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)
Position: Secondary Market Specialist
Department: Loan Operations
Job Status: Full-Time
FLSA Status: Non-Exempt
Grade: 7
Reports to: Team Lead, Residential
Amount of Travel Required: Local Travel as Needed
Positions Supervised: None
POSITION SUMMARY
Under the general supervision of the Residential Loan Servicing Team Lead. Performs a variety of Loan Servicing tasks primarily focused on the selling and servicing of the secondary market loan portfolio.
ESSENTIAL FUNCTIONS
POSITION QUALIFICATIONS
Competencies
Education/Experience/Skills
PHYSICAL DEMANDS
Physical Demands
Stand: O (Occasionally)
Walk: O (Occasionally)
Sit: C (Constantly)
Handling / Fingering: F (Frequently)
Reach Outward: O (Occasionally)
Reach Above Shoulder: O (Occasionally)
Climb: O (Occasionally)
Crawl: N (Not Applicable)
Squat or Kneel: O (Occasionally)
Bend: O (Occasionally)
Lift/Carry
10 lbs or less: F (Frequently)
11-20 lbs: O (Occasionally)
21-50 lbs: N (Not Applicable)
51-100 lbs: N (Not Applicable)
Over 100 lbs: N (Not Applicable)
Push/Pull
12 lbs or less: O (Occasionally)
13-25 lbs: O (Occasionally)
26-40 lbs: N (Not Applicable)
41-100 lbs: N (Not Applicable)
N (Not Applicable) Activity is not applicable to this occupation.
O (Occasionally) Occupation requires this activity up to 33% of the time (0-2.5 hrs/day)
F (Frequently) Occupation requires this activity from 33%-66% of the time (2.5-5.5 hrs/day)
C (Constantly) Occupation requires this activity more than 66% of the time (5.5 hrs/day)
Other Physical Requirements
None
Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
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