Yield Specialist, Vice President
The Yield Specialist will be an integral part of the Finance team, primarily responsible for managing the company’s income recognition models and forecasts related to mortgage-backed securities and residential loans. This role will involve validating and analyzing cash flow projections, examining assumptions, and ensuring the accuracy of resulting yields. The specialist will also ensure that yield fluctuations are justifiable, with a clear rationale based on market trends and expectations. The ideal candidate will bring expertise in discounted cash flow models and have experience with market tools such as Polypaths, Bloomberg, and Intex.
Key Responsibilities:
Act as a subject matter expert in amortization forecasting, offering valuable insights and financial impact analysis to internal stakeholders.
Assist in the validation and documentation of monthly portfolio accounting data.
Mentor and guide junior team members, fostering a collaborative learning environment that encourages professional development and high-quality work.
Support a variety of business initiatives, ensuring adaptability and the timely completion of tasks.
Design, maintain, and improve validation workbooks to streamline and enhance ongoing processes.
Play a key role in maintaining robust internal controls and ensuring adherence to SOX compliance standards.
Contribute to system development efforts by participating in User Acceptance Testing (UAT) and documenting outcomes to ensure successful system deployments.
Build and nurture relationships with portfolio management, finance teams, senior leadership, and both internal and external auditors to promote effective communication and reporting.
Demonstrate accountability and proactive problem-solving to meet tight deadlines, balancing independent tasks with collaborative projects.
Education & Qualifications:
Bachelor’s degree in a relevant field.
A minimum of 5 years of experience in mortgage product valuations, middle office operations, or a comparable role within financial services or investment management.
Strong understanding of mortgage products and relevant market dynamics.
Advanced proficiency in MS Excel and foundational knowledge of SQL (preferred).
Ability to work with large data sets and multiple systems across the organization.
CFA or CPA certifications are a plus.