Residential Loan Business Director

Overview

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.

• 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.

• 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

• 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.

People come first here. We’re committed to a diverse, equitable and inclusive workforce.…