Asset Based Finance Asset Management Vice President
Sixth Street · New York, NY
- On site
- Full-time
- $200,000 / year
- New York, NY
Job highlights
- Manage residential whole loan assets.
- Monitor positions and partner reporting.
- Liaise with operating partners and service providers.
- Analyze asset management decisions and operations.
- Drive firmwide portfolio review processes.
About the role
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 Qualifications
- 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 complex scenarios and provide clear and substantive recommendations.
- Strong technical skills with experience in database management and big data analytics using languages such as SQL or Python.
- Strong proficiency in Excel, with Tableau and Intex experience as a plus.
- Outstanding initiative and comfort being a self-starter.
- 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 abilities.
- Structured problem solver who is able to synthesize complex 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 $200,000. 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.
Key skills/competency
- Asset Management
- Residential Whole Loans
- Financial Modeling
- Securitized Debt
- SQL
- Python
- Excel
- Tableau
- Intex
- Portfolio Valuation
Skills & topics
- Asset Management
- Vice President
- Finance
- Residential Whole Loans
- Securitized Debt
- SQL
- Python
- Excel
- Portfolio Valuation
- Investment Firm
How to get hired
- Tailor your resume: Highlight experience in residential whole loan asset management, finance, and modeling. Quantify achievements to demonstrate impact.
- Showcase technical skills: Emphasize proficiency in SQL, Python, Excel, and any experience with Tableau or Intex.
- Demonstrate strategic thinking: Prepare examples of complex problem-solving and how you've driven processes or decisions.
- Research Sixth Street's culture: Understand their values of innovation, collaboration, and integrity. Align your application and interview responses accordingly.
- Network and inquire: Connect with individuals at Sixth Street on LinkedIn and express your interest. For specific questions, consider reaching out to the hiring manager.
Technical preparation
Behavioral questions
Frequently asked questions
- What are the primary responsibilities of the Asset Management Vice President at Sixth Street?
- The Asset Management Vice President at Sixth Street will specialize in residential whole loan asset management. Key responsibilities include understanding and owning investment positions, monitoring assets, serving as a point of contact for partners, performing ad hoc analysis for decisions, and driving internal operations and firmwide processes like portfolio reviews.
- What qualifications are essential for the Asset Management Vice President role at Sixth Street?
- Essential qualifications include at least 5 years of experience in originating, investing in, or asset managing residential whole loans. Strong finance and modeling skills, deep knowledge of residential mortgages and securitized debt, and technical skills in database management (SQL, Python) are crucial. A commercial and results orientation, along with strong organizational and communication skills, are also highly valued.
- What is the expected salary for the Asset Management Vice President position at Sixth Street?
- The expected base salary for this position is $200,000 annually. This is in addition to an annual discretionary bonus and a competitive benefits package. The final salary offered will be based on the candidate's experience and qualifications.
- What technical skills are preferred for the Asset Management Vice President role?
- Preferred technical skills include strong experience in database management and big data analytics using languages such as SQL or Python. Proficiency in Excel is required, with experience in Tableau and Intex being a plus. These skills are important for data analysis, portfolio valuations, and infrastructure management.
- How does Sixth Street approach collaboration and culture for its Asset Management Vice President?
- Sixth Street values a highly motivated, entrepreneurial, and team-oriented culture. The firm emphasizes cross-platform collaboration and believes 'the best idea wins.' Candidates are expected to have strong interpersonal and communication skills, a high degree of trust and integrity, and the ability to collaborate effectively across multiple teams.
- What is the work arrangement for the Asset Management Vice President role?
- This is a full-time role based in either New York, NY or Dallas, TX. The job description implies an on-site or hybrid work arrangement at one of these office locations.
- What kind of growth opportunities exist for this Asset Management Vice President role?
- 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. This indicates potential for broader responsibilities and exposure to diverse financial markets within the Asset Based Finance team.