Role in brief
Figure seeks a Portfolio & Investment Operations Manager to oversee residential transition loans and HELOCs, ensuring compliance and performance metrics. Ideal candidates have experience in portfolio management and strong analytical skills.
About the role
As a Portfolio & Investment Operations Manager at Figure, you will be responsible for managing the performance of mortgage assets, including tracking key metrics and producing reports for stakeholders. This role involves daily operations management and maintaining compliance with governing agreements.
Figure is a leader in blockchain-native capital markets, focusing on the tokenization of real-world assets. You will work closely with various teams, including Legal, Compliance, and Finance, to ensure seamless operations and reporting across the portfolio.
The salary range for this role is between $120,438 and $180,656, with additional bonuses and equity options available.
Skills that matter here
- Excel: This role requires strong Excel skills for building and maintaining portfolio tracking and reporting tools.
- SQL: SQL is essential for data management and analysis related to portfolio performance.
- Python: Python will be used for financial modeling and automating reporting processes.
- Tableau: Tableau will help in visualizing portfolio data and performance metrics.
- financial modeling: Financial modeling skills are crucial for assessing asset performance and trends.
Who this role suits
- Candidates with over four years of experience in portfolio or asset management will thrive.
- Detail-oriented individuals who can verify claims against source documents are preferred.
- Those who excel in fast-paced environments and can interpret legal documents will do well.
- Strong communication skills for reporting across various stakeholders are essential.
From the employer
What You’ll Do
- Track performance of mortgage assets, including origination trends, payoffs, delinquency, extensions, draws, and loss metrics across warehouse and owned positions
- Produce recurring portfolio reports for internal and institutional stakeholders, and support board and investor reporting cycles
- Maintain a current view of concentration limits, eligibility criteria, and covenant compliance across the portfolio
- Build and maintain portfolio dashboards and trackers covering performance, cash flows, and key risk metrics
- Manage day-to-day portfolio operations, including delinquency tracking and cash and collateral reconciliation
- Apply the portfolio’s governing agreements to day-to-day decisions, including expense sharing, decision rights, and waterfall mechanics
- Support forward flow and loan sale relationships, including compliance with applicable purchase and forward flow agreements
- Coordinate with Legal and Compliance on counterparty notifications, consents, and amendments as the portfolio evolves
- Oversee investment vehicle mechanics for joint ventures, including capital calls, distributions, and investor reporting cycles
- Partner with deal and transaction management, structuring, and compliance teams on new originations, securitizations, and portfolio sales
- Work with Finance and Accounting on cash reconciliation, fee distributions, and portfolio economics
- Collaborate with Treasury on warehouse facility utilization and borrowing-base reporting for the portfolio
What We Look For
- 4+ years in portfolio or asset management, structured finance, or capital markets operations, with direct exposure to residential transition loans, HELOCs, RMBS, or warehouse-financed loan portfolios
- Comfort interpreting and applying governing agreements, servicing agreements, and financing documents
- Ability to read and apply legal and transaction documents directly rather than relying on summaries
- Strong Excel, SQL, Python, Tableau, and financial modeling skills, with comfort building and maintaining portfolio tracking and reporting tools
- Excellent written communication for reporting across counterparties
- High attention to detail and comfort verifying claims against source documents rather than assumptions
- Experience with fund or investment vehicle administration, including capital calls, distributions, and investor reporting cycles (preferred)
- Comfort with NAV attribution and valuation processes for asset-backed credit portfolios (preferred)
- Strong investment and credit analysis skills, with the ability to assess asset performance trends and flag emerging risks (preferred)
- Ability to thrive in a fast-paced startup environment
What the Company Offers
- Base Compensation Range: $120k - $181k/yr
- 25% annual bonus target, paid quarterly
- Company equity in the form of RSUs
- Comprehensive medical, dental, and vision coverage, with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care FSA, 401(k), and commuter benefits
- Employer-paid life and disability insurance
- 11 observed holidays and PTO plan
- Up to 12 weeks of paid family leave
- Continuing education reimbursement
Questions about this role
What is the remote policy?
This position is office-based, with no remote work mentioned.
What level of experience is required?
A minimum of four years in portfolio or asset management is required.
How do I apply?
Candidates can apply through the Figure website provided in the job posting.
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