MIM - Associate - Residential Credit

Description and Requirements
Role Value Proposition:
Based in Whippany, New Jersey, MetLife Investment Management ("MIM") is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a "Best Places to Work in Money Management" by Pensions & Investments for four consecutive years and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. Visit us at www.metlife.com/investments to learn more.
The Investment Associate, Residential Credit will be responsible for assisting with the firm's investments and structuring of investments.
Key Responsibilities:

• Triage new investment opportunities in residential credit
• Support the underwriting process of new investment opportunities; this includes:
  • Understanding fundamental drivers of performance
  • Run and verify cash flow models to ensure accurate pricing of investments
  • Developing and optimizing a capital structure (levering structural features typical to public securitizations) for the potential investment opportunity and allocation to Metlife managed investment funds
  • Leveraging in-house built models and applying appropriate calibrations to model performance expectations in various future credit markets
  • Comparing and contrasting performance expectations to empirical evidence drawn from private and public information
• Assess portfolio performance relative to trade date expectations
• Understand market participants, technical price patterns, and alternative return strategies
• Help build relationships with sellers and clients
• Take initiative and drive tasks forward
• Develop investment and cash flow models as needed to evaluate investment opportunities
• Assess investment opportunity variants and determine the optimal pricing protocols
• Present recommendations on the pricing of investment opportunities to senior investment professionals
• Price various forms of credit risk using proprietary models
• Seek ways to scale the investment process
• Take initiative and drive tasks forward

Essential Business Experience and Technical Skills:
Required:

• 3-5 years of work experience in mortgage or ABS investments that emphasize quantitative methods and structuring

• Cash flow modeling skills
• Understanding of fixed income and residential mortgage credit
• Organized with processing and coordinating information on deals
• Ability to methodically solve problems and quantify solutions
• Experience working in a result-oriented environment with multiple competing deadlines
• Demonstrated commitment towards achieving career growth and deepening knowledge base
• Strong skills related to data manipulation and analysis including technical abilities such as python or other similar coding skills.
• Strong communication and presentation skills that can tailor to both technical and non-technical audiences
• Strong PC skills required, including extensive experience with spreadsheets
• Strong analytical skills and strict attention to detail
• Knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives

Preferred:

• Undergraduate degree; MBA preferred.

At MetLife, we're leading the global transformation of an industry we've long defined. United in purpose, diverse in perspective, we're dedicated to making a difference in the lives of our customers.
#MIM
Location Expectation: This is a hybrid role requiring a minimum of 3 days per week in office.
The expected salary range for this position is $130,000 - $150,000. This role may also be eligible for annual short-term incentive compensation and stock-based long-term incentives. All incentives and benefits are subject to the applicable plan terms.
Benefits We Offer
Our U.S. benefits address holistic well-being with programs for physical and mental health, financial wellness, and support for families. We offer a comprehensive health plan that includes medical/prescription drug and vision, dental insurance, and no-cost short- and long-term disability. We also provide company-paid life insurance and legal services, a retirement pension funded entirely by MetLife and 401(k) with employer matching, group discounts on voluntary insurance products including auto and home, pet, critical illness, hospital indemnity, and accident insurance, as well as Employee Assistance Program (EAP) and digital mental health programs, parental leave, volunteer time off, tuition assistance and much more!
About MetLife
Recognized on Fortune magazine's list of the "World's Most Admired Companies", Fortune World's 25 Best Workplaces™, as well as the Fortune 100 Best Companies to Work For®, MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies; providing insurance, annuities, employee benefits and asset management to individual and institutional customers. With operations in more than 40 markets, we hold leading positions in the United States, Latin America, Asia, Europe, and the Middle East.
Our purpose is simple - to help our colleagues, customers, communities, and the world at large create a more confident future. United by purpose and guided by our core values - Win Together, Do the Right Thing, Deliver Impact Over Activity, and Think Ahead - we're inspired to transform the next century in financial services. At MetLife, it's #AllTogetherPossible . Join us!
MetLife is an Equal Opportunity Employer. All employment decisions are made without regards to race, color, national origin, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, marital or domestic/civil partnership status, genetic information, citizenship status (although applicants and employees must be legally authorized to work in the United States), uniformed service member or veteran status, or any other characteristic protected by applicable federal, state, or local law ("protected characteristics").
If you need an accommodation due to a disability, please email us at [email protected]. This information will be held in confidence and used only to determine an appropriate accommodation for the application process.
MetLife maintains a drug-free workplace.
$130,000 - $150,000
#BI-Hybrid