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Chief Financial Officer - REIT

Company: Western Asset Management Company Limited
Location: Pasadena
Posted on: June 14, 2022

Job Description:

Western Asset Mortgage Capital Corporation (NYSE: WMC) is a mortgage REIT that currently invests in residential whole loans and residential mortgage-backed securities and to a lesser extent commercial whole loans, commercial mortgage back securities and GSE's. The Company's investment strategy may change, subject to the Company's stated investment guidelines, and is based on our manager Western Asset Management Company's perspective of which mix of portfolio assets it believes provide the Company with the best risk-reward opportunities at any given time. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the SEC and a wholly-owned subsidiary of Franklin Templeton (NYSE: BEN). The Chief Financial Officer of WMC is responsible for directing the organization's financial activities, including the ongoing development and maintenance of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve assets and report accurate financial results. What you will do

  • Develop, enhance, implement and enforce financial policies and procedures that will improve the overall operation and effectiveness of the business.
  • Assist in formulating WMC's future direction and supporting tactical initiatives in collaboration with WMC's Chief Executive Officer and Chief Investment Officer.
  • Maintain in-depth relations with all members of the management team.
  • Participate in key decisions as a member of the executive management team.
  • Monitor and direct the implementation of strategic business plans.
  • Develop performance measures that support WMC's strategic direction.
  • Oversee the Sarbanes-Oxley's internal controls over financial reporting.
  • Responsible for ensuring compliance with SEC reporting and Sarbanes-Oxley regulations.
  • Oversee preparation of and review public filings required for a NYSE listed Mortgage REIT.
  • Act as the liaison for WMC's external accountants, internal auditors and tax consultants.
  • Manage relationships with third party portfolio administrator, outside accounting consultants, internal and external auditors.
  • Interface with WMC's portfolio management team on a daily basis.
  • Provide input to developing sophisticated transaction structuring on any transactions as needed.
  • Participation in the development and implementation of a transaction risk and approval process.
  • Implement accounting policies and technical accounting standards for the Company.
  • Report financial results to the board of directors.
  • Understand and mitigate key elements of WMC's risk profile.
  • Monitor all open legal issues involving WMC, and the legal issues affecting the industry.
  • Construct and monitor reliable control systems.
  • Ensure that the Company complies with all legal and regulatory requirements, in consultation with General Counsel.
  • Ensure that the Company complies with REIT and 40 act regulatory requirements
  • Report risk issues to the audit committee of the board of directors.
  • Maintain relations with external auditors and investigate their findings and recommendations.
  • Monitor cash balances and cash forecasts.
  • Participate in conference calls with the investment community.
  • Maintain banking relationships.
  • Represent the company with investment bankers and investors. What you bring
    • Minimum of 15 years of relevant real estate finance and financial operations experience.
    • Experience with REIT structure and SEC reporting.
    • Solid understanding of the Residential Mortgage REIT industry, including strong familiarity with Mortgage Backed Securities and mortgage financing.
    • Solid grasp of the full spectrum of debt capital markets including RMBS, residential and commercial whole loans, mezzanine, B-notes, CDO's, CMBS, derivatives and swaps.
    • Excellent oral and written communication skills with the ability to disseminate information to investors and market analysts.
    • Experience with developing and executing sophisticated transaction structures.
    • Client/Investor-focused, creative, consultative, solution oriented.
    • Experience in managing financial reporting, treasury function, budgeting process, cash flow, risk management and tax strategies, specifically within a mortgage REIT framework.
    • Team oriented and effective in a matrix organizational structure.
    • The ability to work independently while keeping internal constituents apprised on a regular basis.
    • Ambitious, highly intelligent and possessing the desire to grown within the organization.
    • Preference will be given to candidates with an MBA in Finance and/or a CPA About Western Asset At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring. Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.

Keywords: Western Asset Management Company Limited, Pasadena , Chief Financial Officer - REIT, Executive , Pasadena, California

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