Associate Sr.Associate & Manager

Job Description

Roles and ResponsibilitiesOverall : Looking for professionals with extensive experience on Taxable Income calculation on Fixed Income Debt Instruments, structured securities, and PFIC s, 5471 returns, Collateralized Debt Obligations (CLO s) under securitization services, Investment/Credit Funds Income calculation, ABS securities amortization calculationsExp requirement: at least 1.5 years on PFIC CLO income calculations for Associate2 Senior Associate. And more experience on Manager levels. Technical Capacity topics:
• PFIC Income Statement preparation and Review
• Investment/Credit Funds: Asset Amortization Calculations (Market Discount and OID)
• Note Valuation Reports analysis and Waterfall reports analysis
• Debt Restructuring analysis and Bloomberg Usage
• Form 5471, Issuer level and Investor level
Technical Expertise requirement:
• How the securitization cycle works, Conversion of non-tradable asset (Loans) to tradable asset using the Special purposevehicle (CLO/CDO).In and out knowledge of CDO s from Cash flow/Funds flow analysis through PFIC distribution to shareholders (Equity Investors)
• Portfolio analysis (purchases, sales, principal pay downs and ending portfolio tie out with book vs year end trustee report), Computation of accruals, Note valuation/ water fall report analysis for Class Notes and subordinated notes, Swap expenses analysis, Debt issuance and organizational cost analysis, Partial and full sales analysis (re-class of ordinary income, ST/LT gain or loss computation),
• Original issue discount, market discount, premium, acquisitionpremium and Tax basis computation for Structured Debt instruments. Preparing final PFIC for Equity Investorsand distributing Form 5471s based on CFC test
• Analyzing original issue discount, market discount, ordinary income Re-class, short term / long term capital gain, Coupon interest as per US tax rules for the debt instruments - ( Standard/ Structure debts) [ CDO, CLO, CMO, ABS, MBS, CMBS, RMBS, BANK LOANS, CORPORATE/MUNICIPAL BONDS.
• Identifying the tax methodology at CUSIP level and applying those methodology to compute the taxable income. REMICS Computation of the Original issue discount/ market discount, premium and acquisition premium (OID bonds) utilizing the Tax Factor data.
• Analyzing the warehousing activities and preparing the funds flow, cash flows, income statement, balance sheet and PFIC for warehousing activities
• In-depth Knowledge of how the securities segregated into different tranches based the rating provided by different rating agencies (Prime / Subprime mortgages). CDO Tranches segregates in to [Senior / Mezzanine/ Equity] AAA, AA, A, BBB, BB, B, CCC, CC, C and Subordinates notes / Income notes.
• Cash flows analysis ( daily transactions)- Analyzing the day to day transaction and segregating the income and expenses items based on the nature of activities [Interest Income, Interest expenses / Principal paid for note holders, Purchases, sales, pay downs, upfront fee, purchases/sold interest, Administrative expenses (trustee fee, collateral manager fee)
• Note holders Transactions (Liability of CLO) Analyzing the note valuation / water fall reports to track down the interest expenses, principal paid at each class [ Class A, B, C and D ], Track the admin related expenses [ trustee fee, collateral fee and any other admin related expenses ].
• Portfolio analysis (Asset of CLO) Preparing/ reviewing the portfolio analysis by tracking all the purchases, sales, pay downs from cash flows and preparing the portfolio analysis tab.
• Preparing Income statement [ Segregating the ordinary and capital income based on IRS rules] , Balance sheet, Equity Investors analysis to check the CFC test and confirm for which Equity Investor need to prepare the 5471 depends on percentage holding in the CDO
• Knowledge on different type of debt instruments ABS, MBS, CMBS, RMBS, BANK LOANS, CORPORATE/MUNICIPAL BONDS and TERMLOANS
• Computation of Original issue discount (OID)/ Total Market discount (MD) or premium, Accrued but unrecognized market discount/ premium/ acquisitions premium, total remaining recognized market discount/ premium/ acquisitions premium at the year end.
• Preparation and Review of Form 1065 partnership returns for the Partnership CLO s activity utilizing GoSystem portal
• Preparation of 1120 Blocker and 1120F Blocker returns for the blocker investment in PFIC
,

Keyskills :
court appointed receiverfixed income derivativescost analysisbalance sheetfixed income