, attorneys, collateral managers
  • Minimal to zero travel required (less than 10%)
  • Well versed in interpretation of legal documents such as offering memorandums, offering circulars, indentures and private placement memorandums, etc.


  • Prior Big 4 Accounting Firm or relevant working experience in the following industries desired:


  • Mortgage and asset-backed securities

  • Accounting Firms

  • Corporate Trust

  • Mortgage Banking

  • Loan Servicing

  • Fixed income investments

  • Rating Agency

  • Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

     

 

Preferred:


  • Strong academic track record (minimum GPA of 3.2)








 


As used in this posting, “Deloitte Advisory” means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. These entities are separate subsidiaries of Deloitte LLP.

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.



Requisition code: E20FACSKC004-RFA

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