Saturday, June 5, 2010

Trader I

Apply for Job Here

We are delighted that you have chosen to explore the career opportunities available with EverBank.

Primary Characteristics:
A Trader has the responsibility for managing the risk exposure in all or a segment of the pipeline; including analyzing pipeline risk, pipeline pricing, best execution analysis, and making appropriate trading and hedging decisions to maximize profits to Alliance and minimize interest rate risk.

Essential Functions:
* Pricing
* Provide pricing feedback and spread information to Pricing analyst and Risk System Analyst.
* Develop and maintain pricing for products in position that Trader is assigned to manage.
* Participate in renegotiation of current investor deals to improve pricing and product characteristics.
* Seek out new investors to improve pricing/product selection in conjunction with Investor Relations Analyst.
* Participate in negotiation with new investors in conjunction with investor relations analyst

* Warehouse Management
* Responsible for weekly preparation of Warehouse Aging Report by Product for positions that Trader is assigned to manage.
* Responsible for weekly preparation of a Warehouse Forecast projecting future sales
* Interface with Transaction Analyst/Secondary Ops Manager to insure timely settlements of product for positions that Trader is assigned to manage.
* Responsible for weekly preparation of Average Days in Warehouse by Product report for positions that Trader is assigned to manage.
* Responsible for maintaining product aging <= 30 days on all products under management. * Coordinate reporting of Aged Warehouse Exceptions with Scratch & Dent Team. * Execution of Sales vs. Pricing * Responsible for the creation of Trade Recaps within 24 hours of any trades or allocations done. * Responsible for preparation of Gain/Loss Forecast for current month p-n-l for position under management on a weekly basis. * Responsible for reconciliation of forecasted p-n-l to actual p-n-l prepared by Capital Markets Accounting on a monthly basis. * Hedging Cost & Effectiveness * Responsible for exploring hedging strategy alternatives to reduce hedge cost and improve hedging effectiveness. * Responsible for executing trades to hedge and sell products in position Trader is assigned to manage. Minimum Qualifications (Knowledge, Skills and Abilities): * Above average analytical ability * Exceptional spreadsheet modeling skills are necessary to be successful in this position. * Ability to perform multiple tasks accurately under intense time pressure. * Excellent verbal and written communication skills. * Strong general understanding of mortgage banking, particularly process flows, documentation requirements, and components of economic value. Training and Experience: * Bachelors degree in Finance or related area. * MBA, CPA, or CFA preferred. * At least one to two years of secondary marketing and trading experience Requirements Note: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required of personnel so classified, and they may change at any time. Please be sure to mark our "careers" page as a favorite place on your computer and visit often. We update it any time a position opens or closes, meaning that it is updated most weekdays. EverBank is an equal opportunity employer. No employee or applicant for employment will be discriminated against because of race, color, religion, national origin, physical or mental disability, age, gender, sexual orientation, genetic information, veteran's status, or status as a disabled veteran or veteran of the Vietnam era. Apply for Job Here

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