Warehouse Collateral Manager

Who We Are

We are creating the best way to finance clean energy for the home to help combat climate change. Mosaic partners directly with solar and home improvement professionals, who use our simple point-of-sale app to offer financing to their customers. This makes it easy and affordable for families to make energy-efficient upgrades to their homes. Since 2012, Mosaic has funded more than $10 billion in loans through our platform and helped more than 1,000,000 homeowners switch to sustainable solutions. Join us as we work toward our vision of 100% clean energy for all.

Location: We are a remote-first company. This role can be based anywhere in the US.

The Opportunity 

Mosaic is seeking a Warehouse Collateral Manager to join our Treasury and Capital Markets Team. Our team is responsible for the market execution of the organizations funding programs, notably issuance of Asset Backed Securities, structuring of Loan Sale/Forward Flow Agreements and Warehouse Financings.

This role is focused on the management of collateral assets (consumer loans) among our financing partners and related funding vehicles. The Warehouse Collateral Manager will be responsible for the optimization of collateral amongst these facilities and related cash flow forecasting. This position will require an intimate understanding of our financing products and lending structures to efficiently re-balance these assets on a daily basis to maximize liquidity. 

An ideal candidate will be a self-starter capable of working as part of a fast-paced remote team. 

Someone who possesses a passion for problem solving, has superior analytical skills and can think outside of the box. Has a deep interest in data and metrics but can also think strategically and keep sight of the bigger picture. Has an entrepreneurial drive and technical insight to identify gaps and drive process improvement initiatives. 

Primary Responsibilities Include

• Complete a daily review and reporting of collateral assets composition and trending
• Direct movement of collateral assets according to financing agreements, and management to various financing terms (ie. ineligibility criteria, concentrations, etc)
• Design, implement, and maintain a collateral asset allocation model for cash flow forecasting
• Partner with internal departments on collateral movements, and ensure reconciliation of disposition across all systems
• Complete monthly reconciliation of assets to appropriate eVault
• Manage loan repurchase process across all facilities
• Aid in Capital Markets financing transactions, providing intel and oversight of collateral for optimization of credit and sale terms
• Support Treasury Operations with Servicer Reporting as required
• Support deployment and adoption efforts of automated treasury software solutions
• Recommend and implement process and reporting improvements and efficiencies; maintain process documentation and support business continuity planning
• Collaborate closely with other functional departments including Accounting, Finance, Capital Markets, Loan Operations, and IT
• Performs troubleshooting and ad-hoc analyses as required
• Performs other duties as assigned

What you bring to the team

• B.A or B.S in Finance, Economics is preferred
• 5+ years of experience in financial modeling, financial analysis and forecasting
• Experience in finance or capital markets, working on loan sale transactions and securitizations
• Experience with reading financing transaction legal documents
• Advanced Excel skills, specifically working with large datasets
• Ability to work cross-functionally, particularly with Finance, IT and Loan Servicing teams
• Experience with Loan Servicing Systems
• Ability to represent the organization professionally and to cultivate and maintain relationships with funding and capital partners.
• Solid work/team ethic

Preferred Qualifications

• Knowledge of Banking and Capital Markets products
• Experience working with quantitative models
• Prior experience in consumer lending

Compensation: The base salary range for this position is $100,000 - $130,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.

Why Mosaic

As a customer focused and driven-to-win organization, there are many exciting reasons to join the Mosaic team. Mosaic has a dynamic, fast-paced, and entrepreneurial environment, which requires a professional, flexible, self-starter attitude. We believe in hiring talented and driven individuals and cultivating a culture of collaboration and appreciation. 

Benefit Highlights:

• Robust Health, Dental, and Vision Plans
• Generous paid time off
• 401k Match
• Employee Equity Plan
• We are remote-first (Must be based in the United States)
• Lifestyle Spending accounts for professional and personal wellness 
• Mental Health: Headspace subscription, online therapy sessions 
• …and more! 

Mosaic’s policy is that employees must be fully vaccinated against COVID-19 in order to travel for work, visit our office, or attend in-person meetings, to the extent permitted by applicable law. We encourage you to speak with your recruiter if you would like more details on our COVID-19 safety policies. 

We are an equal opportunity employer and value diversity of backgrounds, perspectives and experience. Mosaic’s vision is 100% clean energy for all. In order to reach that vision, we believe we must build a diverse company where everyone is treated fairly and feels included. In turn, in accordance with Mosaic’s equal employment opportunity policy, we do not discriminate on the basis of race, religion, color, national origin, caste, gender identity or expression, sexual orientation, age, marital status, veteran status, disability status or any legally protected status.