Counterparty Risk Analyst
Westlake Village, CA Westlake Village, CA $55,500 - $78,000 a year $55,500 - $78,000 a year PENNYMAC:
Pennymac (NYSE:
PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.
S.
mortgage loans and the management of investments related to the U.
S.
mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture.
Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical Day:
The Counterparty Risk Analyst is responsible for underwriting credit reviews for new Correspondent and Warehouse Lending clients and for the regular monitoring of approved clients.
The Counterparty Risk Analyst will:
Perform credit analysis of prospective and approved mortgage companies and financial institutions Review due diligence that includes analysis of delinquency reporting, policy and procedures, legal structure Complete comprehensive credit write ups for counterparty approval recommendation Monitor client performance on a monthly basis Recertify clients to ensure they meet the requirements to maintain approval status Complete VA renewal process for all sponsored counterparties Respond to internal and external partner requests and inquiries Draft contracts as needed Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization's desired culture and values What You'll Bring:
Ability to analyze financial statements and effectively prepare written analyses Working knowledge of mortgage company operating structures preferred Must be highly proficient in Excel and Word Must be highly organized and able to work in a fast paced, ever-changing, environment Financial Services and, if possible, mortgage industry experience preferred Why You Should Join:
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home.
Our vision is to be the most trusted partner for home.
Together, 4,000 Pennymac team members across the country are guided by our core values:
to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home:
Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered.
Some key benefits include:
Comprehensive Medical, Dental, and Vision Paid Time Off Programs including vacation, holidays, illness, and parental leave Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations) Retirement benefits, life insurance, 401k match, and tuition reimbursement Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships To learn more about our benefits visit:
https:
//pennymacnews.
page.
link/benefits Compensation:
Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary:
$55,500 - $78,000 Work Model:
HYBRID.
Estimated Salary: $20 to $28 per hour based on qualifications.
Pennymac (NYSE:
PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.
S.
mortgage loans and the management of investments related to the U.
S.
mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture.
Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
A Typical Day:
The Counterparty Risk Analyst is responsible for underwriting credit reviews for new Correspondent and Warehouse Lending clients and for the regular monitoring of approved clients.
The Counterparty Risk Analyst will:
Perform credit analysis of prospective and approved mortgage companies and financial institutions Review due diligence that includes analysis of delinquency reporting, policy and procedures, legal structure Complete comprehensive credit write ups for counterparty approval recommendation Monitor client performance on a monthly basis Recertify clients to ensure they meet the requirements to maintain approval status Complete VA renewal process for all sponsored counterparties Respond to internal and external partner requests and inquiries Draft contracts as needed Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization's desired culture and values What You'll Bring:
Ability to analyze financial statements and effectively prepare written analyses Working knowledge of mortgage company operating structures preferred Must be highly proficient in Excel and Word Must be highly organized and able to work in a fast paced, ever-changing, environment Financial Services and, if possible, mortgage industry experience preferred Why You Should Join:
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home.
Our vision is to be the most trusted partner for home.
Together, 4,000 Pennymac team members across the country are guided by our core values:
to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home:
Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered.
Some key benefits include:
Comprehensive Medical, Dental, and Vision Paid Time Off Programs including vacation, holidays, illness, and parental leave Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations) Retirement benefits, life insurance, 401k match, and tuition reimbursement Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships To learn more about our benefits visit:
https:
//pennymacnews.
page.
link/benefits Compensation:
Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary:
$55,500 - $78,000 Work Model:
HYBRID.
Estimated Salary: $20 to $28 per hour based on qualifications.
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