Capital Markets Finance, Senior Manager
3 days ago
Richmond
About CapCenter CapCenter is a technology-driven mortgage lender headquartered in Richmond, Virginia. We originate purchase and refinance mortgages, sell loans into the secondary market, and operate with a small, high-leverage team — meaning every seat owns real outcomes, not slices of a bureaucracy. Our capital markets function runs an active hedging book, sells through agency and aggregator channels, and retains a growing MSR portfolio. This role is being created to bring purpose-built financial discipline, reporting, and planning to that activity. Role Summary The Capital Markets Finance Senior Manager owns the financial backbone of CapCenter's secondary marketing activity. The role is a finance role first — it builds and owns the gain-on-sale model, the hedge effectiveness analysis, the MSR valuation methodology, the secondary marketing P&L, and the financial planning that turns capital markets activity into board-grade reporting and forward-looking forecasts. It partners closely with corporate accounting on close, audit, and disclosure, and with FP&A on planning and strategic analysis. This is a hands-on, build-it role. The right person is equally comfortable in a hedge attribution model, a board financial package, a monthly close working paper, and a conversation with the external auditor. Reports to the Head of Capital Markets and Finance. Key Responsibilities Capital Markets Finance and Modeling • Own and maintain the gain-on-sale model — pricing assumptions, expected execution, hedge cost, fallout, MSR value, fee income, and direct loan costs, • Produce hedge effectiveness analysis — coverage ratios, basis risk, P&L attribution, and slippage versus benchmarks; surface drivers in plain financial terms, • Own MSR valuation methodology — assumption setting (prepayment, cost-to-service, ancillary income, default), model governance, quarterly mark, and reconciliation against third-party valuations, • Build and maintain the retain-versus-release financial framework that supports each loan-level decision and tracks realized economics versus the model, • Stress-test the pipeline, hedge book, and MSR portfolio against rate shocks, fallout shocks, and volume scenarios; quantify financial exposure for leadership Financial Reporting, Close and Accounting Partnership • Produce the monthly capital markets financial reporting package: secondary marketing P&L, realized vs. locked margin, hedge P&L, MSR mark, secondary income by channel, and variance-to-plan with written commentary, • Partner with corporate accounting on month-end and quarter-end close for loan sales, derivative mark-to-market, MSR mark, fair value measurements, and hedge accounting elections, • Provide methodology documentation, source data, and analytical support for derivative accounting (ASC 815) and MSR accounting (ASC 860 / ASC 948), • Lead capital-markets-related external audit support — methodology memos, model documentation, sample selections, walkthroughs, and disclosure draft review, • Author the board-level capital markets financial narrative each cycle; ensure related disclosures, KPIs, and footnote inputs are accurate, consistent, and decision-grade Strategic Finance, Planning and Controls • Build the capital markets components of the annual budget, quarterly reforecasts, and long-range financial plan; defend the assumptions to leadership, • Model forward-looking secondary marketing revenue and MSR economics under varying rate paths, volume scenarios, and product mix; integrate into corporate forecasts, • Provide ad-hoc financial analysis for strategic decisions — pricing changes, lock policy, MSR sales, channel expansion, retain-vs-release strategy, and capital allocation, • Partner with FP&A, Origination, and Servicing finance on margin sensitivity, runoff economics, product-level profitability, and cross-functional financial questions, • Recommend and implement financial controls, model governance, reconciliation cadences, and process improvements across capital markets financial activity What Success Looks Like in Year One • A documented, version-controlled gain-on-sale model that finance, the desk, and leadership all reference, • A monthly capital markets financial reporting package leadership can read in under fifteen minutes and act on, • A defensible, auditor-ready MSR valuation methodology and retain-vs-release framework, • A clean, predictable monthly close for capital-markets-related accounts, with documented working papers, • A capital markets budget and rolling forecast integrated into the broader corporate financial plan Qualitifactions • Bachelor's degree in Finance, Economics, Accounting, Mathematics, or related field; MBA, CFA, or CPA strongly preferred, • 7+ years in mortgage capital markets finance, secondary marketing analytics, or mortgage corporate finance, with at least 3 years in a senior or management capacity, • Deep working knowledge of TBA / MBS markets, agency execution, gain-on-sale economics, and MSR valuation, • Hands-on experience with at least one pricing / hedging platform (Optimal Blue, Polly, Compass Analytics, or comparable) — sufficient to interpret outputs and reconcile to financial results, • Demonstrated ability to build and own production financial models — not just contribute to them, • Strong working knowledge of derivative accounting (ASC 815) and MSR accounting (ASC 860 / 948); ability to operate as a credible counterpart to accounting and external audit, • Experience producing financial reporting and forecasts that reach the executive team or board, • Clear writer and communicator — able to translate hedge P&L, MSR economics, and secondary performance into concise financial narratives for leadership