Vice President Finance

Job Description

Job Description

Who We Are

At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

POSITION SUMMARY

The Vice President Finance owns the financial performance of Newrez’s Servicing business, operating with a high degree of autonomy to make decisions that drive its profitability. This is a highly technical FP&A leadership role requiring deep mortgage and mortgage servicing expertise across MSR valuation, prepayment and delinquency dynamics, advances, subservicing economics, and cost-to-service. As a key partner to the Chief Servicing Officer and a strong cross-functional partner to operational Servicing leadership, the Vice President translates financial analysis and the key metrics that drive results into decisions that improve the profitability of the business.

DESCRIPTION

Essential Functions, Duties, and Responsibilities

• Own the financial performance of the Servicing business, including the P&L, annual budgeting, monthly forecasting, and long-range planning, with a high degree of autonomy to make decisions that drive profitability.
• Own the preparation and delivery of the monthly Servicing finance deck, and the analysis of monthly results and variances to forecast, including the relationship to the key operational metrics that drive financial results (e.g., MSR valuation, prepayment/CPR, delinquency, advances, and cost-to-service).
• Build, enhance, and maintain financial and forecast models. Significant groundwork is required to modernize the department's existing models to sufficiently support the needs of the business.
• Lead financial modeling for key initiatives and special projects, cost benefit analysis, analytics, prepayment and delinquency/loss forecasting, subservicing economics, and earnings and board/investor reporting support.
• Own ad hoc financial analysis, with a particular focus on ROE, including acquisitions and cost-benefit analysis of changes to the business, particularly expense-reduction initiatives.
• Own the controls that ensure the accuracy and integrity of financial data, working closely with Accounting and Data teams.
• Lead participation in industry surveys and analyze competitor results to inform competitive benchmarking and comp analysis.
• Leverage AI and automation to drive speed, accuracy, and efficiency, especially for routine, recurring, and data-intensive tasks.
• Serve as a key partner to the Chief Servicing Officer and a thought partner to operational Servicing leadership, offering financial guidance, strategy, and scenario planning to support decisions that drive profitability.
• Lead, develop, and delegate effectively across the team to deliver results; set modeling and analysis standards and mentor Finance Managers, Directors, and analysts.
• Perform managerial duties such as goal setting and tracking, performance monitoring and coaching, and ensuring associate engagement.
• Ability to effectively and accurately convey information to others.
• Performs related duties as assigned by management.

Qualifications and Education Requirements

• Bachelor's degree in Accounting or Finance.
• MBA, CPA, and or CFA a plus.
• 12+ years of finance or accounting experience, including experience within mortgage servicing.
• 5+ years of prior supervisory experience.
• Experience with a mortgage servicing system desired.

Skills, Abilities, and Knowledge

• Extensive knowledge of the specialized mortgage servicing business.
• Working knowledge of mortgage regulations, particularly as they impact financial results.
• Strong analytical and financial modeling skills.
• Strong leadership presence and ability to influence cross-functionally.
• Advanced Excel and PowerPoint; Snowflake, SQL, and other data tools a plus.
• Ability to collaborate across the organization and to leverage and delegate effectively across the team to achieve results.
• Ability to work with speed and accuracy under tight deadlines.
• Thrives in a fast-paced environment and is motivated to build out and elevate the finance group.
• Strong organizational skills and attention to detail.

Work Environment and Physical Requirements

• Working on-site at assigned office location.
• Regular and punctual attendance adhering to schedule established by leadership.
• Flexibility to work occasional adjusted work schedules, overtime, and evening and/or weekend hours to meet deadlines or as business needs demand.
• Working in a cubicle hub, maintaining focus on phone calls in a noisy environment within earshot of multiple other conversations.
• Sedentary work in a stationary position at a cubicle for prolonged periods of time.
• Constant repetitive motions required for operating a computer, such as typing and managing phone calls.
• Constantly communicating effectively verbally in English, including accurately exchanging information with others following identification of correct procedures.

Additional Information

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

Employees and applicants acknowledge that this is not a remote role. Individuals in this role are required to be on-site to complete essential job duties, absent extenuating circumstances.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Company Benefits:

We offer benefits, programs, and perks that support you in every aspect of your life.

• Medical, dental, and vision insurance

• Health Savings Account with employer contribution

• 401(k) Retirement plan with employer match

• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave

• Adoption Assistance

• Tuition & Certification reimbursement

• Employee Mortgage Loan Program

• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW:

Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.

• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)

• Matching Gifts Program - dollar-for-dollar up to $1,000

• Access to grants, nonprofit resources, and volunteer opportunities

• More than $6,000,000 donated since 2020

• 1 in 5 employees participates in at least one Employee Resource Group (ERG)
  

Equal Employment Opportunity 

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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