About Sixth Street Asset Based Finance
Sixth Street Asset Based Finance focuses on asset/platform investing and origination across finance markets, including commercial and residential mortgages, renewables and energy finance, consumer asset classes, infrastructure debt, transportation, and commercial equipment. Our Asset Based Finance business works closely with the firm’s Insurance platform, Talcott Financial Group. The Asset Based Finance team invests across the capital structure, from IG-like risk utilizing insurance pockets and mezzanine and equity risk across various mandates and funds. Structures of transactions vary and include CUSIPs, warehouse facilities, forward flows, pool purchases, joint ventures, and more. Asset Based Finance is a key driver of our capabilities as a strategic capital partner to companies and management teams and a solutions provider at scale.
The Role
This role is an Asset Management position within the Asset Based Finance (“ABF”) business at Sixth Street. The position entails portfolio credit/risk analytics, tape cracking, valuations, and reporting, with a primary focus on asset-backed financing, securitization transactions, and lending platform investments across asset classes including mortgage, consumer, commercial, and real estate. The role also includes the build out of some of the related technical infrastructure necessary to automate and advance the related ABF applications associated with portfolio management. Candidates should have strong quantitative, interpersonal, and writing skills, superior academic credentials as well as the ability to work collaboratively as part of a team.
Core Responsibilities
- Work with Deal Teams to transition deal information upon closing into various asset management applications and set up ongoing asset management operations, risk analytics and monitoring
- Work with Deal Teams, Operations, Accounting and others to populate and report on Pipeline/Liquidity Management, Deal Database, and other applications
- Assist with preparing and presenting materials for monthly and quarterly Portfolio Reviews and Valuation Committee Meetings
- Analyze loan pools (“tape cracking”) for asset purchases/sales or lending using CAS and/or Tableau
- Run cashflow models for portfolio reviews, valuations, accounting needs, and client reporting
- Automate portfolio monitoring and improve capturing of proprietary data. Build automated risk dashboard/packs for the ABF business
- Contribute to the development of foundational software and infrastructure that can be leveraged to scale the ABF business
- Monitor and ensure connectivity front to back with any infrastructure development
Preferred
- Knowledge of ABS asset class(es) and/or mortgage loans, and the securitization of those asset classes
- Strong quantitative and financial background (Bachelor’s or more advanced degree in a STEM field)
- At least 2+ years of coding experience in a client-centric environment, particularly in Python, SQL, Java, JavaScript, C++, MATLAB, or equivalents
- Financial mathematics & capital markets experience
- Experience onboarding, evaluating, and cleaning newly acquired datasets
- Experience delivering insights (using Tableau, Alteryx, Power BI or other appropriate BI, analytics, visualization tools) from a broad range of datasets
- Highly motivated, entrepreneurial, strategic and team-oriented mindset
- Excellent written and oral communication skills
- Commercial and Results Orientated - Ability to connect and speak clearly with technical and non-technical audiences is a must
- Team orientation and influencing skills
- High integrity and trustworthy
About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth.
Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams.
We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world. We believe our commitment to diversity, equity, and inclusion is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.
From how we conduct business to how we engage in our communities, everything we do at Sixth Street is rooted in our commitment to our core value:
- Cross-Platform: We think across the business and avoid silos at all costs.
- Responsibility: We are accountable for our business, to our team, and to our communities.
- Ethical: We are ethical and direct in word and deed.
- Action: We initiate, execute, and deliver results.
- Teamwork: We are better together.
- Entrepreneurship: We seek to innovate both inside and outside our business.
For more information, visit the Sixth Street Careers site or follow us on LinkedIn.
Sixth Street is proud to be an Equal Opportunity employer and we encourage people from underrepresented backgrounds to apply. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran status, disability, or other applicable legally protected characteristics.
If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara (cbombara@sixthstreet.com).
Please refer to the privacy notice on our website for additional information regarding our obligations under the California Consumer Privacy Act (“CCPA”).
