Assistant Manager - Financial Services Loan Accounting

Assistant Manager FS Loan Accounting

Job details

•Proposed designation
Loan Accounting - Assistant Manager •Role type
Supervisory role mentoring atleast 2 junior resources

Roles & responsibilities

•Assist with financial instruments accounting advisory services including position papers, policies and procedures related to originated or acquired loans, debt securities and related instruments •Assist with integration of loan accounting platforms associated with buy side or sell side transactional work such as document, map and code loan data, define transaction events and corresponding journal entries, create test cases and compare with expected results, and document process flows, narrative, risk and control matrices and desktop procedures, as needed. •Assist with buy side purchase accounting associated with acquired loans including purchased credit deteriorated (“PCD”) asset identification, gross up and disclosure reporting, non-PCD acquired loan to fair value reconciliation and reporting and loan level valuation cash flow processing. •Generate forecasted and actual amortization of cost basis adjustments to acquired loans and debt securities. •Perform loan and debt security credit loss calculations and reporting on behalf of clients under IFRS 9 or ASC 326-20 given client provided risk parameters. Perform memos and disclosure tables utilizing KPMG proprietary technology. •Interface between business and technology team, working on review, implementing, testing, and post implementation support of amortization, credit and loan accounting software application for financial instruments (loans, debt securities, and related financial instruments) •Assist with interpreting technical accounting standards and develop business requirements, test planning and execution, and project management •Analyze and assess risk management activities related to investment portfolios, liquidity sources, accounting changes and new regulations, and financial application enhancements

Assist with defining accounting processes, procedures and internal control practices

Job details

•Proposed designation
Loan Accounting - Assistant Manager •Role type
Supervisory role mentoring atleast 2 junior resources

Roles & responsibilities

•Assist with financial instruments accounting advisory services including position papers, policies and procedures related to originated or acquired loans, debt securities and related instruments •Assist with integration of loan accounting platforms associated with buy side or sell side transactional work such as document, map and code loan data, define transaction events and corresponding journal entries, create test cases and compare with expected results, and document process flows, narrative, risk and control matrices and desktop procedures, as needed. •Assist with buy side purchase accounting associated with acquired loans including purchased credit deteriorated (“PCD”) asset identification, gross up and disclosure reporting, non-PCD acquired loan to fair value reconciliation and reporting and loan level valuation cash flow processing. •Generate forecasted and actual amortization of cost basis adjustments to acquired loans and debt securities. •Perform loan and debt security credit loss calculations and reporting on behalf of clients under IFRS 9 or ASC 326-20 given client provided risk parameters. Perform memos and disclosure tables utilizing KPMG proprietary technology. •Interface between business and technology team, working on review, implementing, testing, and post implementation support of amortization, credit and loan accounting software application for financial instruments (loans, debt securities, and related financial instruments) •Assist with interpreting technical accounting standards and develop business requirements, test planning and execution, and project management •Analyze and assess risk management activities related to investment portfolios, liquidity sources, accounting changes and new regulations, and financial application enhancements

Assist with defining accounting processes, procedures and internal control practices

This role is for you if you have  the below

Educational qualifications

•Financial Risk Manager (FRM) along with CPA/CA/ACCA/CFA or equivalent would be an added advantage•Financial instrument accounting knowledge and experience including level yield amortization and impairment under expected cash flow approach and other applicable standards required, familiarity with financial instrument accounting under US GAAP is required and IFRS 9 is a plus; Accounting and risk management skills with financial instruments and strong understanding of financial instruments is preferred•Strong communication, writing, presentation, quantitative and analytical skills, proficient with using Alteryx, VBA, SAS, R, Python, and other coding languages 

Work experience

•A minimum of four years of experience in financial services, structured finance, mortgage banking, corporate finance, or consulting industry required•Knowledge of credit loss forecasting techniques including statistical and non-statistical approaches•Experience in financial accounting application implementation, including requirements, testing, data transformation, and post implementation support preferred; prior advisory or accounting process re-design/ streamlining experience is preferred•Experience with understanding of relational database #LI-AS7

Experience Level

Mid Level