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New Origination Trader - Analyst

New York, NYHybridFull TimeEntry-level (exp-based)$115,000–$150,000 /yrPosted 1 month ago

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Required skills

  • Project leader
  • Senior level team members
  • Reporting
  • Multi-task

Nice to have

  • Progress towards CFA designation
  • Direct exposure to mortgages
  • Pricing models
  • Third-party pricing applications

Role summary

Pretium, a specialized investment firm in U.S. residential real estate and credit, seeks an Analyst for its Residential Credit team. Reporting to the Head of New Origination Loan Trading, this role involves learning and managing residential credit strategies, interacting with sell-side institutions and internal operating companies, and overseeing trade lifecycles. The Analyst will develop tools and processes to enhance throughput and reporting, and apply computational methods to optimize trading, financing, and securitization. Responsibilities include analyzing performance metrics and explaining business results. The position requires 1-3 years of relevant experience, strong analytical skills, and the ability to lead projects and communicate complex strategies effectively.

Position/Title: Analyst - New Origination Trader, Residential Credit

Pretium

Pretium is a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit. Pretium was founded in 2012 to capitalize on investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets, and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium’s platform has more than $70 billion of assets, comprising real estate investments across nearly 90 markets in the U.S., and employs approximately 7,000 people across 50 offices, including its New York headquarters, Miami, London, Seoul, and Sydney.

Position

We are seeking an Analyst to join the Residential Credit team. This position will report to the Head of New Origination Loan Trading and is based in the Firm’s New York or Charlotte office.

Key Responsibilities

  • Learn the business of acquiring, managing, and funding residential credit strategies
  • Daily interaction with sell side institutions as well as Pretium operating companies providing Pretium sourcing, underwriting, and advisory services
  • Oversee transactions as they progress through the typical trade life cycle
  • Develop or design tools and processes to increase transactional throughput as well as streamline both internal and external reporting
  • Apply computational methods to optimize trading, financing, and securitization strategies
  • Analyze earnings, exposure, and mark to market to explain and report business performance
  • Requirements

  • Undergraduate degree in finance, economics or related field of study; progress towards CFA designation a plus
  • Minimum 1 - 3 years of relevant experience
  • Recognize how to articulate complex business strategies, problems, and solutions to an audience with extremely diverse skillsets and degrees of sophistication
  • Prior experience directly facing the street in a trading and/or underwriting role
  • Ability to function as a project leader
  • Comfort with daily interaction with senior level team members and providing direction to senior support staff
  • Strong analytics and experience with reporting and integrating various models and data
  • Attention to detail, time management, and organizational skills are required
  • Ability to multi-task
  • Familiarity and knowledge of fixed income products, direct exposure to mortgages is preferred.
  • Experience utilizing pricing models and third-party pricing applications (Bloomberg, Intex, YieldBook, etc.)
  • What We Offer

    This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment. The company offers a comprehensive benefits and perks package, including:

  • Employer-paid health, dental, vision and life insurance
  • 401(k) plan with an employer match
  • 20 annual days of Paid Time Off (PTO) plus 12 Firm holidays
  • Hybrid office/work from home arrangement (in office minimum of four days per week)
  • Annual base salary range for this role is expected to be between $115,000 - $150,000
  • The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
  • Annual year-end bonus eligible
  • Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.

    Please see the firm’s policy regarding how it collects and processes your personal information.

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