Capital Markets Manager

PENNYMAC

Pennymac (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 Capital Markets VIRSI (Valuation and Interest Rate Sensitive Investments) Manager will be responsible for valuation, analytics, and reporting of Pennymac's mortgage-related assets, with a focus on the Mortgage Servicing Rights (MSR) portfolio encompassing approximately $560 billion of serviced loans. As the VIRSI Manager, you will also support Capital Markets' evaluation of potential MSR acquisitions in addition to MSR pricing to support the company's position as the nation's largest correspondent aggregator. This position requires a solid background in and understanding of the cash flow mechanics of mortgages and related derivatives in addition to the knowledge or financial modeling techniques that can be applied in the valuation of such assets.

The VIRSI Manager will:

• Project and model the value and performance of mortgage assets

• Analyze drivers and trends in performance of such assets

• Generate reporting regarding mortgage asset valuation, performance, and other key attributes

• Assist with the development and testing of new models in addition to the performance benchmarking of new models

• Contribute to the timely and accurate preparation of management and financial reporting

• 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 or equivalent work experience

• 3+ years of relevant work experience

• Familiarity and background in the valuation of mortgage related assets (whole loans, MBS and / or MSRs)

• Strong understanding of Discounted Cash Flow (DCF) valuation techniques

• Highly proficient in Excel (Lookups, PivotTables, Macros, What/If Analysis, etc.)

• Proficiency in SQL and/or Python preferred

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

$71,500 - $162,500

Work Model

OFFICE