Waverly Credit Partners ยท 2 weeks ago
Credit Associate
Philadelphia, PA
Full-time
Hybrid
Mid, Senior Level
$100K/yr - $120K/yr
3+ years expWaverly Credit Partners is building a private credit platform focused on manufactured housing chattel loans. They are seeking a Credit Associate to manage execution, analytics, and process while collaborating closely with the founder on various diligence and reporting tasks.
Financial Services
Responsibilities
Ingest loan tapes from originators and servicers and normalize to a consistent schema
Build repeatable QA checks (missingness, outliers, reconciliations, duplicates, field definition drift)
Maintain a clean data dictionary and version-controlled tape history per deal
Own the diligence tracker end-to-end: requests, follow-ups, exceptions, cures, and audit trail
Coordinate with sellers, servicers, custodians, and third-party reviewers (founder signs off on external comms)
Maintain a closing checklist and ensure deliverables are complete and internally consistent
Produce cohort and static pool reporting: delinquencies, roll rates, defaults, severities, recoveries, prepayments
Build strat tables and exhibits that drop directly into IC memos, lender packs, and investor materials
Maintain monthly portfolio reporting templates and concise 'what changed' summaries
Implement eligibility tests, concentration limits, haircuts, and trigger monitoring
Prepare lender diligence packages: tape mapping, reconciliations, servicing report ties, and collateral file exception summaries
Qualification
Required
3 to 7 years of experience in specialty finance, credit operations, structured credit, warehouse lending, servicer analytics, whole loan diligence, or adjacent fields
Demonstrated experience cleaning imperfect loan-level datasets and building controls so they stay clean
Strong Excel skills required (SQL or Python is a plus, not required)
Comfort operating in a lean environment with ambiguous inputs and tight timelines
High attention to detail, sound judgment, and clear written communication
Preferred
Experience working with multiple originators and inconsistent servicing data
Consumer ABS, whole loan trading, specialty finance warehouses, or servicer reporting packages
Borrowing base mechanics, eligibility testing, covenant monitoring, or collateral file review
Benefits
Benefits included
Salary-forward compensation, with discretionary annual bonus
Meaningful long-term incentive in the form of profits interest, subject to vesting
Company
Waverly Credit Partners
Waverly is a private credit platform focused on manufactured housing chattel loans.
0-1 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase