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PENNYMAC

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

The Pricing Strategy Manager ’s responsibilities include developing and testing complex pricing strategies as well as performing complex analysis to create solutions for corporate strategic initiatives. As the Manager , you will interface with department leadership and occasionally with the executive management team to present analytics results.

The Pricing Strategy Manager will :

+ Develop and test complex pricing strategies as well as perform complex analysis to create solutions for corporate strategic initiatives

+ Design and develop demand elasticity analysis and profit/ROE optimization models that can be used to make real-time profit/ROE-maximizing margin decisions

+ Build and analyze mortgage pipeline fall-out curves and develop pricing strategies to account for differences to due borrower or business partner behaviors

+ Analyze pipeline behavior including extension/roll/relock activity, time to deliver, file delivery to purchase, and other operational cost metrics. Develop and design of pricing strategies that distinguish different behaviors

+ Help develop the Margin Management System (MMS), LendingSpace, and pricing distribution infrastructure including Rate Sheet distribution and third-party pricing vendors

+ Perform other related duties as required and assigned

+ Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring

+ Bachelor’s or Master’s degree in Engineering or Computer Science, Math, Physics, Statistics, or Financial discipline

+ 4+ years of experience building financial models and applying advanced statistics techniques to problems in residential mortgage finance

+ Strong quantitative, problem solving, and statistics/financial engineering skills

+ Extensive experience with SQL coding and Excel automation

+ Knowledge of a statistical package like SAS, R, or similar is desirable

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

+ Comprehensive Medical, Dental, and Vision

+ Paid Time Off Programs including vacation, holidays, illness, and parental leave

+ Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)

+ Retirement benefits, life insurance, 401k match, and tuition reimbursement

+ Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

+ Lower in range - Building skills and experience in the role

+ Mid-range - Experience and skills align with proficiency in the role

+ Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$75,000 - $130,000

Work Model

OFFICE