Residential Whole Loan - Analyst/Associate

Residential Whole Loan - Analyst/Associate

Addison, TX; Montpelier, VT

Come join one of America's fastest-growing insurance companies. Since 1848, National Life Group has aimed to keep our promises, providing families with stability in good times and in bad. Throughout that history, we have provided peace of mind to those families as they plan their futures.

Our mission extends beyond the insurance and annuities policies that we offer. We strive to make the world a better place through our grants from our charitable foundation, paid volunteer time for our employees, environmentally sustainable and healthy workplaces, and events that promote the work of nonprofits in our own backyard.

We foster a collaborative environment with opportunities for growth and encourage our associates to live our values: Do good. Be good. Make good.

Role Summary

The Residential Whole Loan - Analyst/Associate will be a key contributor to the execution of our residential mortgage investment strategy spanning over $1.5 billion in whole loan residential mortgages. In this role, the Associate will support market analysis, loan stratification and data-driven pricing, underwriting support, and portfolio monitoring and reporting. The role requires strong technical skills to enhance data processing, automation, and analytics within the investment process. The ideal candidate should be eager to learn, adaptable to evolving capital markets, and comfortable integrating technology into financial analysis. Additionally, this role will also support ongoing business development efforts, including analyzing new origination channels and conducting due diligence. The Associate will cross train and develop other members of the team, ensuring proper depth of talent and resources within the capital markets function.

The Associate will have experience in the residential mortgage and/or RMBS structured finance markets including, but not limited to: asset-level contract finance, due diligence (asset valuation, credit and compliance), collateral analysis, risk mitigation, product development, regulation compliance, and vendor/client management. The ideal candidate will be an effective communicator and presenter, analytical, ethical, collegial, and driven individual with proven track record in residential mortgage investment.

This position currently offers an onsite work schedule, with the expectation that you are in the office four days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.

Essential Duties and Responsibilities

• Support the residential mortgage team on transactions and asset management of the residential mortgage investment portfolio
• Perform deep sector specific research and analysis, identify relative value and potential trade opportunities, and communicate ideas across the team
• Keep portfolio managers updated on key developments in mortgage related sectors, and contribute to the team's strategic outlook in both whole loan and securitized markets
• Help negotiate and manage flow and bulk contracts
• Collaborate with trade support, accounting, and technology departments along with vendor partners on settlement tie-out and trade management
• Clear collateral exceptions with document custodian to make sure all collateral documents are received within the trailing document period
• Track and manage collateral and credit file requirements
• Manage the Know Your Counterparty process for vendors and trade partners
• Complete diligence scope and diligence findings on each transaction based on feedback from investment committee
• Ensure trade stipulations complied with by Seller as per contracts (purchase agreement and trade confirm)
• Build, develop, and enhance analytical systems supporting the Residential Mortgage Investment team
• Compile and manage the residential mortgage monthly reporting (portfolio analysis, trade activity, performance attribution, asset exposure)

Minimum Qualifications

• Undergraduate degree (preferably in accounting, finance, economics, math, or engineering)
• 5+ years experience within the residential mortgage space
• Knowledge of mortgage structured finance including Agency / Non-Agency MBS and Credit Risk Transfer (CRT) markets, with the skills to run various sensitivity and scenario analysis using prepayment models
• Familiarity with loan-level due diligence, collateral, and contract finance for residential mortgage loans
• Strong quantitative skills, with proficiency in Excel, Powerpoint, and customer relationship management software
• Drawn to incorporating technology and best-practices to transaction management policies and procedures
• Ability to wear many hats and ensure that the business is being executed with zero-defect or exceptions and with strong work ethic
• First-principles mindset and ability to think critically and challenge status quo
• Solid interpersonal skills and ability to connect to form meaningful working partnerships
• Experience driving projects to completion
• Ability and desire to work in a dynamic and demanding environment

Preferred Qualifications

• Knowledge of mortgage modeling systems (Intex, Yieldbook) and programming (Python, SQL) considered a strong plus

Benefits

• Your benefits start day one and are flexible and customizable to your and your family's specific needs. Check out the BENEFITS of a Career at National Life!

Base Pay Range. The base pay range for this position is the range National Life reasonably and in good faith expects to pay for the position taking into account the wide variety of factors, including: prior experience and job-related knowledge; education, training and certificates; current business needs; and market factors. The final salary or hourly wages offered may be outside of this range based on other reasons and individual circumstances. Additional Compensation and Benefits. The total compensation package for this position may also include a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. The successful candidate may also be eligible to participate in National Life's discretionary annual incentive programs, subject to the rules governing such programs. If hired, the employee will be in an "at-will position" and National Life reserves the right to modify base salary (as well as any other discretionary payment or compensation or benefit program) at any time, including for reasons related to individual performance, company or individual department/team performance, and market factors. National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.

Salary Pay Range

$116,250 - $170,500 USD

National Life Group is a trade name of National Life Insurance Company, Montpelier, VT founded in 1848, Life Insurance Company of the Southwest, Addison, TX chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York. Equity Services, Inc., Member FINRA/SIPC, is a Broker/Dealer and Registered Investment Adviser affiliate of National Life Insurance Company. All other entities are independent of the companies of National Life Group.

Fortune 1000 status is based on the consolidated financial results of all National Life Group companies.