First VP Portfolio Investments - Pennymac

PENNYMAC:

Pennymac (NYSE: PFSI) 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.

A Typical Day:

The First Vice President Portfolio Investments will be responsible for overseeing the management and optimization of credit-sensitive mortgage-backed securities and loans within our investment portfolio. As the FVP Portfolio Investments, you will leverage your expertise in fixed income securities and credit analysis, and you will play a pivotal role in driving portfolio performance and maximizing risk-adjusted returns. You will also be responsible for overseeing a small team of investment professionals driving the development and execution of investment strategies focused on credit-sensitive assets.

 

The First VP Portfolio Investments will:

 

• Provide strong leadership to a team of analyst fostering a collaborative and high-performance culture
• Lead the strategic management of credit-sensitive mortgage-backed securities and loans, including asset selection, portfolio allocation based on projected risk-adjusted returns
• Conduct in-depth credit analysis, valuation assessments, and risk evaluations of mortgage-backed securities and loans to identify investment opportunities and inform decision-making processes
• Build financial models and conduct model validation, verify inputs/assumptions on an ongoing basis
• Collaborate analytically with other groups within the Capital Markets division and our Financial Analysis and Valuation department including Financial Modeling and Governance
• Prepare comprehensive investment reports, presentations, and executive summaries to communicate portfolio performance, investment recommendations, and risk assessments to senior management and stakeholders
• Oversee the opportunity and risk analysis of new product offerings
• Build controls and processes to ensure zero defect execution on activities within areas of responsibility
• Conduct extensive data science/analytics to understand the impact all collateral characteristics have on overall performance of origination and servicing portfolios
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring:

• Bachelor's degree in Finance, Economics, or related field; advanced degree (MBA, CFA) preferred
• 7 years of experience in portfolio management, with a focus on credit-sensitive mortgage-backed securities and loans
• Strong quantitative, problem solving, and statistics and financial engineering skills
• Extensive experience with SQL, VBA, Bloomberg, and IntexCalc
• Extensive knowledge of mortgage-backed securities, structured finance products, and credit analysis methodologies
• Strong quantitative skills, including proficiency in financial modeling, statistical analysis, and risk assessment techniques
• Excellent communication and presentation skills, with the ability to convey complex concepts effectively to diverse audiences
• Demonstrated leadership abilities, with experience leading cross-functional teams and driving collaborative decision-making processes

Why You Should Join:

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. 

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• 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

 

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

 

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. 

 

Salary:$110,000 - $170,000Work Model:OFFICE