National Life Group
Residential Whole Loan - Analyst/Associate
National Life Group, Addison, Texas, United States, 75001
Residential Whole Loan - Analyst/Associate
Position: Mid-Senior level, Full-time.
National Life Group’s investment management company, NLG Capital, manages approximately $40+ billion in AUM. In this role you will support the execution of our residential mortgage investment strategy spanning over $1.5 billion in whole loan residential mortgages.
Key responsibilities will include market analysis, loan stratification and data‑driven pricing, underwriting support, portfolio monitoring and reporting, and business development efforts. You will collaborate with trade support, accounting, and technology departments and vendor partners on settlement tie‑out and trade management, and will build analytical systems supporting the team.
Please note that we do not offer visa sponsorship for this position.
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 (Monday‑Thursday). The work schedule may 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 a 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.
Compensation Base pay range: $105,000 - $154,000 USD. Additional compensation may 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). The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive 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.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
Referrals increase your chances of interviewing at National Life Group by 2x.
#J-18808-Ljbffr
National Life Group’s investment management company, NLG Capital, manages approximately $40+ billion in AUM. In this role you will support the execution of our residential mortgage investment strategy spanning over $1.5 billion in whole loan residential mortgages.
Key responsibilities will include market analysis, loan stratification and data‑driven pricing, underwriting support, portfolio monitoring and reporting, and business development efforts. You will collaborate with trade support, accounting, and technology departments and vendor partners on settlement tie‑out and trade management, and will build analytical systems supporting the team.
Please note that we do not offer visa sponsorship for this position.
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 (Monday‑Thursday). The work schedule may 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 a 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.
Compensation Base pay range: $105,000 - $154,000 USD. Additional compensation may 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). The successful candidate may also be eligible to participate in National Life’s discretionary annual incentive 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.
National Life is accepting applications for this role on an ongoing basis and the role remains open until filled.
Referrals increase your chances of interviewing at National Life Group by 2x.
#J-18808-Ljbffr