Operations Associate

Selene Finance LP•Minneapolis, MN

About The Position

Selene is seeking a qualified candidate for the Associate, Operations role, working exclusively on certain Pretium Residential Credit (“Resi-Credit”) and Real Estate Debt (“RE Debt”) (collectively, “RE Credit”) strategies. RE Credit’s primary objective is to opportunistically invest in mortgage and real estate-related assets, including non-performing, re-performing, sub-performing, mortgage servicing rights (“MSRs”), residential transition mortgage loans (“RTL”), homebuilder loans, REOs, and multifamily. Reporting to the Head of Operations, the successful candidate will manage and/or assist with various operational functions, including, but not limited to, new mortgage pool settlements and financing activity, monthly administration of financing facilities, tracking and databasing all settlement and financing activity. This position will work closely with the fund controllers as well as all financing counterparties. The ideal candidate will be familiar with the various activities noted above, have a strong attention to detail/organizational skills, and be able to work with large, complex datasets. The candidate must be inquisitive, a self-starter, and be comfortable operating in a dynamic, fast paced, and entrepreneurial environment. This position will provide exposure to many different areas of the business, including close interaction with the trading desk, multiple third-party servicers, and financing partners.

Requirements

Bachelor's degree in accounting/finance, or equivalent business experience
3-5 years experience
Self-starter comfortable operating in a dynamic, entrepreneurial environment with evolving roles and responsibilities
Strong attention to detail
Effective verbal and written communication skills
Microsoft Office (particularly strong in Microsoft Excel)

Nice To Haves

Strong preference will be given to candidates with relevant residential mortgage loan / REO accounting and operations experience
Preference will be given to candidates with SQL knowledge
Preference will be given to candidates with fixed income product experience and settlements with DTCC

Responsibilities

Primary settlement contact on all deals
Mortgage pool closings/repurchase agreements
Securitizations
EBO repoolings
Wire setup
Assist with new account setups
Know-your-client requests
Document requests
Conduct the monthly financing rolls for the Pretium residential credit funds
Whole loans
Securities
Swaps
Securitization tie outs
MSRs
Load all information into the internal SQL database
Provide the fund administrator/fund accounting with supporting schedules for trial balance tie-out