Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Greater LA Area

AVP, Portfolio Investments at Pennymac

| Greater LA Area
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The AVP, Portfolio Investments is responsible for helping manage various types of investments the Company makes on behalf of its managed entities. The investments span across various product types including whole loans, mortgage backed securities, and mortgage servicing rights. The AVP, Portfolio Investments will conduct extensive analysis on both existing investments as well as new opportunities and assist to oversee the day to day operations to ensure the strategic execution of the overall program is met. The AVP, Portfolio Investments also works closely with many other parts of the organization and will be responsible for communicating and coordinating across the Company for all investment related initiatives.
Job Description
  • Conduct extensive investment valuation activities including collateral and pricing analytics
  • Manage activities related to running and maintaining pricing models and help oversee day to day activity
  • Conduct model validation, verify inputs/assumptions, and periodically back test data to support changes in the market and business with a large degree of autonomy
  • Work on whole loan, MSR, and securitization transactions, and ensure deliverables and deadlines are consistently attained
  • Monitor performance of investment portfolios and transactions completed, including in depth analysis of actual to model results such as vectors and returns
  • Research and analyze collateral data across the servicing and origination portfolios and run analyses and reporting
  • Interact with investors, sellers, correspondents, broker-dealers, brokers, business partners, and financing providers with respect to both building new relationships and expanding existing ones
  • Serve as a Capital Markets Portfolio Investments liaison to other internal departments (such as Financial Analysis and Valuation, Portfolio Strategy, Treasury, Accounting, Production, and Servicing)
  • Manage, cross train, and assist in the development of junior members of the Portfolio Investments team
  • Build controls and processes to ensure zero defect execution on activities within areas of responsibility
  • Perform and manage additional responsibilities / projects within Portfolio Investments and across the organization as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values
Ideal Candidate will have the following:
  • Detail-oriented and proven leader capable of delivering results due to the significant and immediate financial impact on valuation/pricing/trading
  • Willingness and interest to research and understand complex modeling and business issues
  • Excellent critical thinking, problem solving, and mathematical skills, along with sound judgment
  • Excellent written and verbal communication skills; ability to communicate effectively with Executive Management and coordinate with other groups across the organization
  • Experience in financial services and / or mortgage industry
  • Proficient with Microsoft Word, PowerPoint, and advanced Excel automation skills
  • Proficient with SQL, Snowflake, and Python / R highly desired
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • .NETLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • AWS Cloud ServicesLanguages
    • jQueryLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • AngularJSFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
    • MongoDBDatabases
    • MySQLDatabases
    • PostgreSQLDatabases
    • TableauAnalytics
    • ConfluenceManagement
    • Google DriveManagement
    • Google DocsManagement
    • Google SlidesManagement
    • JIRAManagement
    • GitLabManagement
    • SalesforceCRM

What are Pennymac Perks + Benefits

Pennymac Benefits Overview

Pennymac puts its people first. Our generous health, dental and vision benefits are available to all full-time employees. Our tech department also hosts fun, team-building events and activities.

Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Mental Health Benefits
Retirement & Stock Options Benefits
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Some Meals Provided
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Diversity Program
Lunch and learns
Promote from within
Mentorship program
Time allotted for learning
Online course subscriptions available
Customized development tracks

An Insider's view of Pennymac

What are some social events your company does?

Our Tech team has great events, including casino & trivia nights, virtual happy hours, gaming - we’ve even sponsored a video game tournament against our industry competitors! We’re nationally disbursed, but regardless of where people live, we’re all part of one interactive, linked community, and it’s easy to find others who share your interests.


Senior Developer, Production

How do you collaborate with other teams in the company?

The culture at Pennymac has cultivated a great sense of teamwork in which we all succeed, fail, and learn together. We collaborate in many ways - from video calls to morning coffee hours, ad hoc huddles, email, chat, and sometimes while playing ping pong or pool in the cafeteria. Everyone is encouraged to work together to accomplish a common goal.


Vice President, IT Program Management

How has your career grown since starting at the company?

My time at Pennymac has rocketed my career as a software dev. In two years I went from having no professional coding background to managing three applications in production, managing two direct staff and contributing to open-source libraries. My time has given me the experience and skills to successfully create new tech products that make money.


Assistant Vice President, Application Development

How do your team's ideas influence the company's direction?

As a company, we're one very cohesive, supportive team with various areas of expertise. It's like a potluck - everyone brings something different, but it all comes together perfectly. Company management believes in us, trusts us, and invests in us. That provides the opportunity to build positive outcomes for our business and our customers.


Managing Director, Technology Infrastructure

What are some things you learned at the company?

Our team constantly works to better itself by delivering software on time without shortcuts or compromising quality. At Pennymac, I have the opportunity to own many critical day-to-day database operations. I've had the flexibility to be innovative, which has allowed me to grow as a developer.


Senior Developer, Database

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