What are the responsibilities and job description for the Analyst, MSR Generalist position at Bayview Asset Management?
Overview:
The corporate headquarters is uniquely situated in the beautiful community of Coral Gables, Florida, located near the shores of Biscayne Bay and minutes from Miami Beach. The firm has additional asset management offices in New York, London, and Geneva, and loan servicing and origination affiliates in seven U.S. states and Milan, Italy. As of May 31, 2024, Bayview managed approximately $19.1 billion in assets under management.
About MSR Portfolio Management
MSRs are essentially interest-only (IO) cash flow strips on underlying pools of mortgages. Like IOs on any other callable bond, MSRs are susceptible to prepayment and credit risk. Yet it is so much more than that – the MSR owner is entitled to many different income and expense cash flows. On a single MSR asset, we model and monitor over 60 types of cash flows.
POSITION SUMMARY:
ESSENTIAL DUTIES AND RESPONSIBILITIES:
PHYSICAL DEMANDS and WORK ENVIRONMENT
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
About Bayview Asset Management, LLC
Bayview Asset Management, LLC (“Bayview”), initially founded in 1993, is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset backed securities, mortgage servicing rights, and other credit-related assets.
The corporate headquarters is uniquely situated in the beautiful community of Coral Gables, Florida, located near the shores of Biscayne Bay and minutes from Miami Beach. The firm has additional asset management offices in New York, London, and Geneva, and loan servicing and origination affiliates in seven U.S. states and Milan, Italy. As of May 31, 2024, Bayview managed approximately $19.1 billion in assets under management.
About MSR Portfolio Management
The Bayview Mortgage Servicing Rights (“MSR”) Fund along with its wholly owned subsidiary Lakeview Loan Servicing (“Lakeview”) is the largest of Bayview’s funds. Lakeview is the top servicer of agency MSRs in the United States, and actively sources new MSRs across its origination platform and bulk and co-issue MSR businesses.
MSRs are essentially interest-only (IO) cash flow strips on underlying pools of mortgages. Like IOs on any other callable bond, MSRs are susceptible to prepayment and credit risk. Yet it is so much more than that – the MSR owner is entitled to many different income and expense cash flows. On a single MSR asset, we model and monitor over 60 types of cash flows.
POSITION SUMMARY:
We are seeking a Analyst who will be responsible for providing high-quality analytics to support MSR bidding, hedging and portfolio management. The Financial Analyst will have the opportunity to gain exposure to various functions of mortgage industry, collaborate with different departments inside Bayview and contribute to important investment decisions in a quantitative strategy. The ideal candidate will be highly analytical with strong computer skills and a desire to learn and grow within the MSR Portfolio Management team.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Responsibilities include, but are not limited to:
- Preparing in-depth analytics for bidding and hedging processes;
- Conducting independent research and analysis using cash flow modeling, regression techniques, and other applicable quantitative and qualitative methods;
- Contributing to the automation initiatives of MSR Portfolio Management team;
- Maintaining existing high-quality reporting suites as well as designing new ones as needed;
SKILLS/KNOWLEDGE/ABILITIES:
- Experience with SQL, Tableau, Python preferred.
- Advanced Excel knowledge
- Great attention to detail and the ability to meet strict deadlines
- Ability to multi-task in a fast-paced environment
- Strong verbal and written communication skills
- Exceptional analytical, problem-solving, and strategic thinking skills
EDUCATION and EXPERIENCE:
- Bachelor or advanced degree in Finance/Math/Business Analytics or a related quantitative field.
- 0-3 years’ work experience.
CERTIFICATIONS, LICENSES, and/or REGISTRATION
- No minimum requirements.
LOCATION:
- This is an onsite position based in our Coral Gables, FL office. We have existing team members based in this location.
PHYSICAL DEMANDS and WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
