Manager, Structured Finance

6 days ago

Westlake Village, CA, United States PennyMac Full time
PENNYMAC

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

The Manager will participate in and manage the negotiation, facilitation, contractual and logistical process of non-agency securitizations as well as mortgage servicing rights securitizations. In addition, the candidate will participate in cash management initiatives, liquidity forecasting, reporting, and analytics.

The Structured Finance Manager will:
  • Understand concepts of structured finance including agency and non-agency securitizations, mortgage servicing rights securitizations and warehouse financings
  • Thoroughly review and negotiate all forms of related transaction documents
  • Manage transactions while fostering internal and external client relationships and business growth
  • Ensure smooth and timely settlement of transactions
  • Execute any remediation required based on findings from in-process and post due diligence quality control audits
  • Support financing and capital strategy formulation
  • Assist with cash balances, secured revolving facilities, and warehouse lines to ensure liquidity, compliance with lender and regulatory requirements, and to minimize interest and fee expenses
  • Successfully coordinate across all areas of PennyMac (i.e. Legal, Servicing, Investor Accounting, etc.)
  • Perform other related duties as required and assigned
What You'll Bring
  • Bachelor's degree or equivalent work experience
  • 5+ years of relevant work experience in structured finance and/or securitizations
  • Must be proficient in Excel
  • Experience and knowledge of mortgage banking a plus
  • Working knowledge of financial and accounting concepts with prior experience in mortgage loan or mortgage backed securities desirable
Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
  • Comprehensive Medical, Dental, and Vision
  • Paid Time Off Programs including vacation, holidays, illness, and parental leave
  • Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
  • Retirement benefits, life insurance, 401k match, and tuition reimbursement
  • Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
  • Lower in range - Building skills and experience in the role
  • Mid-range - Experience and skills align with proficiency in the role
  • Higher in range - Experience and skills add value above typical requirements of the role


Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$75,000 - $130,000
Work Model

OFFICE

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