Asset Based Finance Resi Vice President
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 Investing Vice President role based in New York. As a Vice President on the Asset Based Finance team, you will be responsible for analyzing, underwriting, executing, and managing structured finance transactions across asset classes.
Core Responsibilities
- Managing deal process from sourcing to post-close, including originating transactions, constructing economic terms, and negotiating with counterparties
- Evaluating investment opportunities across Non-QM / DSCR, 2nd Liens / HELOCs, Investor, MSR, Bridge, Manufactured Housing, and other residential asset classes
- Modeling cash flows and structures for whole loans, securitizations, equity in warehouses, senior / mezzanine warehouse lending, and other private residential investment forms
- Preparing and presenting due diligence materials, screenings, and investment committee memos
- Ongoing monitoring of portfolio performance and quarterly valuation of investments
What We Value
- Highly motivated, entrepreneurial, and team-oriented candidates
- Commercial and results orientation
- High trust and integrity
- Strategic/entrepreneurial mindset
- Strong combination of organizational and interpersonal/communication skills
Preferred
- 5+ years of proven relevant investing experience within an Asset Backed Finance group at an asset manager, insurance company, hedge fund, or other investment office
- Familiarity with residential asset classes
- Experience underwriting, structuring, and reviewing mortgage-backed securitizations, credit facilities, loan purchases, and other relevant transactions
- Experience and comfort negotiating legal documents for various mortgage-backed transaction structures
- Superior valuation, modeling, and Excel skills evaluating financial assets
- Strong accounting, finance, modeling, and problem-solving skills
- Well versed utilizing systems such as Excel, PowerPoint, CAS, Intex, and others
- Self-starter who requires little direction
- Ability to multi-task and maintain composure in a high-volume environment
- Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
- Strong verbal and written communication skills and ability to interact with internal and external stakeholders at various levels
- Structured problem solver who is able to synthesize sophisticated information from a variety of sources into implementable recommendations and solutions
- Ability to collaborate effectively across multiple teams
- Strong prioritization and project management skills
- Comfort working in a high growth, iterative environment
Compensation
The base salary for this position is expected to be between $200,000 and $225,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion.
In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval.
If a job offer is extended for a location other than New York, the salary range may differ based on the location.
About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth.
Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.
We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world.
We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.
For more information, visit the Sixth Street Careers site or follow us on LinkedIn.
Sixth Street is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran or military status, disability, genetic predisposition, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.
Pursuant to the San Francisco Fair Chance Ordinance, Sixth Street will consider for employment qualified applicants with arrest and conviction records.
If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara.
Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).
If you are not eligible for this role, please refer to our Careers Page for other opportunities.