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Residential Whole Loan Business Director
Residential Whole Loan Business DirectorPacific Life • Newport Coast, CA, US
Residential Whole Loan Business Director

Residential Whole Loan Business Director

Pacific Life • Newport Coast, CA, US
26 days ago
Job type
  • Full-time
Job description

Residential Whole Loan Business Director

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead our policyholders count on us to be there when it matters most. It's a big ask, but it's one that we have the power to deliver when we work together. We collaborate and innovate pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it's the right thing to do. Pacific Life is more than a job, it's a career with purpose. It's a career where you have the support, balance, and resources to make a positive impact on the future including your own. We're actively seeking a talented Residential Whole Loan Business Director to join our Residential Mortgage Loan Investments team in Newport Beach, CA. As a Residential Whole Loan Business Director, you'll move Pacific Life, and your career, forward by partnering with Head of Residential Mortgage Loan Investments and be a key contributor to the ongoing growth of our 3rd party residential mandates. You will fill a new role that sits on a team of 3 people in the Investments division.

How you'll help move us forward :

  • Take a key advisory role on the management and strategic positioning of residential whole loans on the balance sheet.
  • Actively contribute to strategic and tactical asset allocation and risk management, including generating and evaluating new strategies and trade ideas across all residential risk categories.
  • Develop a deep understanding of the full Real Estate platform to identify creative and multifaceted solutions to support the growth of the residential whole loan business.
  • Incorporate understanding of how residential strategies best complement the needs of each portfolio liability segment.
  • Build models and tools for analyzing and optimizing sector allocation, relative value, yield, capital efficiency, and risk across residential real estate mortgage portfolios and strategies.
  • Lead efforts in stress testing, loss modeling, and portfolio level analytics to contribute to strategic investment decisions and risk management frameworks.
  • Manage the due diligence and monitoring of external investment managers, including evaluating new managers for potential mandates across the residential credit spectrum.
  • Partner with dedicated quant and IT teams on analytical tools, data management and asset allocation framework to aid in decision making and portfolio positioning.
  • Focus on continuous improvement of investment data management, processes and systems.
  • Provide support for weekly, monthly, and quarterly portfolio monitoring processes ensuring compliance with applicable guidelines.

The experience you bring :

  • 7-10+ years of relevant experience in residential mortgage credit analysis, asset / portfolio management, risk pricing and asset allocation.
  • Extensive understanding of financial markets, primarily fixed income and residential loans; insurance asset management.
  • Strong knowledge of residential loan markets, loan types, borrower underwriting and performance drivers.
  • Hands-on experience with loan-level modeling, including design and calibration of credit risk models.
  • Demonstrated investment research, judgment, and track record across multiple relevant asset classes.
  • Understanding of asset allocation, risk management, and performance attribution for residential loans and loan-backed bonds.
  • Excellent interpersonal, presentation, written, and verbal communications skills with ability to communicate professionally at all levels of the organization, as well as externally with third party asset managers.
  • Strong empirical and analytical skills, including familiarity with manager and portfolio analytical evaluation.
  • Bachelor's degree in Finance, Economics, Mathematics, or related field; advanced degree preferred.
  • What makes you stand out :

  • Direct experience within the residential mortgage market (RMBS, whole loan trading, capital markets, portfolio management)
  • Applied experience and knowledge of risk analysis tools, systems and models.
  • Knowledge of CECL modeling; stress testing, loss forecasting and RMBS securitization analytics a plus.
  • You can be who you are. People come first here. We're committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What's life like at Pacific Life? Visit Instagram.com / lifeatpacificlife.

    Base Pay Range : The base pay range noted represents the company's good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

    $180,180.00 - $220,220.00

    Your Benefits Start Day 1

    Your wellbeing is important to Pacific Life, and we're committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we've got you covered.

  • Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents
  • Generous paid time off options including : Paid Time Off, Holiday Schedules, and Financial Planning Time Off
  • Paid Parental Leave as well as an Adoption Assistance Program
  • Competitive 401k savings plan with company match and an additional contribution regardless of participation
  • EEO Statement : Pacific Life Insurance Company is an Equal Opportunity / Affirmative Action Employer, M / F / D / V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.

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    Director Residential • Newport Coast, CA, US

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