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theblueman

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I am interviwing for the below job tommorow. Anyone have any thoughts in regard to the position?

Description:

At ******, our people are our most valuable asset. As a premier global financial services leader with over 200 years of success, we can offer you a wealth of opportunity. We are seeking an Analyst in Chicago, IL. Responsibilities include; produce bondholder statements for Administration and DTC processing; reconcile collateral data to Servicer remittances received; and debug MBS/ABS models to ensure that correct payments are calculated and data are correctly reported to internal and external parties. You must be able to learn how to model complex MBS/ABS securitizations and act as a liaison to institutional investors, traders and various industry participants.

To qualify, you must have 1-5 years of financial services experience. Any Structured Finance knowledge will be a big plus. Bachelor�s degree in Finance, Accounting, Economics, Mathematics, Engineering or other related discipline required. Progress toward the CFA designation desired, but not required. Knowledge of advanced Excel-based modeling, Wall Street Analytics or other modeling software to perform a vast array of fixed income cash flow calculations and tests is desirable. Strong analytical, organizational, time-management and communication skills are a plus.



Edited 1 time(s). Last edit at Wednesday, August 30, 2006 at 01:16PM by theblueman.
 
Sounds like a job with a trustee service group. May be LaSalle/abnmro?
 
i agree with mkk, though i don't know too much about this area. sounds like a pretty typical entry-level type of position where you're expected to have a functional knowledge of securitized products and munis. maybe bank of new york. wish i could tell you more about it but i've never worked in this field.
 
With the pay range, it's definitely not an entry-level position but it does sound like a job that the trustee services group performs. The trustees that I deal with perform similar roles to what you have described above. If it is with LaSalle or Bony, it's a nice job. You'll become very familiar with the MBS/ABS deals and their legal docs. You won't be structuring any MBS/ABS but it'll definitely be interesting. One thing I can say is that one of the trustees that I mentioned is currently spread pretty thin across a lot of deals so be prepared to frequently work late nights.
 
MKK the company is the later you mentioned. Anything further you can add such as salary range, duties, anything....
 
Don't know if I can add much more...

I don't work for a trustee so I can't give you much detail on how it is but I do deal with these guys regularly. From what I have observed, your role will be producing trustee reports for investors on a regular basis. You'll work with a in-house model and tweak it to adhere to guidelines set for in the Indenture or some other legal doc. You'll live and breathe the Indenture so you'll become very familiar with the blueprints of MBS/ABS deals. On a downside, you won't really get a true sense of why you're running some of the analysis since you only see one side of the coin. On average, I've been told that each analyst has about 6-7 deals. Some of these will have the same payment deadlines and that's gonna suck. My guys work 14 -16 hour days when we have overlapping deadlines. But most of the weekends are free.

Regarding pay, I'm not sure how much they make but try to get near the $70k as you possibly can. It's gonna suck if you're working long hours and only making $45k. Not sure about the bonus structure but I'm sure it's not bad.

Hope this helps.

Question: What line of work are you doing now or did you do up to now?
 
Oh one more thing I forgot to mention. You'll work in a team so you won't be chasing cash or any of the annoying stuff. You'll mainly focus on ratings, spreads, and collateral characteristics, etc.

Ignore this comment. I didn't realize that you'll be working with DTC and cash.



Edited 1 time(s). Last edit at Friday, September 1, 2006 at 12:48PM by mkk.
 
How much do you think they are paying at this job??


Sr. Associate, Financial Due Diligence


KPMG LLP provides audit, tax and advisory services to a broad range of clients. KPMG�s commitment to quality is demonstrated in our disciplined delivery approach and use of cross-functional teams. Advisory Services professionals strive to help clients improve business performance, comply with regulatory requirements, and achieve sustainable value over time. Our approach incorporates the balancing of risk and control considerations with the more traditional performance and cost factors. Advisory professionals are also able to provide clients with relevant industry and functional skills where they need them most. We are currently seeking a Financial Due Diligence Senior Associate to join us in our New York office.

KPMG�s Transaction Services professionals offer merger, acquisition and divestiture support to strategic and financial buyers. Our professionals help guide clients from early deal planning through the entire deal process to help meet deal objectives and achieve the client�s desired results. And our professionals have across-the-board experience to help address specific business aspects and operating risks that are unique to each industry. This approach, in addition to our in-depth understanding of key client issues, allows us to assemble highly qualified teams that help clients reduce risk and increase the value of their business deals.

Financial Due Diligence (FDD) services provide support throughout the transaction life cycle on both the "buy side" and "sell side," to both strategic and financial buyers. This support includes pre-bid assessments, financial, tax, commercial, and information systems due diligence, integration risk assessments, and accounting and tax transaction advisory services.


Responsibilities:
�Assist the purchasing or selling side of advisory engagements in a fast paced environment
�Offer financial, accounting, commercial, and operational due diligence and advisory services to Fortune 1000 companies and private equity investors
�Provide advice to clients on how to help maximize their financial opportunities and manage the risks that are involved with possible mergers and acquisitions
�Participate in KPMG�s engagement teams with senior client executives, attorneys, investment bankers, and private equity investors
�Assist in writing detailed reports and perform financial analysis, including the analysis of cash flows, quality of assets and earnings, potential liabilities and risks, and the impact of findings on the valuation and integration of the target organization
�Strengthen relationships with current and prospective clients of the firm



Qualifications:
�Three years of experience in one of the following with a public accounting firm: accounting, advisory, financial audit, or transaction experience
�Strong current knowledge in one of the following: U.S. Generally Accepted Accounting Principles (GAAP), Securities Exchange Commission (SEC) financial reporting issues, mergers and acquisitions, or transaction services
�Experience with current audit and accounting concepts as well as SEC filings (1933 and 1934 Act filings)
�Excellent written and verbal communication skills
�CPA, CA, or CFA (level II passed)
�Able to travel 35�45 percent of the time
 
p18,

I'm not sure about the salary range on this. Check out www.salary.com. Since this position is for a Sr Associate level and it's based in nyc, I would definitely think it would fetch top $$. I wish I can be more helpful...
 
MKK - You basically nailed the responsibilties of this position from what I found out from the interview. The interview went well and I'll see if they'll make me an offer.

Do you think this position provides any good experience to move on to other roles- such as being a MBS Analyst on the Buyside? Or would you be somewhat just confined to this role?



Edited 1 time(s). Last edit at Friday, September 1, 2006 at 07:27PM by theblueman.
 
Definitely go for closer to $70K. Obviously, the more money the better, but if its BoNY, then you'll be exempt and be working long hours. I service BoNY securities and the reps and their end (I think they're called Trust Analyst) work really long hours. I do MBS deals. If you have any questions, let me know.
 
blue blue
how did the arm in sling interview go?



Edited 1 time(s). Last edit at Tuesday, September 5, 2006 at 12:04PM by Bambi.
 
Blueman,

Glad to hear that my input helped. As for moving up in the world of finance, this position doesn't hurt; however, it is definitely far from connecting with a MBS/ABS Analyst role with a buy-side firm. The reason for this is because you won't be doing any analysis on actual investments. By this I mean, you won't be analyzing the companies that are batched as collateral for MBS/ABS portfolios. If you want to head towards structring, this position would help since you will become very familiar with the characteristics of MBS/ABS structures. I guess if you stretch far enough, this can go towards a career as a pm. This can be a far strecth.

One advantage to this position is that you'll be exposed to the buy-side firms since you analyze their deals. There have been numerous instances where the buy-side firms have hired trustee analysts to work on their side. This will be a great way to make the transition to a buy-side firm.

Hope you hear back from BONY. Let us know how it went.
 
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