Pennymac
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 Manager will participate in and manage the negotiation, facilitation, contractual and logistical process of non-agency securitizations as well as mortgage servicing rights securitizations. In addition, the candidate will participate in cash management initiatives, liquidity forecasting, reporting, and analytics.
The Structured Finance Manager will:
Understand concepts of structured finance including agency and non-agency securitizations, mortgage servicing rights securitizations and warehouse financings
Thoroughly review and negotiate all forms of related transaction documents
Manage transactions while fostering internal and external client relationships and business growth
Ensure smooth and timely settlement of transactions
Execute any remediation required based on findings from in-process and post due diligence quality control audits
Support financing and capital strategy formulation
Assist with cash balances, secured revolving facilities, and warehouse lines to ensure liquidity, compliance with lender and regulatory requirements, and to minimize interest and fee expenses
Successfully coordinate across all areas of PennyMac (i.e. Legal, Servicing, Investor Accounting, etc.)
Perform other related duties as required and assigned
What You’ll Bring
Bachelor’s degree or equivalent work experience
5+ years of relevant work experience in structured finance and/or securitizations
Must be proficient in Excel
Experience and knowledge of mortgage banking a plus
Working knowledge of financial and accounting concepts with prior experience in mortgage loan or mortgage backed securities desirable
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
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation:
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.
#TPO
Salary $75,000 - $130,000
Work Model OFFICE
#J-18808-Ljbffr
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 Manager will participate in and manage the negotiation, facilitation, contractual and logistical process of non-agency securitizations as well as mortgage servicing rights securitizations. In addition, the candidate will participate in cash management initiatives, liquidity forecasting, reporting, and analytics.
The Structured Finance Manager will:
Understand concepts of structured finance including agency and non-agency securitizations, mortgage servicing rights securitizations and warehouse financings
Thoroughly review and negotiate all forms of related transaction documents
Manage transactions while fostering internal and external client relationships and business growth
Ensure smooth and timely settlement of transactions
Execute any remediation required based on findings from in-process and post due diligence quality control audits
Support financing and capital strategy formulation
Assist with cash balances, secured revolving facilities, and warehouse lines to ensure liquidity, compliance with lender and regulatory requirements, and to minimize interest and fee expenses
Successfully coordinate across all areas of PennyMac (i.e. Legal, Servicing, Investor Accounting, etc.)
Perform other related duties as required and assigned
What You’ll Bring
Bachelor’s degree or equivalent work experience
5+ years of relevant work experience in structured finance and/or securitizations
Must be proficient in Excel
Experience and knowledge of mortgage banking a plus
Working knowledge of financial and accounting concepts with prior experience in mortgage loan or mortgage backed securities desirable
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
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation:
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.
#TPO
Salary $75,000 - $130,000
Work Model OFFICE
#J-18808-Ljbffr