Job Description

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 interpreting technical accounting standards and develop business requirements, test planning and execution and project management
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; analyze and assess risk management activities related to investment portfolios, liquidity sources, accounting changes and new regulations and financial application enhancements
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; assist with defining accounting processes, procedures and internal control practices
Perform loan and debt security credit loss calculations and reporting on behalf of clients under IFRS 9 or ASC 326 given client provided risk parameters; draft 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)

Qualifications:

Minimum three years of recent experience in financial services, structured finance, mortgage banking, corporate finance, or consulting industry required
Bachelor's degree in Accounting, from an accredited college/university or CPA eligible; licensed CPA or equivalent is preferred
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
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
Strong communication, writing, presentation, quantitative and analytical skills, knowledge of Alteryx, VBA, SAS, R, Python, or other coding languages a plus and experience with or understanding of relational database
Willingness and ability to travel