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 Senior Consultant – Securitization CLO 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.
Work you'll do:
As a Senior Consultant in our Deloitte Advisory Securitization practice, you will perform agreed upon procedures for our investment manager clients related to the full life cycle of a structured product transaction of certain Collateralized Loan Obligations (CLO).
Our team is 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.
Responsibilities include:
- Working with and creating 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 for junior analysts on common modeling structures and troubleshooting techniques.
Qualifications:
Required:
- Bachelor's degree in preferred majors including: Accounting, Business Administration, Finance, Economics, Statistics, Financial Engineering, Quantitative Finance, or Math
- 3+ years of related industry experience
- Previous Collateralized Loan Obligation (CLO) experience
- Experience in financial cash flow modeling securitization transactions in Excel/VBA
- Experience in coordinating and communicating with working parties such as bankers, attorneys, and collateral managers
- Proficiency with Microsoft Excel (spreadsheets), Word, and PowerPoint
- Well-versed in the interpretation of legal documents such as offering memorandums, offering circulars, indentures, and private placement memorandums, etc.
- Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future
- Ability to travel less than 10%, on average, based on the work you do and the clients and industries/sectors you serve
Preferred:
- MS/MBA/CPA
- Prior Big 4 Accounting Firm or relevant working experience in the following industries:
- Mortgage and asset-backed securities
- Accounting Firms
- Corporate Trust
- 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 a team with professionals under significant time pressure/deadlines
The wage range for this role 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. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. 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 $88,564 to $170,913.
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.
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
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