Manager, Valuation & Investment Analysis - 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:

Responsible for managing and supporting critical analysis and reporting automation by gathering and proposing requirements, creating and maintaining quantitative methods and SQL procedures, and query data from database to obtain information as needed. Use various reporting functions such as Strategic Planning, Investment Analysis, Financial Reporting, Accounting, Treasury, Pricing and Risk Management, and other valuation key attributes. Project and model the value and performance of mortgage assets, using both third-party and internally developed tools. Prepare assets valuations and analysis for valuing portfolio assets including Agency, Non-Agency’s securities, whole loans, term notes and other securities. Analyze and communicate the financial impact of changes in the portfolio value due to changes in assumption sets, market movements, and analysis period. Work with a variety of financial and mortgage-related instruments such as MBS and other related Derivative Instruments, MSR, and Whole Loans. Analyze, evaluate, and discuss drivers and trends presented in the financial reports in order to help other stakeholders better understand the market movements and their impact. Perform and manage daily, weekly, and monthly reviews, analysis, and documentation of current processes using financial metrics and reports. Propose and implement recommendations to stakeholders for new or existing reporting formats. Position also supervises First Vice President, Valuation & Interest Rate Sensitive Investments.

What You’ll Bring:

Master’s degree or foreign equivalent in Financial Engineering, Mathematics, or related quantitative field. Coursework must include Financial Accounting, Econometrics, Empirical Method Finance, Data Analytics & Machine Learning. Familiarity and background in the valuation of mortgage related assets (MBS and other related derivative instruments, whole loans and / or MSRs).

Why You Should Join:

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:$90,000 to $110,000/yearWork Model:OFFICE