Portfolio & Investment Operations Manager

This is a fully remote position, open to applicants in Nevada, +2 more states.

📋 Description

• Monitor the performance of mortgage assets, encompassing origination trends, payoffs, delinquency, extensions, draws, and loss metrics across both warehouse and owned positions.

• Generate regular portfolio reports for internal teams and institutional stakeholders, in addition to aiding in board and investor reporting cycles.

• Keep an updated perspective on concentration limits, eligibility criteria, and covenant compliance throughout the portfolio.

• Develop and sustain portfolio dashboards and trackers that reflect performance, cash flows, and critical risk metrics.

• Oversee daily portfolio operations, which includes tracking delinquency and reconciling cash and collateral.

• Implement the portfolio's governing agreements into daily decision-making, addressing aspects such as expense sharing, decision rights, and waterfall mechanics.

• Facilitate forward flow and loan sale relationships, ensuring adherence to relevant purchase and forward flow agreements.

• Collaborate with Legal and Compliance on counterparty notifications, consents, and amendments as the portfolio develops.

• Supervise investment vehicle mechanics for joint ventures, including capital calls, distributions, and investor reporting cycles.

• Work alongside deal and transaction management, structuring, and compliance teams on new originations, securitizations, and portfolio sales.

• Partner with Finance and Accounting on cash reconciliation, fee distributions, and portfolio economics.

• Coordinate with Treasury regarding warehouse facility utilization and borrowing-base reporting for the portfolio.

⛳️ Requirements

• A minimum of 4 years of experience in portfolio or asset management, structured finance, or capital markets operations, with direct knowledge of residential transition loans (RTL)/bridge loans, HELOCs, RMBS, or warehouse-financed loan portfolios.

• Proficiency in interpreting and applying governing agreements, servicing agreements, and financing documents.

• Capability to read and utilize legal and transaction documents directly, rather than depending on summaries.

• Strong skills in Excel, SQL, Python, Tableau, and financial modeling, with the ability to create and maintain portfolio tracking and reporting tools.

• Exceptional written communication skills for reporting to various counterparties.

• Keen attention to detail and the ability to verify claims against source documents instead of relying on assumptions.

• Experience with fund or investment vehicle administration, including capital calls, distributions, and investor reporting cycles (preferred).

• Familiarity with NAV attribution and valuation processes for asset-backed credit portfolios (preferred).

• Strong investment and credit analysis skills, with the ability to evaluate asset performance trends and identify emerging risks (preferred).

• Capacity to excel in a fast-paced startup environment.

• Compliance with all company security policies and data handling procedures is essential.

• Completion of mandatory security awareness training within required timeframes is required.

• Immediate reporting of any suspected security incidents or suspicious activities to the Security team is expected.

• Must verify identity and eligibility for employment in the United States.

• The company will not sponsor work visas for this position.

🏝️ Benefits

• Target annual bonus of 25%, disbursed quarterly.

• Company equity offered in the form of RSUs.

• Comprehensive medical, dental, and vision insurance, with 100% of premiums covered by the employer for employees and their dependents on select plans.

• Access to company-sponsored HSA, FSA, Dependent Care FSA, 401(k), and commuter benefits.

• Employer-paid life and disability insurance.

• 11 observed holidays along with a PTO plan.

• Up to 12 weeks of paid family leave.

• Reimbursement for continuing education expenses.