Analyst/Associate - Residential Mortgage

Pretium; New York (NY); On-site; USD 115,000 - 140,000; Full time

Job summary

A leading investment firm in New York seeks an Analyst/Associate for their Residential Mortgage team. This role involves supporting various aspects of mortgage strategies, engaging with external partners, and optimizing trading processes. Ideal candidates will have a strong analytical background and experience in finance or economics.

Benefits

Employer-paid health, dental, vision and life insurance

401(k) plan with an employer match

20 annual days of Paid Time Off (PTO) plus 12 Firm holidays

Hybrid office/work from home arrangement

Annual year-end bonus eligible

Qualifications

• 2-5 years of relevant work experience.
• Experience on a trading desk or portfolio management team preferred.

Responsibilities

• Support MSR and EBO businesses including sourcing, pricing, bidding, and risk management.
• Direct communication with key external partners.
• Analyze earnings, risk, and mark to market.

Skills

Analytical

Communication

Detail oriented

Proactive

Education

4-year undergraduate degree or higher in economics, finance, engineering or science

Tools

MS Excel

Bloomberg

Intex

YieldBook

Job description

Analyst/Associate - Residential Mortgage

New York, New York

Position/Title: Analyst/Associate - Residential Mortgage

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $57 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney.

Position

The Residential Mortgage Associate is a key contributor in the front office investment team and actively involved in the MSR and EBO businesses as well as other strategies within the Residential Credit business. The Associate will support the entire MSR and EBO businesses, including sourcing, pricing, bidding, settlement, financing, asset management and risk management. The position requires interaction with multiple business units both internal and external to the firm, including transaction management, analytics, technology, lenders, subservicers and the GSEs. This position is based in the Firm’s New York office.

Key Responsibilities

• Learn the business of acquiring, managing, and funding residential credit strategies
• Direct communication with key external partners such as sell side institutions, lenders, subservicers, rating agencies and GSEs
• Help with sourcing of assets, underwriting, and financing
• Oversee transactions as they progress through the typical trade life cycle
• Develop or design tools and processes to increase transactional throughput including
• Apply computational methods to optimize trading, financing, and securitization strategies
• Analyze earnings, risk, and mark to market to explain and report business performance
• Work closely with team members in trading, operations, accounting, risk control and other departments to manage and execute portfolio strategies to achieve revenue objectives
• Review daily risk management and hedging of the portfolios

Requirements

• 4-year undergraduate degree or higher in economics, finance, engineering or science
• 2 – 5 years of relevant work experience
• Detail oriented with ability to prioritize workflow and multi-task
• Exceptional analytical and communication skills
• Comfortable in a fast-paced trading environment
• Comfortable working with large sets of data
• Proactive in developing new ideas and ability to enhance current methods and tools.
• Familiarity and knowledge of fixed income products, direct exposure to mortgages is preferred.
• Intermediate to advanced technical skills including MS Excel
• Experience utilizing pricing models and third-party pricing applications (Bloomberg, Intex, YieldBook, etc.)
• Strong preference for someone with prior experience on a trading desk or portfolio management team
• Strong preference for someone with prior experience in Mortgage Servicing Rights (“MSRs”) and/or Early Buyouts (“EBOs”)

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment. The company offers a comprehensive benefits and perks package, including:

• Employer-paid health, dental, vision and life insurance
• 401(k) plan with an employer match
• 20 annual days of Paid Time Off (PTO) plus 12 Firm holidays
• Hybrid office/work from home arrangement (in office minimum of three days per week, four days strongly preferred)
• Annual base salary range for this role is expected to be between $115,000 - $140,000
  • The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
• Annual year-end bonus eligible

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

Please see the firm’s policy regarding how it collects and processes your personal information.

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