Company Background
FirstKey Mortgage, LLC ("FKM") is one of the world’s leading private label securitization and asset management firms. We are a boutique financial services company with a primary focus on the buying and securitizing of residential mortgage and consumer loans. Since inception, FKM has excelled in supporting loan acquisitions, securitizing, and managing real estate and other related assets in the U.S. and Europe.
Established in 2013, FKM is a portfolio company of Cerberus Capital Management, and the Global Structured Finance (GSF) group has participated on over $80+ billion rated securitization transactions across 85 bespoke ABS/MBS deals globally.
FKM employs approximately 45 mortgage banking professionals and is headquartered at 900 Third Avenue in midtown Manhattan. Our officers and directors have an average of 20+ years industry experience.
FKM strives for business excellence and superior execution with the following critical functions:
- Managing the loan bidding processes which includes data mapping and ingestion, loan payment history analysis and detailed communication with multiple counterparties.
- Efficient loan document review using machine learning and optical character recognition.
- Vetting of loans for any issues with lending laws, taxes, or underlying collateral value.
- Payment collection, surveillance, and loss mitigation once the loan is purchased.
- Securitization of loans into bonds and marketing these assets to institutional investors.
Job Description and Responsibilities
Work with senior FKM team members on ABS/MBS new issue deal execution and financial modeling – the position is on the GSF team. Responsibilities include:
- Support senior team members with the collateral tie-out, and cash flow modeling (structuring) for residential mortgage loans and consumer debt products
- Liaise with external rating agencies, investment banks and legal counsel on the transactions
- Prepare both internal and external investment presentations, structure term sheets
- Support senior team members in answering investor, servicing and/or rating inquiries during the new issue syndicate process
- Plan and assist with the due diligence process
- Travel alongside senior colleagues to review assets or meet with investors
- Tracking of post-closing deal performance and analyzing how collections impact the overall portfolio
- Researching credit profiles, investment strategies and operating methodologies
- Other such duties, responsibilities and authority as may be reasonably required
Qualifications
- Bachelor’s Degree - finance or economics preferred.
- Minimum of 1-3 years’ experience, ideally in investment banking, structured finance, or knowledge of ABS/MBS with an understanding of these products and the securitization process
- Proficient in Excel, and experience with Intex Dealmaker ideal.
- Ability to work collaboratively across various teams
- Clear communication skills, strong writing and interpersonal skills and outstanding work ethic
- Must be proactive and demonstrate ownership and initiative taking
- Ability to multi-task, good organizational and time management capabilities
Compensation
- The base salary for this position is expected to be between $125,000 and $150,000 annually. The base salary offered to the chosen candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by FKM in its sole discretion. In addition to the base salary, this position is eligible for an annual discretionary bonus and a robust benefits package.