Portfolio & Investment Operations Manager

Figure Lending; Reno, Charlotte, Dallas (NV, NC, TX); Hybrid; USD 120,000 - 181,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

Employer-paid premiums

401(k) and commuter benefits

Paid holidays and PTO

Job summary

Figure Lending is seeking a Portfolio & Investment Operations Manager to own asset management for RTL/HELOC portfolios across securitizations and JV structures. You’ll ensure ongoing performance, compliance, and economics while turning servicing and waterfall mechanics into repeatable practices.

You’ll work with the Capital Markets team on deal origination, securitizations, and portfolio sales, coordinating with Finance, Legal, and Compliance to support anti-fraud and governance standards.

Qualifications

• 4+ years in portfolio or asset management, structured finance, or capital markets operations.
• Ability to read and apply governing agreements and financing documents.
• Strong analytical and modeling capabilities with portfolio tracking focus.

Responsibilities

• Track mortgage asset performance across originations, payoffs, delinquencies, extensions, draws and losses.
• Produce recurring portfolio reports for internal and investor stakeholders.
• Maintain current concentration limits, eligibility criteria, and covenant compliance.
• Build dashboards and trackers for performance, cash flows and risk metrics.
• Manage day-to-day portfolio operations including delinquency tracking and reconciliations.
• Support asset and portfolio economics in collaboration with Finance, Legal, and Compliance.
• Coordinate with deal teams on new originations, securitizations, and portfolio sales.
• Oversee investment vehicle mechanics for joint ventures and distributions.

Skills

Excel

SQL

Python

Tableau

Financial modeling

Job description

Portfolio & Investment Operations Manager

About Figure

Figure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets. More than 480 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $30 billion of loans to date, among other products. The fastest growing components are Figure Connect, its credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure’s ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, a yield-bearing stablecoin registered with the SEC as a security under the Securities Act of 1933.
Figure is the market leader in real-world asset (RWA) tokenization. The company has received triple-A ratings from S&P and Moody’s on multiple loan securitizations, the first of its kind for blockchain finance.
We’re proud to be recognized as one of Forbes’ Top 50 Fintech Companies and CNBC’s World’s Top Fintech Companies.

We’re looking for a Portfolio & Investment Operations Manager to join our growing team! As Portfolio & Investment Operations Manager, you’ll own asset management for a portfolio of residential transition loans (RTL)/bridge loans and home equity lines of credit (HELOCs) across securitizations, forward flow agreements, and joint ventures. You’ll be the primary point of accountability for the ongoing performance, compliance, and economics of these portfolios and joint ventures, bridging deal structuring and live operations by turning portfolio management objectives and servicing, warehouse, and sale documents into repeatable practices. This is a newly created role on our Capital Markets team, supporting a leading structured finance platform with multiple institutional counterparties.

What You’ll Do

• Track performance of mortgage assets, including origination trends, payoffs, delinquency, extensions, draws, and loss metrics across warehouse and owned positions


• Produce recurring portfolio reports for internal and institutional stakeholders, and support board and investor reporting cycles


• Maintain a current view of concentration limits, eligibility criteria, and covenant compliance across the portfolio


• Build and maintain portfolio dashboards and trackers covering performance, cash flows, and key risk metrics


• Manage day-to-day portfolio operations, including delinquency tracking and cash and collateral reconciliation


• Apply the portfolio’s governing agreements to day-to-day decisions, including expense sharing, decision rights, and waterfall mechanics


• Support forward flow and loan sale relationships, including compliance with applicable purchase and forward flow agreements


• Coordinate with Legal and Compliance on counterparty notifications, consents, and amendments as the portfolio evolves


• Oversee investment vehicle mechanics for joint ventures, including capital calls, distributions, and investor reporting cycles


• Partner with deal and transaction management, structuring, and compliance teams on new originations, securitizations, and portfolio sales


• Work with Finance and Accounting on cash reconciliation, fee distributions, and portfolio economics


• Collaborate with Treasury on warehouse facility utilization and borrowing-base reporting for the portfolio

What We Look For

• 4+ years in portfolio or asset management, structured finance, or capital markets operations, with direct exposure to residential transition loans, HELOCs, RMBS, or warehouse-financed loan portfolios


• Comfort interpreting and applying governing agreements, servicing agreements, and financing documents


• Ability to read and apply legal and transaction documents directly rather than relying on summaries


• Strong Excel, SQL, Python, Tableau, and financial modeling skills, with comfort building and maintaining portfolio tracking and reporting tools


• Excellent written communication for reporting across counterparties


• High attention to detail and comfort verifying claims against source documents rather than assumptions


• Experience with fund or investment vehicle administration, including capital calls, distributions, and investor reporting cycles (preferred)


• Comfort with NAV attribution and valuation processes for asset-backed credit portfolios (preferred)


• Strong investment and credit analysis skills, with the ability to assess asset performance trends and flag emerging risks (preferred)


• Ability to thrive in a fast-paced startup environment


• Adhere to all company security policies and data handling procedures.


• Complete mandatory security awareness training within required timeframes.


• Promptly report any suspected security incidents or suspicious activity to the Security team.


• Base Compensation Range: $120,438 - $180,656/yr


• Company equity in the form of RSUs

This is the compensation range for the role in the United States. Actual compensation may vary based on a candidate’s experience, skills, location, internal equity, and evolving business needs. While most offers are generally made within the middle of the range, final compensation is determined based on the factors above.

• Comprehensive medical, dental, and vision coverage, with 100% employer-paid premiums for employees and their dependents on select plans


• Company HSA, FSA, Dependent Care FSA, 401(k), and commuter benefits


• Employer-paid life and disability insurance


• 11 observed holidays and PTO plan


• Up to 12 weeks of paid family leave


• Continuing education reimbursement

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and General Workforce Privacy Notice for further information.By submitting your application, you are agreeing andacknowledgingthat you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

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 hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Figure Lending’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 measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis 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.