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Mortgage Pricing Director
Union Bank
San Diego, CA, United States
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The Mortgage Pricing Director is responsible for managing the HFI/HFS loan origination pricing strategies and maintenance of a robust pricing research and analytical framework. In addition, the incumbent would be responsible for developing loan level pricing monitoring including pricing exceptions, reporting and controls.
Major Responsibilities
50% Market / Pricing Position Analysis
• Responsible for monitoring competitive environment for First Mortgage and Home Equity Markets and proposing and implementing strategies to maximize revenue based upon volume, capacity and return constraints.
• Create, continuously improve and maintain comprehensive pricing analytics toolkit to monitor, identify new trends and support risk reporting framework.
• Develop loan level monitoring process to provide foundation of monitoring pricing strategy performance including regional, exception and profitability metrics.
• Create and monitor executive level standardized pricing reporting, KPI’s and other metrics.
• Proactively review results and provide recommendations to drive results / solutions.
• Work closely with other executives and senior managers to facilitate problem solving, and obtain necessary resources to meet objectives.
30% Pricing Operations
• Manage daily pricing process and rate sheet distribution with direct responsibility from initiation to delivery to downstream pricing engines. Develop, evaluate and support implementation of pricing technology and vendors within Capital Markets and downstream systems.
• Develop, socialize and maintain Pricing Policies as needed.
• Support the product development process as required.
• Coordinate pricing issues with Compliance and Risk.
20% Other
• Assist management in achieving financial goals and strategic objectives.
• Other duties as required
Qualifications
• BA in Finance or Business with CFA/MBA preferred
• 10-15 years Capital Markets experience in mortgage lending including Pricing and Secondary Marketing with functional experience in asset pricing and model building
• Experience in Pricing Elasticity Analysis preferred
• Advanced experience with SAS, Excel, SQL and Tableau
• Strong Mortgage product, business and industry knowledge required
• Ability to proactively anticipate, identify and resolve complex financial issues
• Problem resolution experience requiring strong analytical skills, sound judgement and ability to work effectively in a team
• Comfortable interfacing with Executive Management
• Strong communication and analytical skills, including ability to communicate complicated analysis in a clear and compelling manner
• Detail oriented with the ability to work efficiently and independently with little supervision
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.