Associate Securitization Deal Manager - WFH Nationwide

Flagstar Bank Long Island , NY 04050

Posted 2 months ago

Position Title

Associate Securitization Deal Manager - WFH Nationwide


Work From Home United States

Job Summary

The Associate Securitization Transaction Manager is responsible for supporting the Securitization team for the Flagstar Residential Mortgage Back Securities (RMBS) program. This role assists with and coordinates the transaction from kickoff through post-closing including coordination and setting of the transaction calendar. He / She will work closely with team to successfully execute each transaction in accordance with the program documents and internal procedures. Candidate must be willing and able to working a very high pressured, fast-paced, and ever changing environment.

Job Responsibilities:

  • Assist the Securitization Transaction Managers by engaging all related external vendors, setting and managing timing and expectations. Prepare transaction calendars and working party lists. Ensure that all transaction documentation is maintained in accordance with process and procedures. Creation and management of transaction budget, inclusive of ongoing reconciliation of expenses incurred. Maintain and manage all information required to be provide on the 17G site to ensure rating agency compliance.

  • Coordination of the securitization due diligence requirements and reviews to ensure that internal teams are meeting the requirements for each securitization. Oversee and lead the relationship and the performance of the external due diligence firm to ensure that all reports are timely, accurate and provided to all parties especially rating agencies to ensure approval and timely filing of SEC reports.

  • Surveillance: Analyze trustee data, reports and other mortgage loan data to track and report overall performance. Maintain investor database to ensure that transaction details and investor participation is properly logged. Maintain applicable procedures and task list.

  • Update and maintain the investor log with all investor orders for each transaction as well as documenting and maintain records of investor meeting. Maintain and update investor presentations.

  • Ensures compliance with applicable federal, state and local laws and regulations. Completes all required compliance training. Maintains knowledge of and adhere to Flagstar's internal compliance policies and procedures. Takes responsibility to keep up to date with changing regulations and policies.

Job Requirements:

  • Bachelor's Degree is required

  • Three (3)years or more experience within mortgage industry relevant to capital markets, securitization and or transaction management experience required

  • Demonstrate sound judgment and decision

  • Strong knowledge of mortgage loan space and jargon

  • Execution focused - organized, action oriented

  • Ability to effectively interact and communicate with management, business partners, and third party vendors

  • Project management and analytical skills with a strong focus on attention to detail.

  • Ability to efficiently sift through large amounts of information and spot trends and inconsistencies.

  • Ability to consistently demonstrate high quality decision making, strong problem solving and analysis skills while paying strong attention to detail and managing multiple time sensitive tasks.

  • Embraces change and demonstrates the flexibility to engage in multiple projects simultaneously.

  • Effectively assesses and prioritizes workload to meet deadlines in a dynamic and fast-paced environment.

  • Strong written and verbal communication skills, with demonstrated ability to effectively communicate with internal and external customers, peers, and management.

  • Strong Technical knowledge (Excel, Word, Access and Power Point)

  • TRAVEL REQUIREMENTS (5% OF TIME SPENT AWAY FROM HOME OFFICE) to meet with investors and attend conferences, if needed

Internal Use Only: Job Band G

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Associate Securitization Deal Manager - WFH Nationwide

Flagstar Bank