First VP Portfolio Investments

Pennymac • Westlake Village, CA

19h • Onsite

About The Position

PENNYMAC is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

Requirements

• Bachelor’s degree or foreign equivalent in Business Administration with a concentration in Accounting and Finance or related field
• Two (2) years of post-baccalaureate experience as an Associate – Residential Mortgage, Analyst, or in a related position
• Experience must include Bloomberg, Yield Book, Intext, Tableau, and Python

Responsibilities

• Perform analysis and make recommendations for the purposes of pricing and securitization execution and optimization for newly created Investment Portfolios
• Analyze new financing structures for investment purposes and work with various dealers on new products or structures that PennyMac could originate or source for investment purposes
• Run and monitor private label securitization of whole loans for various asset classes beginning to end
• Maintain and enhance existing cashflow models related to ongoing pricing and estimated securitization execution for various asset classes
• Determine pricing at which securities should be offered to various asset classes
• Develop bespoke financial models including scenario analysis and cashflow modeling to assess investment opportunities
• Run various sensitivity and scenario analysis using internal credit models on existing positions
• Evaluate data gathered from models to ensure securities valuations and pricing are accurate
• Meet with and manage relationships with vendors, transaction counterparties, and internal cross-functional business areas
• Present findings and recommendations to senior management and both technical and non-technical stakeholders

Benefits

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level