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Weitz Investment Management · 3 months ago

Structured Credit Analyst-Residential Mortgage-Backed Securities (RMBS)

Omaha, NE

Full-time

Hybrid

Mid Level

3+ years exp

Weitz Investment Management is a boutique, employee-owned asset management firm seeking a mid-level Structured Credit Analyst with a focus on Residential Mortgage-Backed Securities (RMBS). The role involves sourcing, evaluating, and modeling fixed income investment opportunities, conducting credit research, and supporting portfolio managers to deliver strong risk-adjusted returns.

Real Estate

Responsibilities

Perform rigorous bottom-up fundamental and structural analysis on a wide range of RMBS products, including: Legacy senior and mezzanine bonds, Non-QM and RPL/NPL deals, CRT (Credit Risk Transfer) securities, 2nd lien, HELOC, Excess Servicing, IO/PO tranches, and Residual/NIM and Re-REMIC structures

Analyze deal structure, waterfall, triggers, and prepayment behavior

Evaluate servicer and collateral performance; monitor key risk metrics (e.g., CPR, CDR, severity, delinquency trends)

Provide research and investment write-ups on RMBS opportunities

Develop and maintain surveillance tools and relative value dashboards

Support portfolio managers in security selection, allocation strategy, and monitoring of existing holdings

Build and maintain cash flow scenarios, run sensitivity analysis, and stress test outcomes under varying macroeconomic conditions

Leverage proprietary models and external vendor tools to analyze valuation and relative value spread positioning

Construct scenario-based analytics to evaluate upside/downside risks across capital structures

Demonstrates an ability to evaluate the entire capital structure and communicate the strengths and potential pitfalls of an investment idea and actively participates in group discussions to generate value-added ideas

Build internal and external relationships with colleagues, sell-side traders and bankers, rating agencies, issuers, industry experts and other sources to collect additional insights on market, industry, asset class and issuer credit developments

Work closely with senior PMs and other members of the fixed income team to align on portfolio strategy and positioning

Partner with operations, compliance, and technology teams to ensure accurate implementation of trade ideas and monitoring systems

Qualification

Structured finance experienceRMBS analysisCash flow modelingMicrosoft ExcelBloombergSecuritization frameworksEthicsCuriosityImprovementCommunication skillsTeam collaborationIntegrity

Required

3-5 years of experience in structured finance, preferably with a focus on RMBS sectors at a buy-side firm, sell-side research desk, or securitized products group

Hands-on experience analyzing non-agency RMBS deals across legacy, Non-QM, and CRT subsectors

A passion for investing, high degree of curiosity, and drive for continuous improvement

A desire to work in a collaborative team-oriented environment and openness to discussing, sharing and debating investment ideas

Strong understanding and ability to work in Microsoft Excel, and Bloomberg

Strong understanding of RMBS deal documentation, cashflow modeling, and loan-level performance analytics

Knowledge of securitization frameworks including REMIC, Re-REMIC, and key credit enhancement features

Strong oral and written communication skills

Bachelor's degree in a quantitative, analytical, or finance-related field (Engineering, Math, Economics, Finance). CFA designation or active progress toward the charter preferred

Sound ethics and integrity

Ability and willingness to travel in support of essential functions listed above