Associate, Residential Whole Loan & Structured Credit

A major global alternatives platform spanning private equity, credit, real assets, and insurance. The firm manages capital across direct investment funds and affiliated insurance subsidiaries, with a mandate to generate risk adjusted returns through disciplined underwriting and long term ownership. The insurance business offers annuity, protection, and reinsurance products managed by a dedicated subsidiary, and demand for residential asset based finance product across the insurance balance sheet and the firm's managed funds has grown materially in recent years, creating the need for additional execution capacity at the Associate level to support a growing flow of residential transactions. What You'll Do This is an execution focused investing role within the residential ABF effort, supporting the structuring, underwriting, and ongoing portfolio management of residential whole loan and securitized transactions across the insurance balance sheet and the firm's managed credit and ABF funds. The Associate will work closely with senior investment professionals on a steady pipeline of residential transactions and will take ownership of the modeling, diligence, and structuring analytics that sit behind each deal, alongside ongoing surveillance of the existing residential portfolio. Asset class coverage includes non-QM, jumbo prime, residential transition loans, second lien and HELOC, single family rental, mortgage servicing rights, reverse mortgages, and agency and non-agency RMBS, with selective exposure to the broader ABF universe. Core Responsibilities Deal Execution and Modeling Build and maintain detailed cash flow models for residential whole loan portfolios and securitized transactions, including collateral level analysis, loss and prepayment assumptions, and structured note waterfalls; support senior team members through underwriting, structuring, and closing. Structuring Support Contribute to the structuring of rated note feeders, private securitizations, warehouse facilities, and other capital efficient formats used to place residential collateral into the insurance balance sheet and the firm's managed fund vehicles; coordinate with internal structuring, legal, accounting, and ratings advisor counterparts through execution. Diligence and Investment Materials Lead collateral and counterparty diligence on residential whole loan portfolios and forward flow programs; author internal investment memos with clear conclusions and recommendations for senior investment committees and insurance stakeholders. Market Coverage Maintain ongoing coverage of residential whole loan and securitized markets including agency and non-agency RMBS, non-QM, residential transition, HELOC and second lien, single family rental, MSR, and reverse mortgage; track dealer research and pricing trends; develop a working view on relative value across sub sectors. Monitor existing residential holdings across vehicles for emerging risk or opportunity; produce regular surveillance and performance reporting; support the design and execution of rotation trades alongside senior investment colleagues. What We're Looking For Two to four years of experience in investment banking, asset management, or insurance investing, with hands on exposure to residential whole loan or RMBS transactions Direct experience working with residential whole loans is required, including involvement in diligence, modeling, structuring, or trading of whole loan portfolios at an originator, aggregator, asset manager, insurance investor, or sell side desk Strong financial modeling and analytical skills, including cash flow modeling of residential collateral, loss and prepayment analysis, and structured note waterfalls Familiarity with the rated note feeder, private securitization, and warehouse formats commonly used to place residential collateral into institutional balance sheets and fund vehicles Awareness of the regulatory, capital, and accounting frameworks that shape residential ABF investing on an insurance balance sheet, including NAIC and rating agency treatment of rated note and private securitization structures Clear written and verbal communication, with the ability to produce investment memos and deal materials for senior audiences Entrepreneurial mindset and willingness to take ownership of work streams in a fast moving environment Familiarity with insurance specific accounting, capital, and investment constraints is a plus #J-18808-Ljbffr Oliver James