Job Information
PennyMac FVP, Capital Markets Valuations and Investment Analysis in Westlake Village, California
PENNYMAC
Pennymac is (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 First Vice President Capital Markets Valuations and Investment Analysis is responsible for developing and maintaining the models and operational processes surrounding the performance forecasting and valuation of mortgage servicing rights (MSRs) and other mortgage related products that Pennymac may invest in or manage. As the FVP Valuations and Investments , you will interface with other key MSR stakeholders including pricing, hedging, acquisition and other teams to support key company initiatives.
The First VP Valuations and Investment Analysis will :
Manage the development, testing, and deployment of internally-developed and third-party models for the forecasting and valuation of MSRs and mortgage-related products that Pennymac may invest in or manage, which in turn are utilized in investment analysis, business forecasting and planning, and financial reporting
Communicate analysis of investment performance and valuation changes to executive management and other key stakeholders
Research and obtains information on current trends and developments in financial modeling and financial markets to ensure that Pennymac’s methodologies are best practice and in line with other market participants and market information
Direct the monthly valuation process for all mortgage products without transparent market pricing, the results of which are used in financial reporting across all entities managed by Pennymac
Develop and maintain process and model documentation for valuation and investment reporting activities
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 in Business, Finance or related field; MBA a plus
Strong understanding of the mortgage market, and specifically MSRs
Financial Services and mortgage industry experience required
Experience with market MSR models including QRM a plus
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
$110,000 - $170,000
Work Model
OFFICE
