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Job: Secondary Marketing Analyst

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Title Secondary Marketing Analyst
Categories Secondary
Salary 50k
Start Date 2018-09-04
State CA
Job Information

Assists with Secondary Marketing functions relating to the buying, hedging, selling and delivery of loans which includes but is not limited to entering data related to loans sales and purchases, initiating and tracking collateral movement, confirming buy and sell side pricing, communicating with internal as well as external customers, processing best effort and mandatory commitments, working with broker dealers and mandatory pricing desks at various investors, validating and maintaining internal pricing data, and working with the companies hedge firm to ensure accuracy for hedging and trading activity. Work independently, accurately, and efficiently to resolve any issues. Reports directly to the Director of Secondary Risk & Trading, and works closely with the all related internal and external departments, groups and vendors.

Adhere to all Federal and State laws and regulations governing the mortgage company, including the Bank Secrecy Act.

Essential Functions:

  • Daily Pricing
    • Manage rate sheet preparation and distribution
    • Monitor MBS market and execute price changes in compliance with company guidelines
    • Update pricing model as needed, and maintain archives and change log
    • Manage llpa changes and new products as they relate to the pricing and hedging models
  • Whole Loan Sales
    • Monitoring best effort locks and extending/cancelling as needed
    • Monitoring mandatory loan sales to various agencies and extending/cancelling as needed
    • Monitoring investor loan purchases on a daily basis, and updating internal systems as needed
  • Whole Loan Deliveries
    • Ensure committed loans are delivered accurately and timely to the appropriate agency
    • Initiate and track collateral movement and exceptions
  • Hedging / Trading
    • Daily reconciliation of new locks pricing and margins
    • Monitoring and reconciling G/L changes
    • Back up for daily position management and trading
    • PA reconciliation, research and reporting on variances
    • Ensure the hedging model is up to date with regard to llpa’s and pricing specials
  • Bulk / Mandatory Platform
    • Assist the Mortgage Trading Analyst with the mandatory pricing desk, filling in as a backup on the platform, which includes responding to bid requests in a timely manner, managing locks and updating all internal/external systems with accurate pricing data
    • Assist the Mortgage Trading Analyst while working with clients who are new to the platform, ensuring a smooth transition
  • Mortgage Analytics
    • Assist with special project that involve creating analytics around key metrics essential to proper hedge performance.
  • Prepare and monitor daily reports for management
  • Special projects as assigned

Desired Skills and Experience:

  • 2+ years relevant work experience in Capital Markets/Secondary Marketing required
  • Bachelor’s Degree in Mathematics, Economics, Engineering, or Computer Science
  • Prior experience in secondary or investor relations is preferred
  • Advanced Excel and Access skills required
  • VBA or programming experience is preferred but not required
  • Ability to analyze large data sets
  • Modeling experience a plus
  • Must have a high level of organizational and multi-tasking skills
  • Must have excellent interpersonal skills
  • Strong communication skills, both written and verbal
  • Ability to interact effectively with senior management, managers, employees
    and external partners
  • Must have the ability to work independently and be self-motivated
  • Ability to work accurately and efficiently under time pressure, including the
    ability to formulate solutions to non-routine problems
  • Ability to think critically, evaluate, problem solve and apply technical skills to find solutions
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