Analyst / Associate , Residential Debt

Man Group•New York, NY

About The Position

Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $227.6 billion and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information Position Summary We are seeking a senior Analyst or junior Associate to join our residential debt investment team. The team is focused on sourcing, underwriting, and managing investments across non-owner occupied residential whole loans, lender finance facilities, and multifamily-focused direct mortgage lending. The role will be primarily focused on RTL whole loan underwriting. The candidate will play a key role in financial analysis, due diligence, and deal execution across the platform. RTL Underwriting: Underwrite residential transition loan (RTL) whole loan pools and individual loan acquisitions, including detailed review of borrower profiles, property-level collateral, renovation budgets and timelines, leverage metrics, and originator track records. Assist in evaluating credit performance data across RTL portfolio to inform pricing decisions. Financial Modeling: Build and maintain detailed financial models, conduct collateral tape reviews, cash flow analysis, scenario modeling, and return analysis. Sourcing & Origination: Help cultivate and maintain relationships with RTL originators/aggregators and warehouse lenders. Assist in identifying and developing new investment opportunities across the team’s strategies. Due Diligence & Execution: Support due diligence workstreams including originator/borrower assessment, collateral analysis, coordination of third-party reports (legal, admin agents, servicers, appraisers, engineers, etc.), and legal documentation review. Prepare investment committee memoranda with clear articulation of risk, return, and relative value. Assist in structuring and closing of investments, including term sheet preparation, documentation negotiation, and commercial negotiation. Portfolio Management: Track loan-level and facility-level performance across the portfolio. Support active portfolio oversight, lead borrower/originator reviews, covenant monitoring, and workout/restructuring efforts as needed. Market Research: Develop a deep understanding of the RTL market by conducting research on residential housing, origination trends, and the competitive landscape to support sourcing and investment decisions.

Requirements

Bachelor’s degree required.
1-3 years of relevant experience in residential mortgage credit, RTL origination/aggregation, structured finance, real estate debt, or asset-based lending.
Direct experience underwriting RTL whole loans is strongly preferred.
High proficiency in Microsoft Excel and PowerPoint.
Strong written and verbal communication skills, with the ability to present complex investment ideas clearly and concisely.
Detail-oriented, organized, and capable of managing multiple workstreams in a fast-paced setting.
Self-motivated, intellectually curious, and collaborative.

Nice To Haves

Familiarity with whole loan trading or warehouse lending is a plus.
Proficiency with Python is a plus.

Responsibilities

Underwrite residential transition loan (RTL) whole loan pools and individual loan acquisitions, including detailed review of borrower profiles, property-level collateral, renovation budgets and timelines, leverage metrics, and originator track records. Assist in evaluating credit performance data across RTL portfolio to inform pricing decisions.
Build and maintain detailed financial models, conduct collateral tape reviews, cash flow analysis, scenario modeling, and return analysis.
Help cultivate and maintain relationships with RTL originators/aggregators and warehouse lenders. Assist in identifying and developing new investment opportunities across the team’s strategies.
Support due diligence workstreams including originator/borrower assessment, collateral analysis, coordination of third-party reports (legal, admin agents, servicers, appraisers, engineers, etc.), and legal documentation review. Prepare investment committee memoranda with clear articulation of risk, return, and relative value. Assist in structuring and closing of investments, including term sheet preparation, documentation negotiation, and commercial negotiation.
Track loan-level and facility-level performance across the portfolio. Support active portfolio oversight, lead borrower/originator reviews, covenant monitoring, and workout/restructuring efforts as needed.
Develop a deep understanding of the RTL market by conducting research on residential housing, origination trends, and the competitive landscape to support sourcing and investment decisions.