Selene Holdings is a multiple-lines business financial services firm with a mortgage servicing company, a loan diligence company, a title company, an insurance brokerage, and a real estate owned company. We have office locations in Dallas, TX, Jacksonville, FL, and Salt Lake City, UT. Founded in 2007 to address needs in the mortgage industry, Selene strives to provide amazing client and borrower experiences. A positive attitude coupled with proven creative thinking and actions are all attributes we seek in every one of our employees. If you want to make a difference, then Selene is the place for you!
Selene & Pretium
Selene Finance, LP (“Selene”) is a residential mortgage company with expertise in all aspects of mortgage loan servicing. Most notably Selene is a special servicer providing creative loan resolution strategies designed to preserve homeownership; keeping borrowers in their homes is the primary objective. This is accomplished through execution of various loss mitigation strategies, including, where feasible, converting to re-performing loans through loan modifications.
Selene’s parent company, Pretium, is a specialized alternative investment management firm focused on U.S. residential real estate, residential credit, and corporate credit with more than $50 billion of assets under management. Pretium was founded in 2012 to capitalize on secular 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 and structured credit markets, and believes that its insight and experience within these markets give the Firm its strategic advantage.
Position
Selene is seeking a qualified candidate for the Associate, Operations role, working exclusively on certain Pretium Residential Credit (“Resi-Credit”) and Real Estate Debt (“RE Debt”) (collectively, “RE Credit”) strategies. RE Credit’s primary objective is to opportunistically invest in mortgage and real estate-related assets, including non-performing, re-performing, sub-performing, mortgage servicing rights (“MSRs”), residential transition mortgage loans (“RTL”), homebuilder loans, REOs, and multifamily.
Reporting to the Head of Operations, the successful candidate will manage and/or assist with various operational functions, including, but not limited to, new mortgage pool settlements and financing activity, monthly administration of financing facilities, tracking and databasing all settlement and financing activity. This position will work closely with the fund controllers as well as all financing counterparties. The ideal candidate will be familiar with the various activities noted above, have a strong attention to detail/organizational skills, and be able to work with large, complex datasets. The candidate must be inquisitive, a self-starter, and be comfortable operating in a dynamic, fast paced, and entrepreneurial environment.
This position will provide exposure to many different areas of the business, including close interaction with the trading desk, multiple third-party servicers, and financing partners.
Key Responsibilities
Primary settlement contact on all deals
Mortgage pool closings/repurchase agreements
Securitizations
EBO repoolings
Wire setup
Assist with new account setups
Know-your-client requests
Document requests
Conduct the monthly financing rolls for the Pretium residential credit funds
Whole loans
Securities
Swaps
Securitization tie outs
MSRs
Load all information into the internal SQL database
Provide the fund administrator/fund accounting with supporting schedules for trial balance tie-out
Requirements:
Bachelor's degree in accounting/finance, or equivalent business experience
Experience: 3-5 years
Self-starter comfortable operating in a dynamic, entrepreneurial environment with evolving roles and responsibilities
Strong attention to detail
Effective verbal and written communication skills
Strong preference will be given to candidates with relevant residential mortgage loan / REO accounting and operations experience
Preference will be given to candidates with SQL knowledge
Preference will be given to candidates with fixed income product experience and settlements with DTCC
Microsoft Office (particularly strong in Microsoft Excel)
Benefits
Selene Finance LP is committed to the total wellbeing of its employees and therefore offers one of the best benefits packages available in the industry today, which includes:
Paid Time Off (PTO)
Medical, Dental &Vision
Employee Assistance Program
Flexible Spending Account
Health Savings Account
Paid Holidays
Company paid Life Insurance
Matching 401(k) Plan
The job requirements listed above are representative of the knowledge, skills, and/or abilities required. This job description is not an inclusive list of all duties and responsibilities of this position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Selene reserves the right to amend and change responsibilities to meet business and organizational needs.