Hello Associates,
The client, Freddie Mac, is looking for a consultant with previous *Fannie
or Freddie experience*. The C2C rate is a max of 50/hr. Please take a look
at the job description and let me know if you have any consultants who may
be interested. They would like this person to be local and available
immediately. They are located in McLean, VA and ill be about a 3-4 month
project.
Thanks!
*Required skills:*
Participate in software development projects for the Finance and Accounting
team. He/She would work on creating finance applications and reports.
Should have previous Freddie or Fannie experience.
Mid-level (3-7 yrs)
*Essential Skills*:*Java, J2EE (Servlets, JSP, EJB), Design Patterns,
Struts, Tiles, SQL, Hibernate*, *JUnit* Preferred Skills:*Ant, WebLogic,
POI, JMS, DB2, UI Design* ExperienceHands-on experience with *configuration
management tools such as Clear Case, Clear Quest and CVS***
*Desired Skills:*
*Project info:*
Statement of Financial Accounting Standards No. 157, Fair Value Measurements
(FAS 157), amends Financial Accounting Standards Board Interpretation No.
45, Guarantor's Accounting and Disclosure Requirements for Guarantees,
Including Indirect Guarantees of Indebtedness of Others, such that the fair
value of Freddie Mac's guarantee obligation
("GO") at inception is set equal to the compensation received, "as a
practical expedient," for all guarantees entered into on or after January 1,
2008. Under FAS 157, the subsequent measurement of GO fair value is based
on current pricing methodologies for new guarantees. FAS 157 does not
impact guarantees issued prior to January 1, 2008, or the method of
amortizing the GO.
In order to implement FAS 157 as of January 1, 2008, several
manual processes were put in place, including a series of EUCs and data
corrections to allow delivery of separate Day 1 and Day 2 GA/GO values.
While the current process has appropriate controls in place to prevent
misstatement, they are detective in nature and require significant manual
intervention at several different steps in the close process, introducing
operational risk, additional cost, and hours spent on manual processes.
Without process changes and automation of these manual processes by year-end
2008, the Single Family Valuation Accounting group will not be able to meet
corporate close deadlines.
*Thanks & Regards,*
Fazal Mahmood I Technical Recruiter
Kolansoft, INC
(:201-484-0340 I Alt: 201-377-1844
Fax 7:201-656-6696.
*: [EMAIL PROTECTED]
Yahoo IMJ : fazal_kolansoft
Website: http://www.kolansoft.net
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