Operations Associate at Selina Finance

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Mortgage, Real EstateIndustries

Requirements

Bachelor's degree in accounting/finance, or equivalent business experience
3-5 years of experience
Self-starter comfortable operating in a dynamic, entrepreneurial environment with evolving roles and responsibilities
Strong attention to detail
Effective verbal and written communication skills
Ability to prioritize and maintain a large volume of multi-faceted work
Ability to be flexible and adapt to a fast-paced and changing business environment
Preference: Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation or MBA degree
Strong preference: Relevant residential mortgage loan / REO accounting and operations experience
Preference: SQL knowledge
Microsoft Office skills (particularly strong in Microsoft Excel)

Responsibilities

Prepare and reconcile the remittance information for the Pretium residential credit funds, including separately managed accounts (interim servicing reconciliation, monthly cash tie out, data validations)
Liaise with IT/data to automate/enhance processes
Assist with the Selene remittance and support process improvement (work with Selene investor reporting on validation procedures, data enhancement, automation)
Act as settlement contact on all deals (mortgage pool closings/repurchase agreements, securitizations, EBO repoolings, wire setup)
Complete all new account setups (know-your-client requests, document requests)
Conduct the monthly financing rolls for the Pretium residential credit funds (whole loans, securities, swaps, securitization tie outs)
Load all information into the internal SQL database
Provide the fund administrator/fund accounting with supporting schedules for trial balance tie out

Skills

Key technologies and capabilities for this role

Remittance ProcessingAccount ReconciliationMortgage ServicingSecuritizationsRepurchase AgreementsFinancing AdministrationData ReconciliationLarge Datasets

Questions & Answers

Common questions about this position

What is the salary for the Operations Associate position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills are required for the Operations Associate role?

The role requires strong attention to detail and organizational skills, the ability to work with large complex datasets, and being inquisitive, a self-starter comfortable in a dynamic fast-paced entrepreneurial environment.

What is the company culture like at Selene?

Selene seeks employees with a positive attitude, proven creative thinking and actions, and values those who want to make a difference in a dynamic, fast-paced, and entrepreneurial environment.

What makes a strong candidate for this Operations Associate position?

A strong candidate can perform essential duties with the ability to prioritize and maintain a large volume of multi-faceted work, be flexible and adapt to a fast-paced environment, and have familiarity with mortgage-related operational processes like remittances and financing administration.

Selina Finance

Flexible home equity lending solutions

About Selina Finance

Selina Finance offers flexible lending solutions for homeowners in the UK, focusing on home equity lending. Their main products include a Home Equity Line of Credit (HELOC), which allows borrowers to access funds against their property equity and only pay interest on the amount used, and a Homeowner Loan, which provides a fixed sum upfront. Unlike other lenders, Selina Finance's HELOC offers unique flexibility in borrowing amounts over the first five years. The company's goal is to help homeowners finance large purchases by leveraging the equity in their homes at competitive interest rates.

London, United KingdomHeadquarters

2019Year Founded

$50.4MTotal Funding

SERIES_BCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Risks

Rising UK interest rates could make Selina's loans less attractive to borrowers.

Increased competition from fintechs may erode Selina's market share.

Potential UK regulatory changes could increase compliance costs for Selina Finance.

Differentiation

Selina Finance offers the UK's first Home Equity Line of Credit (HELOC).

Their HELOC product provides flexible borrowing against home equity, unique in the UK market.

Selina Finance combines real estate, finance, and technology for next-generation lending solutions.

Upsides

Partnership with Legal & General expands access to a large network of mortgage advisers.

Recent $150M Series B funding boosts Selina's capacity for growth and product development.

Increased demand for flexible financial products aligns with Selina's offerings.

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