Asset Based Finance Resi Analyst or Associate

Sixth Street•New York, NY

35d•$110,000 - $200,000

About The Position

Sixth Street, a leading global investment firm dedicated to developing innovative investment strategies and fostering growth across various stages of business, is seeking a Resi Analyst or Associate for its market leading Asset Based Finance team. The Sixth Street Asset Based Finance group is at the forefront of asset/platform investing and origination, working across diverse financial markets, including residential and commercial mortgages, consumer assets, commercial equipment, renewables and energy finance, infrastructure debt and transportation. The Asset Based Finance team is a critical strategic capital partner and investor to companies and management teams and a solutions provider at scale. This is a full-time Investing Analyst or Associate role based in New York focused on residential whole loans. As an Analyst or Associate on the Asset Based Finance team, you will be responsible for analyzing, underwriting, and executing structured finance transactions across asset classes.

Requirements

Highly self-motivated, entrepreneurial, and team-oriented candidates with strong modeling skills
Commercial and Results Orientation
Team orientation and influencing skills
High Trust and Integrity
Strategic / Entrepreneurial Mindset
Strong combination of organizational and interpersonal/communication skills
Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred
1-4 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
Experience underwriting, structuring, and reviewing residential whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
Superior valuation, modeling, and Excel skills evaluating financial assets
Strong accounting, finance, modeling, and problem-solving skills
Keen interest in the financial markets and good commercial instincts
Ability to multi-task and maintain composure in a high-volume environment
Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
Comfortable working in a high growth, iterative environment

Nice To Haves

Intex, VBA, Collateral Analysis System (CAS), and Snowflake/SQL proficiency is preferred but not mandatory

Responsibilities

Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of residential assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
Evaluate investment opportunities across Non-QM / DSCR, 2nd Liens / HELOCs, MSR, Bridge / RTL, Manufactured Housing, and other residential asset classes
Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments
Assist in preparing investment committee memos, diligence memos, and other investment analyses
Accountability – ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
Monitor positions on an ongoing basis and perform quarterly valuations of investments
Interface and negotiate with external counterparties