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Hi all,
I joined KPMG around 3 months ago but I am not getting work here. Although, I qualified some project's interview, yet due to some internal reason, they considered someone else, and I again came on bench.
I am unable to figure out what can be done now.
Should I start searching work outside.
(I hardly see any job openings these days)
(sap domain)
How's the resource management here?
(do they lagOff?)
Any inputs will be helpful.
Thanks!
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Some of my work is with private credit financing (generally rloc’s secured by the underlying loans of the fund).
It’s fun but also tough. WF is a huge player, lead pretty much every deal we’re in. you’re largely focused on charge offs and losses, and whether parents/owners are willing to inject equity if needed (e.g. don’t want one deal to tank the whole portfolio)
Sounds like you’re looking for equity fund finance vs debt (what I know about), but lots of former IB from what I’ve seen. For debt fund financing, lots of former credit people too (levfin, cap mkts, underwriting) because your job is to “underwrite” all the underlying loans, or at least give it a smell test.
The work itself is tough, it’s not like regular corporate lending or levfin. You’re taking the debt risk, so not as much work goes into the underlying trades/loans, but it’s still a lot. And the underlying deals in the fund vary significantly (no “typical” deal) so it’s a lot of independent research.
Most banks are “players” in private credit fund finance, just participants. Wells almost everyone my group is in. As for equity fund finance, I’m not sure.