What are the responsibilities and job description for the AVP, Resi Loan Insurance Finance & Accounting position at Bayview Asset Management?
Job Description
Overview
POSITION SUMMARY
Bayview Asset Management is seeking to hire an Assistant Vice President of Insurance Finance who will be specifically dedicated to supporting the Insurance Asset Management (IAM) business. We are seeking a highly motivated professional to join our dynamic finance team. Working with the Insurance Finance team, this individual will help perform key tasks related to overseeing the accounting and finance operations of IAM’s first investment partnership and several separately managed accounts. Strong communication skills are key as this role will be interfacing and liaising with senior IAM leaders, Insurance clients and our third-party service providers. This individual will also be responsible for producing monthly investment reports for Insurance clients and the portfolio management team which will require collaboration with other teams within finance and across the business. The ideal candidate will have reporting / accounting experience in the asset management / insurance industry, strong time management skills, a proactive approach to problem solving and an eagerness to learn.
RESPONSIBILITIES
The following job functions are not all-inclusive. The employee will be required to perform other job-related tasks / responsibilities as requested. Job duties may change as required by the needs of the company.
- Prepare attribution reporting and calculate performance metrics, working closely with the IAM portfolio management team to review and investigate differences.
- Work with VP of Insurance Finance and senior business development / client service leaders to produce investment reporting for clients.
- Perform portfolio analytics, including analysis of balance sheet and income statement accounts for reasonableness and provide commentary for variances.
- Prepare quarterly management fee calculations for the Investment Partnership and separately managed accounts.
- Manage SMA capital call process and oversee funding and settlement of loans.
- Review monthly SMA Trust Payment reports and waterfall payments.
- Oversee the daily / monthly delivery of trade files, loan tapes and other required data to our clients and contribute towards driving quality control / automation over preparation process.
- Manage all aspects of the accounting process, working with our third-party service providers to ensure the completeness and accuracy of our ledgers.
- Oversee counterparty and administrator cash and position reconciliations, working with third-party service providers and loan operations team to resolve differences.
- Oversee the preparation of accounting packages to support monthly review of Trust and Fund NAVs.
- Oversee the payment of invoices related to the IAM platform. Ensure investment expenses are communicated to third-party service providers for proper recording in the accounting ledgers.
- Review allocation of net income, capital calls, and distributions for the Investment Partnership.
- Work with internal teams and services providers to assist with onboarding accounting / operations for new accounts.
- Assist with special projects and presentations.
SKILLS / KNOWLEDGE / ABILITIES
EDUCATION and EXPERIENCE
CERTIFICATIONS, LICENSES, and / or REGISTRATION
LOCATION and COMPENSATION
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.
Salary : $170,000 - $200,000
