Manager or Senior Manager, Financial Services Valuation

KPMG LLP; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

KPMG LLP in New York seeks a Manager or Senior Manager in Financial Services Valuation to lead complex loan portfolio valuations across banking, insurance, and asset management sectors.

The role emphasizes cash flow modeling, fair value measurements, and risk oversight, with staff mentoring and collaboration with accounting advisory, modeling, and audit teams. ABV progress is preferred; CECL familiarity is a plus.

Qualifications

• Bachelor’s degree in accounting, finance, economics, business, or related quantitative field.
• Progress towards ABV credential; up to 1 year to obtain credential after hire.

Responsibilities

• Manage and deliver valuation services for diverse financial assets and portfolios.
• Perform and/or review cash flow modeling for loan portfolios with key assumptions.
• Oversee scope, quality, and risk of engagements; mentor staff.

Skills

Financial modeling

Credit portfolio analytics

Team leadership

Communication

Education

Bachelor's degree in accounting/finance

Tools

Alteryx

Python

Job description

KPMG is currently seeking a Manager or Senior Manager, Financial Services Valuation to join our Valuations practice.

Responsibilities:

• Manage and deliver valuation services related to a variety of financial assets and liabilities in the financial services industry (including banking, specialty lending, insurance, fintech, Insurtech, and asset management) including individual loans and portfolios of commercial real estate (CRE) loans, residential mortgages, commercial & industrial (C&I) loans, construction loans, auto loans, other consumer loans, specialty finance products, and more
• Perform and/or review detailed cash flow modeling for mortgage and other loan portfolios, incorporating key credit loss, prepayment, and discount rate assumptions; analyze and interpret large, complex loan-level datasets (e.g., loan tapes, servicing and performance data) and translate findings into valuation inputs and conclusions
• Design the scope of work for engagements, oversee day to day project activities, assume responsibility for quality control and accuracy of client deliverables, and effectively manage risk associated with engagements
• Support fair value measurements of loan portfolios for financial reporting, transaction support (buy side/sell side), portfolio acquisitions/sales, and other strategic and risk management purposes
• Collaborate with cross functional teams (e.g., accounting advisory, modeling, credit risk, transaction advisory, audit) to deliver integrated solutions to clients in financial services industries
• Build, maintain, and enhance client relationships across financial services sectors; perform review of third party appraisals for audit support and other purposes; assist in business development efforts; collaborate with other KPMG practices to build cross functional relationships and integrated solutions
• Supervise, mentor, and develop staff; provide timely and effective performance feedback and on the job training

Additional Responsibilities for Senior Manager

• Manage risk and financial performance of engagements, including scoping, pricing, budgeting, billing, and collections
• Team with other professionals, both externally and within KPMG, to identify new marketplace opportunities and grow the KPMG EVS practice
• Play a key role in practice management initiatives, including methodology development, innovation, quality control, and training on credit and loan portfolio valuation topics

Qualifications

• Minimum five years of recent experience in financial advisory and valuation within a business, valuation firm, or valuation practice of an audit, tax, and advisory firm, with a strong finance and/or accounting background
• Bachelor’s degree from an accredited college/university in accounting, finance, economics, business, or a related quantitative field
• Progress towards completion of the Accredited in Business Valuation (ABV) credential; any individual who does not show progress towards completion of ABV when their employment commences has one year from their date of hire to obtain approved designation/credentials for the hiring practice/service line (your recruiter can provide you with the approved list)
• Meaningful, hands-on experience in the financial services industry (e.g., banking, insurance, fintech, specialty lending, Insurtech, asset management), with a focus on credit/loan portfolio analytics and valuation; significant experience with valuation of financial instruments and other financial assets/liabilities in the financial services industry
• Excellent written and verbal communication skills; strong analytical and financial modeling capabilities; ability to work well in a team environment and a commitment to mentoring and developing staff
• Demonstrated ability to oversee multiple valuation engagements simultaneously and manage client relationships
• Familiarity with CECL or loan accounting and how they may interact with loan portfolio valuation preferred
• Experience with fair value measurements of financial instruments for financial reporting and/or transaction support preferred; Experience with large data processing and analytics tools (e.g., Alteryx, Python, or similar) preferred

Additional Qualifications for Senior Manager

• Minimum eight years of recent experience with corporate and/or financial services valuation in an accounting firm, valuation firm, financial institution, or similar professional services environment
• Deep experience leading complex engagements focused on credit/loan portfolio valuation and related financial services valuation topics
• Experience mentoring, counseling, and developing staff and manager level team members; ability to lead multi disciplinary teams across offices and service lines