Job Information
Deloitte Advisory Consultant - Securitization - CMBS in Boston, Massachusetts
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 Consultant - Securitization CMBS 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.
Deloitte's Securitization Capital Markets Services team is solely focused on helping our clients successfully execute capital markets transactions across Agency Mortgaged-Backed Assets (MBS), Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS) and Residential Mortgage-Backed Securities (RMBS) structured products. 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, whole business and others.
We are looking for Consultants to join Deloitte's growing and award-winning Securitization practice. We are specifically seeking professionals that will be dedicated to CMBS asset-level due diligence.
A candidate for the CMBS 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.
CMBS asset-level due diligence Responsibilities:
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.
Contribute towards building strong client relationships through interactions with client personnel.
Contribute to a positive team attitude.
Qualifications:
Required Skills:
Bachelor's degree in accounting, finance, economics, business administration, statistics, financial engineering, quantitative finance, or math
Minimum of 2 years of relevant working experience
Previous CMBS or ABS experience
Experience in financial cash flow modeling securitization transactions in Excel/VBA.
Exposure to computer programming languages (i.e., VBA) and/or industry system platforms, such as Bloomberg, Intex, or TREPP
Knowledge of CMBS-related legal/offering documents and commercial mortgage loan and property source documents
Proficiency with Microsoft Office products (Excel, Word, Access); spreadsheet modeling experience is a plus
Experience in coordinating and communicating with working parties such as bankers, attorneys, and collateral manager.
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
Relevant working experience in the following areas:
Mortgage and asset-backed securities
Accounting Firms
Corporate Trust
Mortgage Banking
Loan Servicing
Fixed income investments
Rating Agency
Preferred Skills:
MS/MBA/CPA
Ability to work independently and multitask in a 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
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 $76,560 to $127,600.
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
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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