First VP Portfolio Investments

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

Perform analysis and make recommendations for the purposes of pricing and securitization execution and optimization for newly created Investment Portfolios; Analyze new financing structures for investment purposes and work with various dealers on new products or structures that PennyMac could originate or source for investment purposes; Run and monitor private label securitization of whole loans for various asset classes beginning to end; Maintain and enhance existing cashflow models related to ongoing pricing and estimated securitization execution for various asset classes; Determine pricing at which securities should be offered to various asset classes; Develop bespoke financial models including scenario analysis and cashflow modeling to assess investment opportunities; Run various sensitivity and scenario analysis using internal credit models on existing positions; Evaluate data gathered from models to ensure securities valuations and pricing are accurate; Meet with and manage relationships with vendors, transaction counterparties, and internal cross-functional business areas; and Present findings and recommendations to senior management and both technical and non-technical stakeholders.

What You’ll Bring

Bachelor’s degree or foreign equivalent in Business Administration with a concentration in Accounting and Finance or related field and two (2) years of post-baccalaureate experience as an Associate – Residential Mortgage, Analyst, or in a related position. Experience must include Bloomberg, Yield Book, Intext, Tableau, and Python.

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:

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.

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Salary

$110,000 - $200,000

Work Model

OFFICE