Assurance - Financial Market - Securitization– Senior 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.

Focused on relationships, you are building meaningful client connections, and learning how to manage and inspire others. Navigating increasingly complex situations, you are growing your personal brand, deepening technical expertise and awareness of your strengths. You are expected to anticipate the needs of your teams and clients, and to deliver quality. Embracing increased ambiguity, you are comfortable when the path forward isn’t clear, you ask questions, and you use these moments as opportunities to grow.

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

• Respond effectively to the diverse perspectives, needs, and feelings of others.
• Use a broad range of tools, methodologies and techniques to generate new ideas and solve problems.
• Use critical thinking to break down complex concepts.
• Understand the broader objectives of your project or role and how your work fits into the overall strategy.
• Develop a deeper understanding of the business context and how it is changing.
• Use reflection to develop self awareness, enhance strengths and address development areas.
• Interpret data to inform insights and recommendations.

Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance), the Firm's code of conduct, and independence requirements.

Demonstrate strong capabilities and a proven track record in financial analysis, capital markets, and transactions lifecycle management. Skills and responsibilities for this level include but are not limited to:

• Interpret deal documentation (indentures, trustee reports, offering memoranda) and configure cashflow waterfalls, triggers, and reinvestment rules.
• The senior associate oversees the ingestion and validation of collateral tapes from servicers and trustees, ensuring that loan-level data is reconciled and integrated into models with precision.
• Build and maintain deal-specific models, ensuring accuracy and consistency across the model setup and to ensure that the models follow governing documents.
• Perform cashflow model stress testing to identify any future issues and to proactively make required changes.
• Assist in onboarding new transactions into portfolio systems.

Specialization in evaluating and comparing the quality and risks associated with various securities, particularly within structured finance such as commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS.

Working closely with primary broker dealers, investment banks, and mortgage loan originators/issuers in the fixed income industry.

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 CMBS and RMBS 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”).

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

Credentials - Good to have:

• CPA, CA, CFA, CAIA, FRM, Masters in relevant field of expertise or MBA or PGDM/PGDBM in Finance from premium institute only
• Min years of Experience Requirement (Credential) - 2 years
• Non credentialed - 3 years