Pine River Capital Management

Post Acquisition Seller Reporting Analyst, Two Harbors

Job ID
2017-1891
# Positions
1
Experience (Years)
3
Category
Two Harbors - Operations

Overview

 Two Harbors Investment Corp.

 

Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT.  We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

 

Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.  Two Harbors trades on the NYSE under the ticker symbol “TWO”.

 

Pine River Capital Management

Pine River Capital Management is a global alternative investment firm focused on relative value trading across a wide range of markets, regions and asset classes. Founded in early 2002, the firm provides alternative investment solutions to qualified clients through commingled hedge funds, separate accounts, listed investment vehicles, and committed capital vehicles. Pine River is headquartered in Minnetonka, Minnesota, with offices in New York, London, and Hong Kong.

 

Position Description:

The Post-Acquisition Seller Reporting Analyst (PASR) will be accountable for the administration of lender obligations subsequent to the acquisition of mortgage servicing rights (MSR).   The incumbent will ensure the appropriate identification, reconciliation, and reporting of amounts owed to or from lenders on a monthly basis as a result of contractual obligations, including, but not limited to, early payoffs (EPO), early payment defaults (EPD), holdback, and repurchase demands.  The PASR Analyst will ultimately be accountable to generate invoices and laisse with Transaction Managers and Settlement Analysts to collect outstanding amounts.  The PASR Analyst will also be responsible for coordinating the putback of servicing assets and loans to lenders as a result of breaches in origination representation and warranties or other program exceptions.  This role also includes participating in the research and decision-making for a wide scope of mortgage loan servicing matters, general relationship management, and process improvement.

Responsibilities

The PASR Analyst will act as the subject matter expert and a general resource as it pertains to administering the PASR process, including:

  • Government Sponsored Entity (GSE) repurchase/putback administrationMonitor repurchase timelines and rebuttal/denial processing
    • Review and reconcile daily master servicer reports as it pertains to agency repurchase requests
    • Manage and oversee the repurchase funding, collateral transfer, beneficial transfer, and investor reporting processes
    • Maintain repurchase dashboard reporting to management
    • Develop and maintain key performance indicators (KPIs) on repurchase activity with respect to all counterparties
    • Drive automation and process improvement related to the mortgage loan repurchase and putback process
  • EPO/EPD/Holdback administration 
    • Prepare monthly calculation and reconciliation of contractual amounts owed
    • Serve as investor and seller point-of-contact throughout the mortgage loan repurchase and putback process
    • Work with Accounting and Finance Teams to establish monthly accruals for accounts payable and receivable
  • Invoicing
    • Determine appropriate amounts owed
    • Generate invoices and distribute to lenders
    • Reconcile open/closed invoices with Accounting Team
  • Implement process enhancements and business initiatives
  • Other duties as assigned

     

Qualifications

  • Under graduate degree in accounting, finance, or business administration;
  • Minimum 3-year of experience in a financial analysis, accounting, or reconciliation/reporting role;
  • Advanced proficiency in MS Excel, SQL, or other analytical tools and/or databases;
  • General mortgage origination/servicing experience is a plus, including knowledge of GSE requirements and regulations  (FNMA, FHLMC, HUD);
  • Knowledge of GSE repurchase/putback administration (including QAS and QCIM);
  • Ability to assess workload and workflow to prioritize functions to meet deadlines;
  • Strong written and verbal communication skills, with demonstrated ability to effectively communicate with internal and external customers, peers, and management;
  • Strong attention to detail and ability to handle multiple time sensitive tasks;
  • Demonstrates flexibility in responding to changes in assignment and job responsibility in a dynamic environment.

 

 

 

Submit Your Profile/Resume for This Job Opportunity

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed