vp, residential whole loan portfolio manager - New York State, United States - Bayview Asset Management

Description

Bayview Asset Management is seeking to hire an experienced investment professional to serve as a Residential Whole Loan Portfolio Manager within its newly established Insurance Asset Management business. Partnering with senior business and investment leaders across Bayview, the successful candidate will be a critical component of developing and scaling Bayviews footprint with Insurance clients.

The incoming Portfolio Manager will leverage their deep knowledge of insurance company investment needs, risk appetite, and residential whole loan investments to understand and achieve client objectives. This is an exciting and unique opportunity to bring deep expertise to a new business within Bayview, as well as play a key role in driving business growth and cementing future success. T he salary range for this role is $250,000 to $350,000 plus incentive compensation in the form of discretionary bonus and deferred; however, Bayview considers several factors when extending an offer, including but not limited to, the role and associated responsibilities, a candidates work experience, education/training, location and key skills. Person will also be eligible for excellent benefits.

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 needs of company.

• Work directly with existing and prospective insurance company clients to understand investment objectives and risk appetite.
• Develop and implement insurance-specific strategic and tactical asset allocation, utilizing Bayview investment products and market positioning within the Residential Whole Loan space to effectively match investment opportunities with client objectives.
• Identify, develop, and cultivate relationships with third-party clients, providing market insights and excellent client service.
• Collaborate with senior-level investment and company leadership to develop and execute strategic priorities for key relationships, as well as the overall Insurance Asset Management business.

• Established experience in insurance portfolio management
• Deep knowledge of public and private fixed income instruments, particularly Residential Whole Loans (Agency NOO & Second Home, Prime & Near Prime Jumbo, Non-QM & Long-term RPL, etc.)
• Strong understanding of insurance company regulations across various regimes; statutory and GAAP insurance investment accounting, risk management frameworks, etc.
• Asset-liability management experience in an insurance company environment; ability to identify investment opportunities tailored to investor liabilities, convexity and credit risk tolerance as well as FHLB requirements
• Knowledge of formulating and implementing insurance-specific strategic and tactical asset allocation
• Strong relationship management focus, with established track record of developing relationships with prospective and existing clients.
• Strong written and verbal communication skills with internal and external stakeholders; strong executive presence
• High attention-to-detail, time management, and organizational skills
• Ability to collaborate and thrive in a team environment; desire to contribute to team management and development as the business scales.

EDUCATION and EXPERIENCE :

• Minimum of 7-10 years of experience in investment management, with a focus on managing insurance portfolios
• Undergraduate degree or higher; MBA and/or CFA preferred.

Compensation and location:

• This role will be based in Bayviews Morristown, NJ office
• Base compensation is expected to be $250-350k, with opportunity for incentive compensation including bonus and deferred compensation

Certifications, Licenses, and/or Registration

• N/A.

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 Asset Management 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.