With less than four shopping days left until Navidad, what better gift for yourself or someone you love (or someone that you’d prefer to see leave your company) than a new job?
Get the details for a MBS/ABS Valuation Review Specialist position in New York after the jump.
Company: Comprehensive Recruiting
Title: MBS/ABS Valuation Review Specialist
Location: New York City
Minimum experience: 3 – 5 years
Description: Global Bank in NYC is looking to add candidates to their Valuation Risk Group who have MBS/ABS product experience.
Responsibilities: Analyzing and valuing the Bank’s diverse MBS/ABS portfolio; Manage the independent valuation through the monthly Mark Review process to insure measurement at fair value; Insure that the all trades on the Balance Sheet are properly classified according to FAS 157, Fair Value Measurement.
Required Skills: Bachelor’s Degree in accounting, finance, economics, mathematics or related discipline, with advanced degree(MBA or Masters degree in related discipline) or certification (CFA/CPA) preferred; Experience with MBS/ABS products. The ideal candidates will also have previous risk experience; Familiarity with accounting guidelines and pronouncements, including FAS 157 (Fair Value Measurement); Ability to identify and recommend changes to existing processes in order to improve and streamline those processes.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.
cant believe how fake is this post …..hope these people turn on their phone or computer and see what is really happenning in accounting firms. too many accountants will be the theme fof next century
fof next century? covfefe?
Ok so, what is really happening? Why don’t you share your opinion on the future of the profession.
Based on the people I know in PA, most firms are very short staffed and as a result, are unable to adequately serve clients.
Your thoughts?
I’m calling BS on this. Nobody turns away work. All the firm has to do is tell the staff to work more. They will do it and if they don’t, then the managers gets stuck doing it. Staff is on salary and bonuses are discretionary, so there is NO additional cost to the CPA firm to take on more work, even if it’s crap work. I still see big firms bidding on garbage clients and low balling the fee.
There is a point where it’s economically not cost effective
Every job has an opportunity cost, if you have garbage clients, you use up resources and time that cannot be devoted to good clients.
Lets say you have 100 staff, and 20 managers, and 10 partners, each staff can be worked 70 hours max per week, Managers say they can be worked 60 hours, and Partners willing to work 50, that means you have a max of 8,700 hours of work a week, lets assume you are 40% tax, 40% audit, and 20% consulting, that means you have a max of 3,480 hours for tax and audit each, and 1,740 for consulting in a week
You’ll want each of those hours to go to high value clients, clients that earn you the most profit
You will turn down clients who are lower value if you fill up with higher value clients
This is most of the problem for qualified professionals. Post covid, even prior, jobs requiring 37.5-40 hours a week were more available and there was no expectation of 50-70hr weeks.