Deloitte Advisory Securitization Capital Markets Services - Sr. Consultant

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Deloitte
Deloitte Advisory –Securitization Capital Markets Services - Sr. Consultant
in
McLean
Virginia
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 transactionsrelated 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.
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.
Minimal to zero travel required (less than 10%).
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.
How you’ll grow
At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there’s always room to learn. We offer opportunities to help sharpen skills in addition to hands-on experience in the global, fast-changing business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Center. (****Benefits
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you. (****Deloitte’s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte. (****Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte’s impact on the world. (****Recruiter tips
We want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you’re applying to. Check out recruiting tips from Deloitte professionals. (****Category: Finance
About Deloitte
As used in this document, Deloitte means Deloitte LLP and its subsidiaries. Please see ****for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. 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.

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