New Origination Trader - Analyst

Pretium; New York (NY); On-site; USD 115,000 - 150,000; Full time

Benefits offered by this job

Health insurance

401(k) plan with employer match

20 annual days of PTO

12 firm holidays

Hybrid office/work from home

Annual year-end bonus eligible

Job summary

Pretium seeks an Analyst to join the Residential Credit team. The role is based in the Firm’s New York or Charlotte office, reporting to the Head of New Origination Loan Trading.

The candidate will learn acquiring, managing, and funding residential credit strategies while engaging with sell-side institutions and Pretium operating companies. Responsibilities include overseeing trades through the life cycle, designing tools to improve throughput and reporting, and applying pricing models to

Qualifications

• Undergraduate degree in finance or economics; CFA designation progress a plus.
• 1–3 years of relevant experience in trading or underwriting.
• Ability to articulate complex strategies to diverse audiences.
• Experience facing the street in trading/underwriting role.
• Strong analytics and reporting with modeling/data integration.
• Familiarity with fixed income products and mortgages preferred.

Responsibilities

• Learn the business of acquiring, managing, and funding residential credit strategies.
• Daily interaction with sell side institutions and Pretium operating companies.
• Oversee transactions as they progress through the trade life cycle.
• Develop tools and processes to increase throughput and reporting.
• Apply computational methods to optimize trading, financing, and securitization strategies.
• Analyze earnings, exposure, and mark to market reporting.

Skills

Analytical skills

Financial modeling

Data reporting

Attention to detail

Multi-tasking

Education

Undergraduate degree in finance/economics

CFA designation progress

Tools

Bloomberg

Intex

YieldBook

Job description

New York, New York and/or Charlotte, North Carolina

Position/Title: Analyst - New Origination Trader, Residential Credit

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 $70 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

We are seeking an Analyst to join the Residential Credit team. This position will report to the Head of New Origination Loan Trading and is based in the Firm’s New York or Charlotte office.

Key Responsibilities

• Learn the business of acquiring, managing, and funding residential credit strategies
• Daily interaction with sell side institutions as well as Pretium operating companies providing Pretium sourcing, underwriting, and advisory services
• Oversee transactions as they progress through the typical trade life cycle
• Develop or design tools and processes to increase transactional throughput as well as streamline both internal and external reporting
• Apply computational methods to optimize trading, financing, and securitization strategies
• Analyze earnings, exposure, and mark to market to explain and report business performance

Requirements

• Undergraduate degree in finance, economics or related field of study; progress towards CFA designation a plus
• Minimum 1 - 3 years of relevant experience
• Recognize how to articulate complex business strategies, problems, and solutions to an audience with extremely diverse skillsets and degrees of sophistication
• Prior experience directly facing the street in a trading and/or underwriting role
• Ability to function as a project leader
• Comfort with daily interaction with senior level team members and providing direction to senior support staff
• Strong analytics and experience with reporting and integrating various models and data
• Attention to detail, time management, and organizational skills are required
• Ability to multi-task
• Familiarity and knowledge of fixed income products, direct exposure to mortgages is preferred.
• Experience utilizing pricing models and third-party pricing applications (Bloomberg, Intex, YieldBook, etc.)

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 four days per week)
• Annual base salary range for this role is expected to be between $115,000 - $150,000
• 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.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Pretium’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.