Junior Portfolio Manager- Real Estate Credit and Securitized Products
Richmond Capital Management, Richmond, Virginia, United States, 23214
Overview
Richmond Capital Management is seeking an experienced investment professional to join its portfolio management team with a primary focus on real estate credit and securitized products. This role will be part of a collaborative portfolio management structure, contributing to investment research, relative-value analysis, risk management, and portfolio construction across client portfolios and commingled funds.
Responsibilities, title, and compensation will be calibrated according to experience. The successful candidate will work closely with senior portfolio managers and sector specialists in a shared decision-making environment, with meaningful input into investment strategy and trade decisions.
Firm Overview Richmond Capital Management is an employee-owned investment management firm based in Richmond, Virginia, with over 30 years of experience serving institutional clients. The firm manages approximately $6 billion in assets under management, including over 175 separate accounts and three private commingled funds with approximately $1.8 billion in assets.
Richmond Capital Management specializes in fixed income strategies, with a strong emphasis on private and public securitized markets, and serves a diverse institutional client base including endowments, public retirement systems, and multi-employer union pension and health & welfare plans. The firm maintains a client-service-focused, collaborative, and entrepreneurial culture.
Key Responsibilities Scope of responsibilities will depend on experience and seniority.
Conduct credit, structural, and collateral analysis of real estate-related securitized products, including Agency RMBS/CMBS, private-label CMBS, GNMA construction-related MBS, REIT and other real-estate-backed debt instruments
Contribute to investment strategy, relative-value analysis, and sector positioning within a collaborative portfolio management framework
Participate in portfolio construction, risk management, and trade implementation across separate accounts and commingled funds
Monitor market developments, deal pipelines, and macroeconomic trends impacting real estate credit and securitized markets
Work closely with senior portfolio managers, traders, and analysts across asset classes
Gain exposure to additional fixed income sectors, including investment-grade and high-yield corporate credit, derivatives, real estate development finance, and mortgage-related structures
Minimum Qualifications
Bachelor’s degree in finance, economics, real estate, or a related field
5–10+ years of relevant experience, depending on level, in real estate credit, securitized products, or related fixed income markets
Demonstrated experience performing credit analysis and investment research on real-estate-backed debt or structured products
Strong quantitative, analytical, and written communication skills
Ability to operate effectively in a team-based, investment-driven environment
Preferred / Differentiating Experience
CFA charter, MBA, or Master’s degree in Real Estate or Finance
Experience with construction-related real estate development financing
Exposure to HUD lending programs, mortgage insurance, bridge financing, LIHTC/HTC, or other structured real estate credit
Buy-side experience working with institutional clients such as endowments, public pensions, or multi-employer union retirement plans
Featured Benefits & Compensation Highlights
Employer-funded SEP retirement plan with significant annual contributions
Competitive base compensation with annual incentive bonus
Long-term partnership opportunities at an employee-owned firm
Health and dental insurance
Collaborative, stable firm with a long-term investment orientation
This position is 100% in-office, based in the Scott’s Addition neighborhood of Richmond, Virginia. Candidates must be willing to relocate if not currently local.
Application Process Richmond Capital Management is an Equal Opportunity / ADA Employer.
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Responsibilities, title, and compensation will be calibrated according to experience. The successful candidate will work closely with senior portfolio managers and sector specialists in a shared decision-making environment, with meaningful input into investment strategy and trade decisions.
Firm Overview Richmond Capital Management is an employee-owned investment management firm based in Richmond, Virginia, with over 30 years of experience serving institutional clients. The firm manages approximately $6 billion in assets under management, including over 175 separate accounts and three private commingled funds with approximately $1.8 billion in assets.
Richmond Capital Management specializes in fixed income strategies, with a strong emphasis on private and public securitized markets, and serves a diverse institutional client base including endowments, public retirement systems, and multi-employer union pension and health & welfare plans. The firm maintains a client-service-focused, collaborative, and entrepreneurial culture.
Key Responsibilities Scope of responsibilities will depend on experience and seniority.
Conduct credit, structural, and collateral analysis of real estate-related securitized products, including Agency RMBS/CMBS, private-label CMBS, GNMA construction-related MBS, REIT and other real-estate-backed debt instruments
Contribute to investment strategy, relative-value analysis, and sector positioning within a collaborative portfolio management framework
Participate in portfolio construction, risk management, and trade implementation across separate accounts and commingled funds
Monitor market developments, deal pipelines, and macroeconomic trends impacting real estate credit and securitized markets
Work closely with senior portfolio managers, traders, and analysts across asset classes
Gain exposure to additional fixed income sectors, including investment-grade and high-yield corporate credit, derivatives, real estate development finance, and mortgage-related structures
Minimum Qualifications
Bachelor’s degree in finance, economics, real estate, or a related field
5–10+ years of relevant experience, depending on level, in real estate credit, securitized products, or related fixed income markets
Demonstrated experience performing credit analysis and investment research on real-estate-backed debt or structured products
Strong quantitative, analytical, and written communication skills
Ability to operate effectively in a team-based, investment-driven environment
Preferred / Differentiating Experience
CFA charter, MBA, or Master’s degree in Real Estate or Finance
Experience with construction-related real estate development financing
Exposure to HUD lending programs, mortgage insurance, bridge financing, LIHTC/HTC, or other structured real estate credit
Buy-side experience working with institutional clients such as endowments, public pensions, or multi-employer union retirement plans
Featured Benefits & Compensation Highlights
Employer-funded SEP retirement plan with significant annual contributions
Competitive base compensation with annual incentive bonus
Long-term partnership opportunities at an employee-owned firm
Health and dental insurance
Collaborative, stable firm with a long-term investment orientation
This position is 100% in-office, based in the Scott’s Addition neighborhood of Richmond, Virginia. Candidates must be willing to relocate if not currently local.
Application Process Richmond Capital Management is an Equal Opportunity / ADA Employer.
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