Investment Sr. Associate, Consumer Loans - Bayview Asset Management

POSITION SUMMARY:

The Senior Associate of Consumer Loans will be responsible for assisting the firm’s investments in consumer whole loans including but not limited to:

• Triage new investment opportunities in consumer loans
• Support the underwriting process of new investment opportunities; this includes:
  • Developing cash flow models
  • Understanding and refining performance modeling plus the fundamental drivers of credit performance
  • Leveraging in-house built models and applying appropriate calibrations to model performance expectations
  • Comparing and contrasting performance expectations to empirical evidence drawn from private and public information (e.g., securitization performance)
  • Developing and optimizing a capital structure (levering structural features such as IOs/POs) for the potential investment opportunity and allocation to a Bayview-managed fund
• Create financial / cash flow models for determining unlevered and levered returns under various structures
• Assess portfolio performance relative to expectations
• Understand market participants, technical price patterns, and alternative return strategies
• Take initiative and drive tasks forward

The ideal candidate will be an individual who is dedicated to making sure that these critical processes are completed effectively, accurately, efficiently and timely to support the investment process. Salesforce, Excel, PowerPoint, Intex, CAS and SQL will be the primary tools used in this position.  Exemplary work ethic and ability to collaborate closely with senior investment professionals is a must.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The following job functions are not all-inclusive. The employee will be required to perform other job-related tasks/responsibilities as requested. Job duties may change as required by needs of company.

• Develop investment models
• Assess investment opportunity variants and determine the optimal pricing protocols
• Present recommendations on the pricing and of investment opportunities to senior investment professionals
• Price various forms of credit risk using proprietary models
• Measure the performance of investments made relative to original underwriting
• Take initiative and drive tasks forward

SKILLS/KNOWLEDGE/ABILITIES:

• Cash flow modeling skills
• Understanding of structuring (warehouse lending and ABS securitizations)
• Organized with processing and coordinating information on deals
• Ability to methodically solve problems and quantify solutions
• Experience working in a result-oriented environment with multiple competing deadlines
• Demonstrated commitment towards achieving career growth and deepening knowledge base
• Exemplary work ethic
• Strong communication and presentation skills that can tailor to both technical and non-technical audiences
• Strong PC skills required, including extensive experience with spreadsheets
• Strong analytical skills and strict attention to detail
• Ability to prioritize several tasks at one time and meet tight deadlines
• Knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives
• Self-driven

EDUCATION and EXPERIENCE:

• Undergraduate degree or higher from a top finance and/or STEM program
• Minimum of four years of work experience in consumer or ABS investments that emphasize quantitative methods and structuring

CERTIFICATIONS, LICENSES, and/or REGISTRATION:

• CFA charter holder, or progress towards completion, preferred

LOCATION & COMPENSATION:

• This is a hybrid role (3-4 days onsite) that will be based in either Bayview’s NYC or Coral Gables, FL offices. We have existing team members in both locations. 
• Base compensation is expected to be $140-170k with the opportunity for incentive compensation including bonus compensation. 

PHYSICAL DEMANDS and WORK ENVIRONMENT:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls.  The employee frequently is required to talk and hear.  The noise level in the work environment is usually moderate.  The employee is occasionally required to stand; walk; reach with hands and arms.  The employee is rarely required to stoop, kneel, crouch, or crawl.  The employee must regularly lift and/or move up to 10 pounds.  Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.

EEOC

Bayview Asset Management is an Equal Employment Opportunity employer.  All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.