Assistant Manager FS Loan Accounting at KPMG Global Services

Gurugram, haryana, India -

Full Time

Start Date

Immediate

Expiry Date

23 Apr, 26

Salary

0.0

Posted On

23 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Instruments Accounting, Loan Accounting, Advisory Services, Integration, Data Mapping, Transaction Events, Journal Entries, Credit Loss Calculations, IFRS 9, ASC 326-20, Risk Management, Accounting Standards, Project Management, Internal Controls, Valuation Cash Flow Processing, Testing

Industry

Business Consulting and Services

Description

Job details •Proposed designation Loan Accounting - Assistant Manager •Role type Supervisory role mentoring atleast 2 junior resources Roles & 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 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. •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. •Perform loan and debt security credit loss calculations and reporting on behalf of clients under IFRS 9 or ASC 326-20 given client provided risk parameters. Perform 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) •Assist with interpreting technical accounting standards and develop business requirements, test planning and execution, and project management •Analyze and assess risk management activities related to investment portfolios, liquidity sources, accounting changes and new regulations, and financial application enhancements Assist with defining accounting processes, procedures and internal control practices

Responsibilities

The Assistant Manager will assist with financial instruments accounting advisory services and integration of loan accounting platforms. They will also perform credit loss calculations and interface between business and technology teams.