Capital Markets Pricing Analyst

Newrez•Fort Washington, PA

1d•Onsite

About The Position

Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effective communications. We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation. POSITION SUMMARY As a member of the Capital Markets team, this position will support and implement Capital Markets’ product pricing process, and publish pricing/rates sheets for the various lending channels. Additional responsibilities would include close coordination with other members of Capital Markets and the Production Channels. ESCRIPTION Essential Functions, Duties, and Responsibilities Accurately and efficiently build best execution pricing and publish final rate sheets for all lending channels Perform control procedures to confirm pricing is accurate, maintain control documentation, and work with audit counterparties in order to ensure the Company is in compliance with control requirements Monitor live MBS pricing for material changes in the market, and re-run best execution pricing, and republish final pricing in accordance with Company policy Update pricing models to incorporate assumption changes – Buyup/Buydown multiples, Mortgage Servicing Right values, Guarantee Fees, etc. Assist in the development of new product pricing for the secondary market, and perform in-depth testing prior to new product deployment Monitor third party loan level pricing adjustments for changes and implement updated pricing adjustments in conjunction with the product development team Perform competitor price comparisons to assist senior management’s effort to identify potential pricing and revenue opportunities Assist the Margin Management group in implementing new pricing strategies, and ensure they are tested and implemented accurately Other duties may include assisting in processing loan data files for the Bulk bidding process, and ensuring the bids are processed and distributed timely and accurately

Requirements

BS degree in Finance, Accounting, Economics or a related field
Two plus years experience in the mortgage industry or financial services
Strong verbal communication skills
Strong interpersonal skills with the ability to develop and maintain effective and professional relationships across the organization
Strong analytical, quantitative, and communication skills
Must be competent in standard Microsoft applications such as Excel, Word, Powerpoint
Strong Microsoft Office skills
All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Nice To Haves

SQL skills are a plus

Responsibilities

Accurately and efficiently build best execution pricing and publish final rate sheets for all lending channels
Perform control procedures to confirm pricing is accurate, maintain control documentation, and work with audit counterparties in order to ensure the Company is in compliance with control requirements
Monitor live MBS pricing for material changes in the market, and re-run best execution pricing, and republish final pricing in accordance with Company policy
Update pricing models to incorporate assumption changes – Buyup/Buydown multiples, Mortgage Servicing Right values, Guarantee Fees, etc.
Assist in the development of new product pricing for the secondary market, and perform in-depth testing prior to new product deployment
Monitor third party loan level pricing adjustments for changes and implement updated pricing adjustments in conjunction with the product development team
Perform competitor price comparisons to assist senior management’s effort to identify potential pricing and revenue opportunities
Assist the Margin Management group in implementing new pricing strategies, and ensure they are tested and implemented accurately
Other duties may include assisting in processing loan data files for the Bulk bidding process, and ensuring the bids are processed and distributed timely and accurately

Benefits

Medical, dental, and vision insurance
Health Savings Account with employer contribution
401(k) Retirement plan with employer match
Paid Maternity Leave/Parental Bonding Leave
Pet insurance
Adoption Assistance
Tuition reimbursement
Employee Loan Program
The Newrez Employee Emergency and Disaster Fund is a new program to support our team members
Newrez NOW: Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
1 Volunteer Time Off (VTO) day, company-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
Employee Matching Gifts Program: We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
Newrez Grants Program: Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions