FVP, Marketplace Strategy and Ops - Pennymac

PENNYMAC:

Pennymac is(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 Marketplace Strategy and Operations Lead will be a critical founding member of Pennymac’s Marketplace team. As the FVP, Marketplace Strategy and Ops, you will work with key business leaders to learn the current state process and earn trust. This person will earn high credibility to make discontinuous, positive technology and process changes.

 

The FVP, Marketplace Strategy and Ops will: 

 

• Develop a deep and broad understanding of the current-state needs of the business
• Build a vision for the future-state of technological capabilities
• Design solutions based on these needs and visions in collaboration with other stakeholders
• Create teams to deploy these solutions first within Pennymac and then to the market as a whole
• Design and execute the “best of the best” future state systems and workflows

• 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
• MBA or equivalent work experience. Equivalent work experience can include anything that testifies to your business judgment and execution capabilities. Some examples include:
• Experience as a Project / Engagement Lead or equivalent at a top management consulting firm;
• Experience in another competitive environment that requires both quantitative analysis and client-facing work;
• 3-5+ years of relevant work experience
• Expertise in standard business tools. Bonus points for experience in coding / analytical tools (Python, R, SQL)
• The ideal candidate is an ambitious team player that can be each: 
• Analytical: structured, logical, incisive. 
• Collaborative: a team player that can learn on-the-ground while building strong relationships. Many people are analytical, few can do this while building relationships on-the-ground. A good test for this is: can you spend a week onsite with operators and have the team you’re working with enthusiastically want to work with you again?
• Clear: in many senses of the word. A clear thinker: able to articulate what matters most with concision and accuracy. A clear communicator: written and verbal, formal and informal
• Competitive: we want to win
• High pace: capable of—and enjoy—operating in a high gear. Sets aggressive pace for yourself and coworkers

The team that will accomplish Pennymac’s marketplace goals must have a combination of deep experience in the mortgage industry and a fresh, outside-in perspective. For this reason, we are seeking founding members of the team that will bring a fresh perspective to complement Pennymac’s industry expertise.

Why You Should Join:

Scale: Pennymac is a market-leader

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. 

 

Ambition: Marketplace is a unique opportunity

 

Pennymac is the best place to develop and deploy mortgage solutions at scale. While Fintech in general and Mortgage Tech specifically has come a long way in recent years, even great technology is limited by distribution. Mortgage companies are highly regulated and take a conservative approach to change. Pennymac has ambitions to build, partner, and deploy the “best of best” technology. As a leader in each mortgage origination, correspondent lending, and mortgage servicing, Pennymac has the unique ability to deploy technology at scale both internally and through various partner channels.

Apprenticeship: This role is designed to accelerate career progress

The leader of the team has 15 years of startup experience. He believes in hiring high-potential, high-pace, ambitious, people and sponsoring an “apprenticeship” that, with strong execution, drives accelerated learning and other career outcomes for high performers. His philosophy is:

• Recruit competitive, ambitious, kind, collaborative, competent, and high-potential generalists. Character and capability count as much as experience.
• Immerse these people in critical work streams that have potential for massive business impact. The type of people that succeed in this role enjoy 1) being thrown into the deep end, and 2) knowing they have hands-on mentorship and support.
• Graduate the “best of the best” into more senior roles within (or outside of) the company. Past graduates of the team have enjoyed discontinuous career growth. They have earned roles as VPs of Marketing, Head of Product, VPs of Finance, Heads of Strategy (public and private companies).

The role is designed to be a career-accelerating experience for candidates willing to put in the work.

 

As part of the process, we will provide references to various “graduates” of this apprenticeship track.

 

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:$174,000 - $305,000Work Model:OFFICE