COMPANY OVERVIEW:
Palisades Group is an alternative asset manager in the global residential credit markets having managed more than $25 billion of loans, real estate, and fixed income securities since its 2012 inception. It employs a top-down asset allocation approach across residential whole loans, real estate, opportunistic credit, and fixed income markets in the United States, Europe, and Latin America. The Firm provides clients with a control-oriented management style anchored in asset level risk management, loss mitigation, and value-add strategies.
As of March 31, 2023, Palisades manages mortgage, real estate and fixed income assets that amount to over $9.4 billion in notional balance through a combination of discretionary funds and separate accounts for globally recognized asset managers, private equity firms, family offices, banks, foundations, endowments, broker dealers, and insurance companies.
Palisades offers individuals an exciting and challenging career in a collegial and collaborative environment. We seek to recruit and retain talented individuals that have demonstrated integrity, intellectual curiosity and willing to speak up, constantly seeking to improve processes, genuinely excited to tackle complex challenges, technically proficient, transparent and collaborative, highly organized and able to manage multiple tasks simultaneously, detail-oriented with a focus on both form and substance, and committed to doing what they say they are going to do.
POSITION SUMMARY:
Palisades is seeking an Operations Analyst to join its growing and dynamic team.
As part of the Data & Analytics team, the Operations Analyst will be responsible for managing and enhancing the in-house mortgage loan database, creating performance and investor reports, implementing data management protocols and systems, and managing the reconciliation and reporting of loan servicing cash flows.
This is a small team, and any candidate must be a team-player, able and willing to work on cross-over projects, able to pick up complex concepts and communicate effectively to both internal and external constituents. The position will allow the candidate to work collaboratively across the Company’s cross-functional teams (Data Research & Reporting, Trading & Analytics, Asset Management, Capital Markets, Transaction Management, and Collateral Management) and to learn from the firm’s industry leading professionals. The ideal candidate will be intellectually curious, a self-starter, have a strong attention to detail, and be able to work under time sensitive deadlines.
ESSENTIAL DUTIES:
- Reconciliation of monthly loan servicer cash reporting and other loan attributes.
- Coordinates and communicate with data providers to reconcile data in a timely manner.
- Produces monthly cash flow reporting for internal and external stakeholders.
- Identifies data errors and reviews findings with more senior team members.
- Learning and maintaining proprietary mortgage database in Microsoft SQL.
- Develop SQL scripts that improve the efficiency of processes, analysis, and reporting.
- Ensures the accurate compilation, analysis and reporting of data.
- Running analyses using in house software tools.
- Identifies markets for future development and methods to improve existing products by analyzing technology trends.
- Automation of monthly portfolio performance reconciliations and Data Quality Control
- Any ad hoc analysis that may be requested.
EXPERIENCE, QUALIFICATIONS, AND SKILLS:
- Education: Bachelor's degree or progress towards a degree from a top undergraduate program.
- Required Experience: Recent or upcoming college graduate with relevant work experience or equivalent (Internships and part-time work recognized).
- Must excel in a fast-paced, agile environment where critical thinking and strong problem-solving skills are required for success.
- Strong written and verbal communication skills.
- Strong technical and analytical skills.
- Technical Experience: Strong Microsoft Excel skills with understanding of key functions and pivot tables, Microsoft PowerPoint and Word, basic SQL skills a plus.
BENEFITS:
- Medical, dental and vision insurance
- 401(k) retirement plan matching
- Charitable giving employee matching program
- Continuing education and professional certification expense reimbursement
- Wellness stipend (monthly)
- 13 paid holidays
- Remote work option (Fridays)
- Summer hours on Friday
- Friday team lunches
Palisades is committed to maintaining a positive and collaborative work environment that is safe and respectful of others; our shared success depends on it. Accordingly, we do not tolerate workplace discrimination, violence, or harassment.
We are proud to create a diverse environment and are proud to be an equal opportunity employer.