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Pennymac
Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Tampa Bay, FL
Hybrid
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Operations//Operations Management//

FVP, Counterparty Risk at Pennymac (Tampa Bay, FL)

Sorry, this job was removed at 11:43 p.m. (CST) on Thursday, February 24, 2022
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Overview
Responsible for oversight and direction of all departmental activities related to counterparty management, contract administration, compliance, and client level agreement remedies.
Job Description
  • Establish strategic direction and objectives pertaining to Client Administration and Post Purchase Loan Defects
  • Oversee the evaluation and approval process for prospective clients and review and monitor clients to determine alignment with established policy and procedures
  • Determine options and desired outcomes for client status, confer with executive leadership, and direct the appropriate course of action for ongoing business activities with clients
  • Oversee the determination of options and desired outcomes for repurchased loans, ensure implementation of the best course of action and manage the documentation of applicable decisions
  • Oversee the development of procedures to ensure current processes are correctly documented to ensure compliance with internal standards as well as federal and state regulations
  • Negotiate loan purchase agreements
  • Interface with various groups, including internal teams, external clients, and vendors to ensure departmental activities are appropriately coordinated across the division and enterprise
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values
Ideal Candidate will have the following:
  • Bachelor's degree or higher in Business Administration, Finance or related field preferred
  • Recent experience in managing correspondent counterparty approvals for a nationally recognized company
  • Functional understanding of correspondent acquisition process
  • Functional understanding of applicable federal, state and local lending regulations
  • Functional understanding of mortgage investor guidelines
  • Managerial experience required
  • Highly proficient in Microsoft Office Suite
  • Team player with strong attention to detail and able to work independently
  • Proven track record at delivering timely and accurate information in a fast-paced environment
  • Excellent critical thinking, problem solving, financial analysis and mathematical skills and sound judgment
  • Strong business acumen and ability to interface with executive management
  • Experience with Microsoft SQL Server, preferred, not required
Years of Experience:
10Education:
Bachelor's Degree
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Kisha Parker
Executive Vice President of Corporate Sustainability
SUSTAINABLE BUSINESS PRACTICES
How much difference can one company make?
Pennymac's focus on environmental, social and governance (ESG) impact underscores a strategic shift from “corporate responsibility” to “corporate sustainability.” Environmental impact is championed through recycling, waste management, paperless solutions, renewable energy and cloud computing. Social impact is maximized through equitable home ownership; green mortgage; diversity, equity and inclusion; culture management; mentorship programs; and philanthropy initiatives. Moreover, governance impact is managed through board governance and diversity, risk management and more.
Pennymac's focus on environmental, social and governance (ESG) impact underscores a strategic shift from “corporate responsibility” to “corporate sustainability.” Environmental impact is championed through recycling, waste management, paperless solutions, renewable energy and cloud computing. Social impact is maximized through equitable home ownership; green mortgage; diversity, equity and inclusion; culture management; mentorship programs; and philanthropy initiatives. Moreover, governance impact is managed through board governance and diversity, risk management and more.
We want Pennymac’s corporate sustainability and ESG initiatives to be a source of pride for our employees, customers, partners and shareholders.
Lilianne Tang
AVP, Diversity & Inclusion
MEANINGFUL ACTIONS
An ever-growing sense of belonging and support
Lilianne Tang wants Pennymac teammates’ understanding of diversity and inclusion to keep evolving. The best way to do that? Continuously provide employees with resources that increase awareness and facilitate allyship. Rich programming, like heritage month celebrations, a quarterly conversation series around DEI topics and resource groups have become launchpads for discussion and growth. Recently, Tang facilitated a panel where employees with disabilities shared their experiences and challenges. Events like this expand people's understanding of DEI, and why that work is so necessary.
Lilianne Tang wants Pennymac teammates’ understanding of diversity and inclusion to keep evolving. The best way to do that? Continuously provide employees with resources that increase awareness and facilitate allyship. Rich programming, like heritage month celebrations, a quarterly conversation series around DEI topics and resource groups have become launchpads for discussion and growth. Recently, Tang facilitated a panel where employees with disabilities shared their experiences and challenges. Events like this expand people's understanding of DEI, and why that work is so necessary.
Through DEI education, activities and initiatives, people will feel empowered to create change in the workplace on an individual, interpersonal and institutional level.
Omri Gabay
DevOps and Platform, Capital Markets
NEW TECH
The power of a modern, reliable tech stack
Curiosity and passion go hand in hand for engineers at Pennymac. It’s why Omri Gabay can often be found reading up about the latest tech and sharing his findings with his team — when he’s not building infrastructure-as-code or developing an internal platform. “We encourage innovation,” Gabay said. “Using new tools helps us push the boundaries of the modernization frontier.” With a stack that includes Postgres, Node.js-based microservices, Golang and React Native, the tech teams at Pennymac spend their days working with tools that truly excite them, without sacrificing reliability.
Curiosity and passion go hand in hand for engineers at Pennymac. It’s why Omri Gabay can often be found reading up about the latest tech and sharing his findings with his team — when he’s not building infrastructure-as-code or developing an internal platform. “We encourage innovation,” Gabay said. “Using new tools helps us push the boundaries of the modernization frontier.” With a stack that includes Postgres, Node.js-based microservices, Golang and React Native, the tech teams at Pennymac spend their days working with tools that truly excite them, without sacrificing reliability.
I’m constantly reading, learning and participating in technical communities online alongside my teammates. We also have linklogs where we post interesting ideas or developments that could help propel our applications forward.

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
View full list of perks + benefits
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