Assistant Manager, Secondary Marketing & Pricing
Napa, California
Accounting & Finance - Finance /
Full-Time /
On-site
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Redwood Credit Union is seeking an Assistant Manager, Secondary Marketing & Pricing who will plan, supervise, administer, and manage day-to-day activities and functions of Secondary Market team within the Finance department. Manage various analytic and reporting deliverables for Senior Management and Executives. Participate in the development and maintenance of a Data Management and Business Intelligence Reporting system. This position provides support to the Finance Manager and work closely with the SVP/Accounting & Finance, Chief Financial Officer, and other members of the Executive and Senior Leadership Teams.
The secondary market is the financial market in which residential mortgages and mortgage-related securities are bought and sold. The secondary market provides lenders with liquidity to fund mortgage originations, and the means to manage interest rate risk and credit risk by removing loans from their balance sheet through the sales of those loans into the secondary market.
Key Responsibilities
Department Operations
Secondary Market:
o Direct loan sale activities with external parties.
o Develop and enhance pricing models and monitors secondary markets for changes that impact daily pricing positions.
o Review and approve rate lock escalations/off sheet pricing approval.
o Manage and organize locked loan pipeline.
o Oversee loan delivery activities.
o Participate in loan rate recommendations and daily LOS rate updates.
o Manage relationships with external parties, including Fannie Mae, and other investors for both conforming and non-conforming mortgages, as well as SBA loan products.
o Coordinate efforts with Mortgage Lending, Marketing, Accounting, and other internal departments.
o Oversee data preparation and leadership for the Fannie Mae and other related audits.
o Support the data preparation and submission process for the NCUA 5300 Call Report and the FHLB Collateral Pledge.
Financial Modeling and Reporting:
o Oversee financial analysis related to loan sale profitability and other financial sensitivities associated with buy vs. sell decisioning.
o Manage reporting on secondary market and other functions for internal and external parties.
Data & Interest Rate Risk Management:
o Manage department's role in development and on-going maintenance of a data management system.
o Support interest rate risk management through secondary market activities, reporting, and modeling.
Administration:
o Delegate, coordinate, and review work of secondary marketing team members to ensure quality and timely work.
o Evaluate, design, and implement operationally effective processes.
o Responsible for performance management of respective team members.
o Interview applicants and make hiring recommendations.
Other Functions:
o Perform other related duties as required.
o Participate in community and RCU sponsored events.
Join us and discover why you''ll love working at Redwood Credit Union!
ABOUT REDWOOD CREDIT UNION (RCU):
At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.
As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all.
Why work for Redwood Credit Union?
Minimum Qualification: Knowledge, Skills and Abilities
The ideal candidate has a combination of education and experience equivalent to a bachelor's degree in accounting, finance, or related field, with a minimum of six years of experience with mortgage loan sales and selling systems for facilitation, or in Loan Origination, Underwriting, or Servicing. Previous supervisory experience preferred. Previous Lock Desk experience within a depository financial institution or similar is strongly preferred.
Compensation: Base starting range: $115,037 to $151,561 annually commensurate with experience.
Our base salary starting range is based on scope and responsibilities of the position, candidate''s work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.
Redwood Credit Union offers a robust benefits package to our eligible employees including:
RCU Discounts and Perks:
Physical Requirements:
Internal Team Members: If you are a current Team Member, please apply through the internal careers page located in RCUNET.
We are an Equal Opportunity Employer
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us at [email protected]. To ensure fairness and consistency, we're unable to respond to individual inquiries about application status.
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Since 1950, Redwood Credit Union (RCU) has been helping people in our communities reach their financial goals and dreams. Because helping others is what truly fulfills and inspires us.
Today, we serve over 255,000 Members, with locations throughout the North Bay and San Francisco, and more than 30,000 ATMs nationwide.
RCU offers more comprehensive financial solutions than you'll find at most other institutions; in addition to everyday banking and loan services, we offer wealth management, insurance, auto sales, and more.
With Nearly $5 billion in assets, RCU is among the largest of over 6,000 credit unions nationwide. As we've grown, one thing has remained the same: We love to help people succeed.
Why should you be interested in becoming part of the team? Well, we’ve got more awards than we can fit on the shelf, including:
Furthermore, we are committed to the ongoing career development and success of our staff, with educational reimbursement, wellness programs and promotional opportunities that abound! Join a company where its key investment is who they hire: YOU!