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KPMG Senior Associate, Modeling & Valuation-CECL in Chicago, Illinois

Business Title: Senior Associate, Modeling & Valuation-CECL

Requisition Number: 51681 - 31

Function: Advisory

Area of Interest:

State: IL

City: Chicago


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 an Associate/Senior Associate in Risk & Compliance - Modeling & Valuations for our Consulting practice.


  • 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, securities, and others)

  • 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

  • Review, validate, and develop financial cash flow models with prepayment and credit loss estimates for mortgages, credit cards, auto loans, student loans, leases, commercial and industrial loans, or guarantees

  • Perform financial risk management advisory and audit engagement assistance related to financial instrument valuations and cash flow modeling, and accounting

  • Review operational risk management and internal control policies and procedures

Additional Responsibilities for Senior Associate:

  • Supervise associate and interns on engagements

  • Serve as a liaison between clients and upper management

  • Identify and communicate technical matters to both clients and upper management

  • Assist with project planning, development of deliverables, and other technical writing exercises


  • A minimum of one year of experience in financial services, structured finance, mortgage banking, corporate finance, or consulting industry required

  • Bachelor's degree in Accounting or Finance from an accredited college/university; ASA, ABV, CPA or CFA certification considered a plus

  • Financial instrument accounting knowledge and experience including level yield amortization and impairment under expected cash flow approach and other applicable standards required, familiarity with IFRS 9 impairments and U.S. GAAP CECL is a plus; Middle office, accounting and risk management skills with financial products and strong understanding of financial instruments is preferred

  • Experience in financial accounting application implementation, including requirements, testing, data transformation, and post implementation support preferred; prior advisory or accounting process re-design/ streamlining experience is preferred

  • Strong communication, writing, presentation, quantitative and analytical skills, proficient with using Excel, Access/SQL, and understanding or relational database required

  • Travel may be up to 80-100%

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

Additional Qualifications for Senior Associate:

  • A minimum of three years experience in financial services, structured finance, mortgage banking, corporate finance, or consulting industry required

KPMG 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, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other category protected by applicable federal, state or local laws. The attached link contains further information regarding the firm's compliance with federal, state and local recruitment and hiring laws. No phone calls or agencies please.

GL: 5

GF: 15294