Assurance - Financial Market - Securitization - Associate

At PwC, our people in finance consulting specialise in providing consulting services related to financial management and strategy. These individuals analyse client needs, develop financial solutions, and offer guidance and support to help clients optimise their financial performance, improve decision-making, and achieve their financial goals. As a finance consulting generalist at PwC, you will possess a broad understanding of various aspects of finance consulting. Your work will involve providing comprehensive guidance and support to clients in optimising their financial performance, improving decision-making, and achieving their financial goals. You will be responsible for analysing client needs, developing financial solutions, and offering recommendations tailored to specific business requirements.

Driven by curiosity, you are a reliable, contributing member of a team. In our fast-paced environment, you are expected to adapt to working with a variety of clients and team members, each presenting varying challenges and scope. Every experience is an opportunity to learn and grow. You are expected to take ownership and consistently deliver quality work that drives value for our clients and success as a team. As you navigate through the Firm, you build a brand for yourself, opening doors to more opportunities.

Skills

Examples of the skills, knowledge, and experiences you need to lead and deliver value at this level include but are not limited to:

• Apply a learning mindset and take ownership for your own development.
• Appreciate diverse perspectives, needs, and feelings of others.
• Adopt habits to sustain high performance and develop your potential.
• Actively listen, ask questions to check understanding, and clearly express ideas.
• Seek, reflect, act on, and give feedback.
• Gather information from a range of sources to analyse facts and discern patterns.
• Commit to understanding how the business works and building commercial awareness.
• Learn and apply professional and technical standards (e.g. refer to specific PwC tax and audit guidance), uphold the Firms code of conduct and independence requirements.
• Specialization in evaluating and comparing the quality and risks associated with various
  
  

securities, particularly within structured finance such as asset-backed securities (ABS),

commercial mortgage-backed securities (CMBS), residential mortgage-backed securities

(RMBS), and collateralized loan obligations (CLO).

• Working closely with primary broker dealers, investment banks, and mortgage loan
  
  

originators/issuers in the fixed income industry.

• Assisting clients in understanding complex financial structures prior to securitization
  
  

issuance, ensuring alignment of disclosures with underwriters’ intentions.

• Drafting Engagement Letters, Proposals, and Agreed upon Procedures Reports detailing due diligence, cash flow modeling, and deal structuring.
• Performing thorough reviews of loan documents and data, recalculating fields on data tapes and generating exception reports to reconcile with clients.
• Interpret prospectus and indenture information comprehensively, focusing on collateral,
  
  

waterfalls for structured deals, credit enhancements and triggers, hedging instruments, bond principal and interest paydown rules, loss allocation rules, and extracting other pertinent details specified in transaction indentures.

• Recompute investor analytics such as declining balance tables, weighted average lives, and pre-tax yield to maturity tables using proprietary cash flow modeling tools and software applications.
• Develop collateral stratification tables to assess loan pool characteristics.
• Conduct due diligence reviews of ABS, CMBS, RMBS, and CLO transactions.
• Recalculate various statistical attributes, stratification tables, and statistical pool percentages using asset-level portfolio data expected in transactions, leveraging tools like Excel, INTEXcalc, Alteryx, or Collateral Analysis System (“CAS”).
  
  

Must-have

• Attention to detail
• Passion for learning finance and Financial Markets
• Technical capability - Familiarity with MS Office and Adobe Acrobat
• Strong communication skills
• Teamplayer, committed to providing high quality work and maintaining timeliness
• Demonstrate self-motivation and a desire to take responsibility for personal growth
  
  

and development.

• Commitment to continuous training and to proactively learn new processes.
  
  

Good-to-have

• Certifications in Finance
• Understanding of the Structured Finance industry
• Technical capability - Familiarity with industry software like INTEXcalc, Alteryx and CAS.
  
  

Minimum Educational Qualifications

Bachelors Degree in Accounting, Finance, Mathematics, Statistics, Economics, Real Estate, Engineering (of any discipline), Geoinformatics, Business Administration, Information Technology B.Com, B.Tech, B.Sc, BBA

Good To Have

CPA, CA, CFA, CAIA, FRM, Masters in relevant field of expertise or MBA or PGDM/PGDBM in Finance

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