Analyst / Associate, Residential Debt

Man Group•New York, NY

About The Position

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.

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.
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

Direct experience underwriting RTL whole loans is strongly preferred.
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.