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Senior Business Analyst

Ocorian
Philadelphia, United Statesfull_timeVerifiedPosted 24 Jun 2024

About the role

Company Description

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients. With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

EmphaSys Technologies, Inc is pleased to announce we have joined the Ocorian family. Note: you may see references to both EmphaSys Technologies (ETI) or Ocorian in this job posting.

EmphaSys Technologies, Inc. (ETI), a consulting firm based in the Philadelphia area, provides structured finance analytics, bond administration, loan portfolio accounting and consulting services to banks, underwriters, major trustees, asset managers, servicers, and issuers of mortgage and asset backed securities and other structured finance vehicles. ETI, in business since 1988, has provided analytic services on over 2,500 securitized transactions secured by a variety of assets, including residential, home equity, and commercial mortgages, manufactured housing receivables, leases, underlying REMIC securities, and automobile loans. ETI works closely with our clients to help them grow their businesses and maintain a competitive edge in today’s markets. We strive to provide value-added and timely service by utilizing our specialized knowledge and experience, coupled with a collaborative team approach allowing us to deliver solutions that are current with the latest developments in the marketplace and that meet the needs of our clients.

Job Description

Purpose of the job

This position will develop and maintain a portfolio of cash flow models for structured finance transactions providing periodic analysis on behalf of various parties. Asset classes underlying an analyst’s portfolio are comprised of residential mortgages, commercial mortgages, auto loans, student loans, and credit card receivables. The analyst will design cash flow models based on information set forth in governing documents for the purpose of preparing periodic reports for clients. These reports will incorporate a periodic analysis of underlying assets through remittance reports provided via other transaction parties. In addition, the analyst will be responsible for structuring the various tax aspects of each transaction through detailed monitoring of actual collateral aggregates and resulting bond payments and taxable-income calculations. The analyst will work with banks, servicers, issuers, Wall Street underwriters, trustees, asset managers, accountants, and attorneys on various aspects of the transactions. The analyst will be exposed to a wide range of transactions and will have the opportunity to work closely with clients and develop new business services.

Main Responsibilities

  • Develop and monitor cash flow models using multiple software tools including excel, vba, c/c++.
  • Perform analysis of complex data sets to ensure accurate reporting from mortgage servicers using database software tools.
  • Communicate with third-party support for the reconciliation of various database reporting variances.
  • Perform quantitative analysis for the interpretation of tax analysis to support clients and other transaction parties.
  • Provide daily/weekly/monthly/quarterly progress reports for clients for both periodic cash flows and tax analysis.
  • Develop and enhance processes for use in database management and operational infrastructure.

#LI-SM

#LI-Hybrid

Qualifications

Knowledge. Experience & Skills

  • Strong analytical skills and attention to detail
  • Understanding of financial concepts
  • The ability to learn quickly and be self motivated
  • Strong verbal and written communication skills
  • Strong proficiency with Excel and MS Office
  • Experience with SQL, VBA, C/C++, Java, Python, or other higher level programming languages is not required, but would be helpful
  • MS degree in Applied Mathematics, Financial Engineering, Statistics, Finance or Business Administration preferred.

Additional Information

Our Values

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful.  These are:

  • We are CLIENT CENTRIC – Clients are at the centre of our world, and we’re committed to pro

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Company

Ocorian

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