Looking for a new role as a Cerberus Capital Management in New York, NY? This Full-time position is perfect for professionals in the Financial Services and Real Estate sector. Gain hands-on experience in the Strategy/Planning department, where you’ll be at the forefront of exciting projects and innovation.
Why This Job Is Great for You:
- Employee Rating: Rated /5 by employees — get a sense of the company culture!
- Job Level: This role is ideal for professionals at the Executive Level Job.
- Posted: Posted 2 hours ago, this role is still accepting applications. Act fast and apply today!
This opportunity offers valuable experience in the Strategy/Planning department and will help you advance your career in the dynamic world of Financial Services and Real Estate.
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“Cerberus Capital Management” Company Job Details
- Company Name: Cerberus Capital Management
- Work Type: Full-time
- Rating: / 5
- Location: New York, NY
- Industry: Financial Services and Real Estate
- Department: Strategy/Planning
- Experience Level: Executive
- Job Creation Duration: 2 hours ago
Job Details of Senior Vice President/ Managing Director
*This is position is posted on behalf of one of our portfolio companies
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 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 and develop relationships with insurance companies to understand their investment needs with a focus on optimizing capital treatment and statutory book yield.
- Structure investment products (e.g., rated notes) that are capital efficient under NAIC and RBC frameworks.
- Pitch investment instruments such as structured credit, private placements, or other rated assets.
- Act as a bridge between the structuring team and institutional investors.
- Understand regulatory capital frameworks, tax structures, and statutory accounting (e.g., NAIC, RBC, SAP) and how these impact investment structuring and balance sheet treatment for insurers.
- Analyze historical performance data and collateral characteristics.
- Research and present new asset class investment opportunities.
- Discover new sources of collateral.
- Conduct analysis on new residential opportunities in the U.S. & Europe.
- Collaborate with U.S. and European team members in all aspects of managing loan acquisition opportunities, securitization execution, and portfolio performance.
- Review term sheets and prospectus of comparable deals and prepare summaries.
- Work with internal and external diligence, legal, compliance, and contract finance teams to identify areas of concern and potential solutions.
- Create insightful reports with detailed analysis to be used in making business and investment decisions.
- Leverage prior experience and in-house resources to research new structured product classes.
Qualifications
- 10+ years’ experience in the financial services industry. In-house insurance company experience preferred. Seeking insurance product specialist with experience structuring investments for insurance balance sheets or working with insurance CIOs.
- Pre-existing relationships to develop new sourcing opportunities.
- Excellent interpersonal skills, with the ability to interact successfully with diverse levels of management, operational staff, counterparties, and outside vendors.
- Ability to demonstrate high quality decision making with keen problem-solving ability in a timely manner.
- Strong leadership, communication, and organizational skills.
- High level of commitment, strong work ethic, and positive attitude.
- Bachelor’s Degree in relevant field.
Compensation
The base salary for this position is expected to be between $250,000 and $350,000. 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 base salary, this position is eligible for an annual discretionary bonus, which is often a meaningful portion of the compensation package, and a comprehensive benefits package.