Assistant Manager, Secondary Marketing & Pricing

Redwood Credit Union is seeking an Assistant Manager, Secondary Marketing & Pricing who will plan, supervise, administer, and manage day-to-day activities and functions of Secondary Market team within the Finance department. Manage various analytic and reporting deliverables for Senior Management and Executives. Participate in the development and maintenance of a Data Management and Business Intelligence Reporting system. This position provides support to the Finance Manager and work closely with the SVP/Accounting & Finance, Chief Financial Officer, and other members of the Executive and Senior Leadership Teams.

 

The secondary market is the financial market in which residential mortgages and mortgage-related securities are bought and sold. The secondary market provides lenders with liquidity to fund mortgage originations, and the means to manage interest rate risk and credit risk by removing loans from their balance sheet through the sales of those loans into the secondary market.

 

o Direct loan sale activities with external parties.
o Develop and enhance pricing models and monitors secondary markets for changes that impact daily pricing positions.
o Review and approve rate lock escalations/off sheet pricing approval.
o Manage and organize locked loan pipeline.
o Oversee loan delivery activities.
o Participate in loan rate recommendations and daily LOS rate updates.
o Manage relationships with external parties, including Fannie Mae, and other investors for both conforming and non-conforming mortgages, as well as SBA loan products.
o Coordinate efforts with Mortgage Lending, Marketing, Accounting, and other internal departments.
o Oversee data preparation and leadership for the Fannie Mae and other related audits.
o Support the data preparation and submission process for the NCUA 5300 Call Report and the FHLB Collateral Pledge.

o Oversee financial analysis related to loan sale profitability and other financial sensitivities associated with buy vs. sell decisioning.
o Manage reporting on secondary market and other functions for internal and external parties.

o Manage department’s role in development and on-going maintenance of a data management system.

o Support interest rate risk management through secondary market activities, reporting, and modeling.

o Delegate, coordinate, and review work of secondary marketing team members to ensure quality and timely work.
o Evaluate, design, and implement operationally effective processes.
o Responsible for performance management of respective team members.
o Interview applicants and make hiring recommendations.

o Perform other related duties as required.
o Participate in community and RCU sponsored events.

 

 

 

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.

 

As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all.