Sixth Street

Asset Based Finance Asset Management Vice President

New York or DallasFull timeVp$200,000 / yearPosted 21 days ago
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About Sixth Street Asset Based Finance Sixth Street, a leading global investment firm dedicated to developing innovative investment strategies and fostering growth across various stages of business, is seeking a Vice President for its market-leading Asset Based Finance team. The Sixth Street Asset Based Finance group is at the forefront of asset/platform investing and origination, working across diverse financial markets, including residential and commercial mortgages, consumer assets, commercial equipment, renewables and energy finance, infrastructure debt and transportation. The Asset Based Finance team is a critical strategic capital partner and investor to companies and management teams and a solutions provider at scale.  The Role This is a full-time Asset Management Vice President role based in New York, NY or Dallas, TX.  This role will specialize in residential whole loan asset management for the Asset Based Finance team and report to the Head of ABF Asset Management.  While primarily focused on residential whole loans, the role is expected to grow into asset management across several platform verticals, including consumer, commercial and other esoteric assets. Core Responsibilities Understand and take an ownership view of the assets/positions, markets and business plans for each investment Carefully monitor positions, reviewing borrower/partner reporting and flagging key issues Serve as the main point of contact for operating partners/borrowers/service providers for day-to-day asset management Actively participate in standing calls with partners/borrowers for each investment/position Perform ad hoc analysis for key asset management decisions (loss mitigation approvals and negotiations, foreclosures, REO repair and disposition) Drive and coordinate internal operations processes (database and infrastructure management, cash reconciliation, monthly portfolio valuations, data drift and ad-hoc analytics) Drive quarterly firmwide processes – Valuation Committee, Portfolio Review, etc. (senior asset management and deal team members to review and approve valuations/materials) Assist with setting up key asset management processes at the front end of new investments/originations What We Value Highly motivated, entrepreneurial, and team-oriented candidates Strong finance and modeling skills, ideally within the residential whole loan space Deep knowledge of residential whole loans and securitized debt Commercial and results orientation Team orientation and influencing skills High trust and integrity Strategic and entrepreneurial mindset Strong combination of organizational and interpersonal/communication skills Preferred At least 5 years of proven experience originating/investing in and/or asset managing residential whole loans Strong knowledge of residential mortgages, securitized debt, industry and macroeconomic conditions, as well as key drivers and fundamentals in residential mortgages Ability to perform analysis, frame-up compl...