Senior Associate, Due Diligence for Lenders

at KPMG in Chicago, Illinois, United States

Job Description

Business Title: Senior Associate, Due Diligence for Lenders

Requisition Number: 115237 – 32

Function: Advisory

Area of Interest:

State: IL

City: Chicago

Description:

The KPMG Advisory practice is currently our fastest growing practice. We are seeing tremendous client demand, and looking forward we don’t anticipate that slowing down. In this ever-changing market environment, our professionals must be adaptable and thrive in a collaborative, team-driven culture. At KPMG, our people are our number one priority. With a wealth of learning and career development opportunities, a world-class training facility and leading market tools, we make sure our people continue to grow both professionally and personally. If you’re looking for a firm with a strong team connection where you can be your whole self, have an impact, advance your skills, deepen your experiences, and have the flexibility and access to constantly find new areas of inspiration and expand your capabilities, then consider a career in Advisory.

KPMG is currently seeking a Senior Associate in Due Diligence for Lenders for our Deal Advisory (https://advisory.kpmg.us/) practice.

Responsibilities:

+ Provide lender due diligence services and Regulation AB compliance services to banks and lending institutions on domestic and international transactions involving asset-based lending and asset-backed securities in accordance with Standards for Attestation Engagements (SAE) and U.S. Generally Accepted Auditing Standards (GAAS)

+ Provide financial, accounting, commercial, and operational due diligence services to clients while evaluating loan opportunities and providing advice on existing or potential financing transactions

+ Perform and supervise substantive testing procedures of transactions including the receipt of customer and borrower payments, sales transactions and material purchases

+ Analyze potential collateral assets and offsets to assist the lender in defining eligibility criteria for asset based and asset backed loans and securitizations

+ Create tailored due diligence for lenders reports specific to key issues relevant to the transaction, highlighting potential liabilities, risks and other findings

+ Supervise a team of up to four associates in performing various tasks, including reviewing their analysis and schedules, and assisting in the composition, editing and review of due diligence reports, workpapers and other deliverables

Qualifications:

+ A minimum of three years experience with a top 10 public accounting firm in one of the following areas: accounting, advisory, financial audit, or transaction; Bachelor’s degree in accounting or finance from an accredited college/university

+ Strong current knowledge in one of the following: U.S. Generally Accepted Accounting Principles (GAAP), Securities and Exchange Commission (SEC) financial reporting issues, mergers and acquisitions, or transaction services

+ Experience with current audit and accounting concepts as well as SEC filings such as 1933 and 1934 Act filings

+ Working knowledge of inventory costing and auditing procedures and/or familiarity with SEC reporting and servicing standards for asset backed securities

+ Willingness and ability to travel

+ Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future

KPMG complies with all local/state regulations regarding displaying salary ranges. If required, the ranges displayed below or via the URL below are specifically for those potential hires who will work in the location(s) listed. Any offered salary is determined based on relevant factors such as applicant’s skills, job responsibilities, prior relevant experience, certain degrees and certifications and market considerations. In addition, the firm is proud to offer a comprehensive, competitive benefits package, with options designed to help you make the best decisions for yourself, your family, and your lifestyle. Available benefits are based on eligibility. Our Total Rewards package includes a variety of medical and dental plans, vision coverage, disability and life insurance, 401(k) plans, and a robust suite of personal well-being benefits to support your mental health. Depending on job classification, standard work hours, and years of service, KPMG provides Personal Time Off per fiscal year. Additionally, each year the firm publishes a calendar of holidays to be observed during the year and provides two firmwide breaks each year where employees will not be required to use Personal Time Off; one is at year end and the other is around the July 4th holiday. Additional details about our benefits can be found towards the bottom of our KPMG US Careers site at ’Benefits & How We Work (https://www.kpmguscareers.com/why-kpmg/#benefits) ’.

Follow this link to obtain salary ranges by city outside of CA: https://kpmg.com/us/en/how-we-work/pay-transparency.html/?id=M118\4\24KPMG LLP (the U.S. member firm of KPMG International) offers a comprehensive compensation and benefits package. KPMG is an affirmative action-equal opportunity employer. KPMG complies with all applicable federal, state and local laws regarding recruitment and hiring. All qualified applicants are considered for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, citizenship status, disability, protected veteran status, or any other category protected by applicable federal, state or local laws. The attached link ‘https://assets.kpmg.com/content/dam/kpmg/us/pdf/2018/09/eeo.pdf? ’contains further information regarding the firm’s compliance with federal, state and local recruitment and hiring laws. No phone calls or agencies please.

KPMG does not currently require partners or employees to be fully vaccinated or test negative for COVID-19 in order to go to KPMG offices, client sites or KPMG events, except when mandated by federal, state or local law. In some circumstances, clients also may require proof of vaccination or testing (e.g., to go to the client site).

KPMG recruits on a rolling basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) for which they are qualified that is also of interest to them.

GL: 5

GF: 15299