Associate, Finance

Posted:
10/10/2024, 2:25:16 AM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

About Pagaya

Shape the Future of Finance

Pagaya is building a leading artificial intelligence network to help our partners grow their businesses and better serve their customers.


Pagaya is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

Let's create better outcomes together!

About the Role

The Associate is an integral part of the Finance org and will be responsible for cash management across Pagaya’s corporate entities, investment vehicles daily partner operations, ad hoc data analysis and automations, periodic compliance reporting, and driving special projects. The position will also assist in structured finance & securities and loan transactions across asset classes. This role represents an opportunity to contribute to a growing, publicly-traded fintech company.

The role will primarily focus on financial operations, data analysis, automation, and reporting for Pagaya’s credit funds and securitization shelf. We are looking to add a talented financial professional (with a background in Finance, Treasury, Capital Markets, Corp. Dev).

Responsibilities

  • Corporate Finance
    • Lead and assist projects and initiatives
    • Work closely with Finance team members and assist with projects and tasks across Strategic Finance, Investor Relations, Treasury, and Capital Markets that will directly impact our company-wide priorities. 
    • Work across various teams to prepare weekly cash forecasts and other cash and borrowing projection models; coordinate with teams to identify and mitigate forecasting variances
    • Recommend and implement solutions to strengthen operational controls and incorporate best practices. 
  • Treasury Operations
    • Operational management of securitization transactions and funding
    • Treasury responsibilities including cash management strategy and execution, reporting and driving special projects
    • Perform transactional reconciliations; research and resolve discrepancies
    • Support securitization reporting, waterfall review, and P&L review
    • Interface with various external securitization deal parties including originators, servicers, buy-side accounts, custodians, rating agencies, among others
    • Compliance testing and calculations
    • Vendor and Partner management

The role will offer a unique opportunity for candidates with 1-3 years of experience to gain exposure to multiple groups within a rapidly growing tech driven manager with a focus on alternative assets classes. While we are quantitatively driven, this is not a financial engineering role. We are looking for a well-rounded individual who is passionate about finance, operations, securitizations, and technology.

Requirements

  • Financial services experience and/or general fixed income/capital markets experience. Experience in treasury and/or investment fund operations
  • Strong interest in automation, data analysis and financial operations
  • Finance, accounting, economics, or business major
  • Strong excel skills (financial modeling, discount cash flow modeling, vlookup, sumifs, macros, and pivot tables)
  • SQL and Python experience a plus
  • Experience analyzing large data sets
  • Structured finance experience preferred
  • Prior experience critically reviewing legal documents preferred

The pay ranges for New York-based hires are commensurate with candidate experience. 

Pay ranges for candidates working in locations other than New York may differ based on the cost of labor in that location.

Compensation Range for New York Based Hires
$100,000$140,000 USD

Our Team

Pagaya was founded in 2016 by seasoned research, finance, and technology entrepreneurs with our head quarters located in NYC and Tel Aviv. 

We move fast and smart, identifying new opportunities and building end-to-end solutions from AI models and unique data sources. Every Pagaya team member is solving new and exciting challenges every day in a culture based on partnership, collaboration, and community.

Join a team of builders who are working every day to enable better outcomes for our partners and their customers.

Our Values

  • Continuously Learn- We challenge ourselves for the sake of getting better as individuals, as teams, and as an organization to deliver for our partners.
  • Debate and Commit- We respectfully and openly debate to strengthen our ideas and build shared conviction - once we decide, we go all in, together.
  • Dream Big and Act- We boldly tackle complex problems, pressure-test solutions in real-time, and adapt with speed and energy.
  • Advance Inclusion- We create a world where everyone can win, designing systems that better represent people and generate sustainable value for our employees, partners and investors.
  • Be Accountable Together- We proudly own our actions and our results, taking initiative to ensure our work gets over the finish line as a team.

More than just a job

We believe health, happiness, and productivity go hand-in-hand. That's why we're continually looking to enhance the ways we support you with benefits programs and perks that allow every Pagayan to do the best work of their life.