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

FVP, Portfolio Investments at Pennymac

| Greater LA Area
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Overview
Interface directly with executive management team to define overall residential mortgage servicing rights (MSR) pricing strategy. The primary responsibilities are to develop pricing strategies, ensure pricing strategies are thoroughly analyzed, and recommend to the executive management team which strategies should be pursued. The group manager operates with a large degree of autonomy and decision-making authority.
Job Description
  • Oversee a team that will develop and test complex MSR pricing strategies as well as perform complex analysis to create solutions for corporate strategic initiatives
  • Conduct extensive analysis related to MSR granular pricing in order to appropriately evaluate risk across various collateral attributes.
  • Manage MSR loan-level attribute adjustments and pricing grids, government loss modeling, prepayment and delinquency attribution, and understand the behavior of the qualified residential mortgage (QRM) servicing model.
  • Build financial models and conduct model validation, verify inputs/assumptions, and periodically back test data to support changes in the origination market and overall business with a large degree of autonomy
  • Collaborate analytically with other groups within the Capital Markets division and our Financial Analysis and Valuation department including Financial Modeling and Governance
  • Work directly with the Company's sales teams to determine the impact that pricing strategies may have on our customers
  • Oversee the development and automation of competitive intelligence reporting
  • Conduct extensive data science/analytics to understand the impact all collateral characteristics have on overall performance of origination and servicing portfolios
  • Oversee the opportunity and risk analysis of new product offerings
  • 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:
  • BS or masters in engineering or computer science, math, physics, statistics, or financial engineering. Masters level, MBA or CFA preferable
  • 7+ years of experience building financial models and applying advanced statistics techniques to problems in residential mortgage finance
  • Strong quantitative, problem solving, and statistics and financial engineering skills
  • Extensive experience with SQL coding and Excel automation
  • Knowledge of a statistical package like SAS, R, or similar is desirable
  • Strong business acumen and ability to interface effectively with executive management
  • Detail-oriented and proven leader capable of delivering results due to the significant and immediate financial impact on valuation and pricing
Years of Experience:
5Education:
Bachelor's Degree
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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
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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.

Culture
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
Diversity
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)
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.

Juan

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.

Mandy

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.

John

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.

Nick

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.

Pavan

Senior Developer, Database

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