FVP, Capital Markets Valuations and Investment Analysis
About The Position
The First Vice President Capital Markets Valuations and Investment Analysis is responsible for developing and maintaining the models and operational processes surrounding the performance forecasting and valuation of mortgage servicing rights (MSRs) and other mortgage related products that Pennymac may invest in or manage. As the FVP Valuations and Investments, you will interface with other key MSR stakeholders including pricing, hedging, acquisition and other teams to support key company initiatives. The First VP Valuations and Investment Analysis will: Manage the development, testing, and deployment of internally-developed and third-party models for the forecasting and valuation of MSRs and mortgage-related products that Pennymac may invest in or manage, which in turn are utilized in investment analysis, business forecasting and planning, and financial reporting Communicate analysis of investment performance and valuation changes to executive management and other key stakeholders Research and obtains information on current trends and developments in financial modeling and financial markets to ensure that Pennymac's methodologies are best practice and in line with other market participants and market information Direct the monthly valuation process for all mortgage products without transparent market pricing, the results of which are used in financial reporting across all entities managed by Pennymac Develop and maintain process and model documentation for valuation and investment reporting activities Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization's desired culture and values
Requirements
- Bachelor's degree in Business, Finance or related field; MBA a plus
- Strong understanding of the mortgage market, and specifically MSRs
- Financial Services and mortgage industry experience required
- Experience with market MSR models including QRM a plus
Responsibilities
- Manage the development, testing, and deployment of internally-developed and third-party models for the forecasting and valuation of MSRs and mortgage-related products that Pennymac may invest in or manage, which in turn are utilized in investment analysis, business forecasting and planning, and financial reporting
- Communicate analysis of investment performance and valuation changes to executive management and other key stakeholders
- Research and obtains information on current trends and developments in financial modeling and financial markets to ensure that Pennymac's methodologies are best practice and in line with other market participants and market information
- Direct the monthly valuation process for all mortgage products without transparent market pricing, the results of which are used in financial reporting across all entities managed by Pennymac
- Develop and maintain process and model documentation for valuation and investment reporting activities
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization's desired culture and values
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Real Estate
Number of Employees
1,001-5,000 employees
