Assistant Manager, Secondary Marketing & Pricing

Redwood Credit Union•Napa, CA

1d•Onsite

About The Position

Redwood Credit Union is seeking an Assistant Manager, Secondary Marketing & Pricing who will plan, supervise, administer, and manage day-to-day activities and functions of Secondary Market team within the Finance department. Manage various analytic and reporting deliverables for Senior Management and Executives. Participate in the development and maintenance of a Data Management and Business Intelligence Reporting system. This position provides support to the Finance Manager and work closely with the SVP/Accounting & Finance, Chief Financial Officer, and other members of the Executive and Senior Leadership Teams. The secondary market is the financial market in which residential mortgages and mortgage-related securities are bought and sold. The secondary market provides lenders with liquidity to fund mortgage originations, and the means to manage interest rate risk and credit risk by removing loans from their balance sheet through the sales of those loans into the secondary market.

Requirements

Advanced knowledge of mortgage industry lending products, interest rates, secondary market and investor guidelines and requirements.
Ability to learn and become an expert in product and guideline knowledge.
Experience with depository financial institution financial modeling, planning, and analysis.
Strong leadership, organization, critical thinking, and problem-solving skills.
Ability to direct and supervise the work of others.
Ability to establish and maintain effective working relationships in a diverse environment.
Ability to lead projects and teams.
Strong organizational, time management, data review and analytical skills. Ability to effectively prioritize and manage multiple assignments with minimal direction and supervision to ensure that commitments, deadlines, and goals are met.
Advanced knowledge and proficiency of various software programs including strong database and Excel spreadsheet skills, Word, PowerPoint, and Power BI.
Ability to perform complex analysis and draw logical conclusions.
Ability to act independently and confidentially with little or no supervision.
Ability to effectively communicate verbally and in writing.
Ability to distinguish and manage confidential information, materials, and conversations.
Ability to organize workflow efficiently.
Ability to self-direct personal training needs and utilize available resources.

Nice To Haves

Experience with depository financial institution financial modeling and forecasting and analysis of line of business profitability is preferred.
Previous supervisory experience preferred.
Previous Lock Desk experience within a depository financial institution or similar is strongly preferred.

Responsibilities

Direct loan sale activities with external parties.
Develop and enhance pricing models and monitors secondary markets for changes that impact daily pricing positions.
Review and approve rate lock escalations/off sheet pricing approval.
Manage and organize locked loan pipeline.
Oversee loan delivery activities.
Participate in loan rate recommendations and daily LOS rate updates.
Manage relationships with external parties, including Fannie Mae, and other investors for both conforming and non-conforming mortgages, as well as SBA loan products.
Coordinate efforts with Mortgage Lending, Marketing, Accounting, and other internal departments.
Oversee data preparation and leadership for the Fannie Mae and other related audits.
Support the data preparation and submission process for the NCUA 5300 Call Report and the FHLB Collateral Pledge.
Oversee financial analysis related to loan sale profitability and other financial sensitivities associated with buy vs. sell decisioning.
Manage reporting on secondary market and other functions for internal and external parties.
Manage department’s role in development and on-going maintenance of a data management system.
Support interest rate risk management through secondary market activities, reporting, and modeling.
Delegate, coordinate, and review work of secondary marketing team members to ensure quality and timely work.
Evaluate, design, and implement operationally effective processes.
Responsible for performance management of respective team members.
Interview applicants and make hiring recommendations.
Perform other related duties as required.
Participate in community and RCU sponsored events.

Benefits

Competitive medical, dental, and vision insurance, mental health offerings
Employee performance incentive plan
Salary Advancement– Merit increase based on performance
401(k) program with employer match
Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!
RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
RCU employees are eligible for a 1% discount on all recreational or boat loan products
2% discount off Visas and LOC Loans through RCU
0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.
0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.
0% interest on garment, fitness, or home office equipment loan of up to $500
100% financing for employee purchased homes!