Secondary Market Manager helps develop, manage, and improve a company's secondary mortgage market operations. Leads a team of analysts to ensure timely and accurate work and provides research and solutions to complex questions or tasks. Being a Secondary Market Manager oversees the company's loan purchases and sales on the secondary market and manages mortgage loan portfolios to balance risk. Reviews performance indicators and utilizes economic data and market trends to determine risk. Additionally, Secondary Market Manager maintains relationships with investors, brokers, and originators to identify and develop new leads and opportunities. Requires a bachelor's degree in a related area. Typically reports to a director. The Secondary Market Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Secondary Market Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Job Title: Market Manager (level 1, 2, 3)
FLSA Status: Exempt / PG as defined below in table.
Reports to: Area Director
JOB RESPONSIBILITIES
COMPETENCIES AND SKILLS
QUALIFICATIONS – Unless indicated otherwise, these are required
Level 1, 2, 3 determination as listed below:
Level 1 (PG 32)
Minimum of 5 yeas of leadership in an operational setting.
Experience running business of $1-3 million dollars or more.
Market Area is comprised of $5 million dollars to $10 Million Dollars.
Typically, would have a smaller home store and up to 5 smaller market stores.
Level 2 (PG 33)
Minimum of 10 years of leadership in an operational setting.
Experience running business of $3-5 million dollars or more.
Market Area is comprised of $10 Million dollars to $20 Million Dollars.
Level 3 (PG 34)
Minimum of 15 years of leadership in an operational setting.
Experience running business of $5-10 Million dollars or more.
Market Area is comprised of $20 million dollars or more
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