VP Portfolio Strategy

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

Reporting to the Senior Vice President, Portfolio Strategy, this position plays a critical leadership role in managing mortgage servicing portfolio activities across Pennymac's MSR and sub-servicing assets.

This position focuses on executing strategies designed to increase revenue, minimize losses, and improve investment returns across government, conventional, whole loans, and junior mortgages.

The VP, Portfolio Strategy must possess a strong working knowledge of mortgage servicing and capital markets.

This position requires applying financial, operational, and statistical competencies to implement best execution strategies developed by senior leadership.

The VP, Portfolio Strategy will:

• Lead the oversight of mortgage portfolios and strategies, ensuring active collaboration with Default Servicing, Non Default Servicing, Credit, Compliance, and Capital Markets.
• Execute and monitor portfolio management routines and develop monthly reporting / dashboards to present to executive leadership.
• Support the development and implementation of strategies (Early Buy Out, Credit Risk Transfer, Late Stage Delinquency etc.) to optimize the return for loans.
• Oversee development and regular maintenance of credit models used by different groups in Servicing.
• Direct routine economic and financial analysis, including forecasting of Servicing activities.
• Lead the day-to-day analysis of investor requirements and oversee financial modeling to optimize loss mitigation programs for government, conventional, and whole loans.
• Provide leadership and guidance to a team of 3-5 Analysts and Managers and is responsible for new Analyst development.
• 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 related field (Finance, Economics, Accounting, Statistics). MBA preferred.
• 7-10 years progressive experience in the financial industry. Mortgage or fixed income highly preferred.
• Expert in MS Excel and in manipulating large data sets.
• Experience with relational databases, data analysis, and business intelligence tools.
• Strong critical thinking, problem solving, mathematical skills, and financial acumen.
• Ability to work collaboratively with various departments and manage multiple priorities.

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
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit:

For residents with state required benefit information, additional information can be found at:

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