Bridge Investment Group, LLC Managing Director, Portfolio Management in New York, NY, New York
Bridge Investment Group is a leading privately held real estate investment and property management firm with over $16 billion in assets under management. Bridge pursues investment opportunities in targeted real estate sectors that offer attractive returns including current income and capital appreciation. Its real estate activities encompass the acquisition, financing, property management, optimization and disposition of real assets and real estate-backed fixed income securities. The Company operates in five targeted verticals; multifamily, office, seniors housing, opportunity zone investments and real estate-backed fixed income, and has specialized investment teams focused on each of these areas to generate above-market returns for its investors.
Bridge is well-regarded for its high integrity and collaborative leadership culture that rewards both individual thinking and team decision-making. Our leadership are seasoned professionals who bring their vast experience and high standards of excellence to their work.
Given our horizontal scope and vertical integration, Bridge professionals are empowered to work across functional teams. As a result, they are deeply specialized and highly versatile with a clear understanding of how their roles fit into a broader context.
Our leaders’ value career development and take seriously the role they play in developing next generation leaders. Bridge professionals embody accountability and seek to deliver high-quality results through creativity and innovation.
The Agency MBS Fund Manager is the new investment vertical at Bridge Investment Group that will manage mortgage backed securities portfolio. The team will lead all aspects of portfolio management including portfolio construction, trading, risk management, coordinating fund operations as well as supporting capital raising. The position will report to the Chief Investment Officer.
As Managing Director, Portfolio Management in our New York office you will be responsible for development and execution of hedging and funding strategy; play a critical role in portfolio construction, security selection and related analyses. You will also be responsible for maintaining key internal and external relationships. You will lead various activities including, but not limited to, coordination with middle and back office, risk management, treasury operations, fund accounting, investor services, and legal.
Expectations for the role:
Lead formation of interest rate hedging and funding strategy considering asset cash flows, macro-economic environment and market conditions.
Execute interest rate hedging using swaps, swaptions, futures and other derivative instruments.
Monitor mortgage market and undertake analyses to support investment decisions and security selection.
Monitor performance of assets, effectiveness of interest rate hedges and rebalance portfolio as needed.
Manage funding for the portfolio including monitoring rate risk, liquidity risk and counterparty risk.
Maintain and expand relationships with broker/dealers and other funding providers.
Coordinate with middle office, back office, fund accounting, tax, investor relations and other departments in support of fund business.
Engage in the marketing, fundraising effort, and investor calls as and when required.
Provide leadership and training to junior professionals as the team expands.
Strong understanding and experience in hedging and funding fixed income portfolio through business cycles required; experience in mortgage portfolio management a significant plus.
10+ years of experience in execution of interest rate hedges in cash and derivatives market required.
Strong understanding of interest rates market and various derivatives instruments. Current involvement in LIBOR transition viewed favorably.
Advanced understanding of mortgage analytics as well as interest rate and prepayment models required.
Exhibits strong leadership skills and team building capabilities.
Excellent oral and written communication skills.
Strong academic performance and achievement. Undergraduate degree required. Quantitative master’s degree preferred, but not necessary.
Experience and proven track record of managing and motivating junior team members.
Job ID: 2019-1849
External Company Name: Bridge Property Management
External Company URL: https://www.bridgepm.com/
Street: 280 Park Avenue, 28th Floor West