Asset Based Finance Resi Analyst or Associate

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 Resi Analyst or Associate 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 Analyst or Associate role based in New York focused on residential whole loans. As an Analyst or Associate on the Asset Based Finance team, you will be responsible for analyzing, underwriting, and executing structured finance transactions across asset classes. 

Core Responsibilities

• Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of residential assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
• Evaluate investment opportunities across Non-QM / DSCR, 2^nd Liens / HELOCs, MSR, Bridge / RTL, Manufactured Housing, and other residential asset classes
• Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments
• Assist in preparing investment committee memos, diligence memos, and other investment analyses
• Accountability – ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
• Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
• Monitor positions on an ongoing basis and perform quarterly valuations of investments
• Interface and negotiate with external counterparties

What We Value

• Highly self-motivated, entrepreneurial, and team-oriented candidates with strong modeling skills
• Commercial and Results Orientation
• Team orientation and influencing skills
• High Trust and Integrity
• Strategic / Entrepreneurial Mindset
• Strong combination of organizational and interpersonal/communication skills
• Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred

Preferred

• 1-4 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
• Experience underwriting, structuring, and reviewing residential whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
• Superior valuation, modeling, and Excel skills evaluating financial assets
• Strong accounting, finance, modeling, and problem-solving skills
• Keen interest in the financial markets and good commercial instincts
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
• Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
• Comfortable working in a high growth, iterative environment
• Intex, VBA, Collateral Analysis System (CAS), and Snowflake/SQL proficiency is preferred but not mandatory

Compensation