Quantitative Analyst

Firm Overview

Balbec Capital (“Balbec”) is an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $35 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.

Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved, or fragmented markets.

Balbec’s funds rank among the largest issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding.

Balbec has invested in over 20 countries, selectively deploying capital into geographically and asset-diverse opportunities that exhibit attractive risk/reward profiles, upside potential, and substantial downside protection.

Job Description & Key Responsibilities

The Quantitative Analyst will join the Engineering team in New York/Atlanta and own critical production pipelines that connect Balbec’s proprietary operating platform to its accounting systems (FIS VPM). This is a coding-first role: the successful candidate will write and maintain production Python, own operational reliability of daily and weekly jobs, and develop enough practical GAAP / accounting fluency to validate mappings, timing mismatches, investigate reconciliation breaks, and escalate issues with clear evidence.

A successful candidate is a self-driven problem solver who can learn a complex codebase and asset class quickly, take ownership of recurring production work with minimal hand-holding, and permanently reduce manual effort.

Responsibilities include:

Near-term ownership (ramp / first 3–6 months)

• Own and improve US Residential data flow to VPM, including daily pushes of investment deployment, cash collections, and leverage activity
• Support and progressively own the Main Current Tape pipeline, including data integrity checks, exception handling, and process hardening
• Debug, document, and stabilize recurring production jobs; reduce daily/weekly manual intervention
• Partner with Investment Accounting to understand booking intent, validate platform ↔ VPM outputs, and flag inconsistencies with practical accounting judgment

Medium-term project work

• Support ongoing maintenance with respect to the US Residential mortgage portfolio by performing/managing the servicer remit ingestion, collection wire mapping, TPR data standardization, securitization remit booking logic, boarding / collateral / exception tracking, and related platform work
• Train users on newly built or transferred production workflows

Qualifications & Experience

Required:

• B.S. and/or M.S. in a quantitative or technical field (Computer Science, Information Systems, Mathematics, Engineering, or related) — or equivalent demonstrated production engineering ability
• Strong Python skills with comfort writing and maintaining production code (not scripts-only Excel automation)
• Strong Preference for 2–4 years of exposure to accounting systems, loan accounting, or middle-office / accounting operations work sufficient to understand the difference between various dates (cash, trade, settlement, effective), loan activity types (discount/premium, interest/fees, principal) and a willingness to work collaboratively on common reconciliation breaks (CPA not required)
• Strong SQL and data manipulation skills (joins, aggregations, reconciliations, exception queues)
• Solid understanding of algorithms / computational efficiency and attention to detail in financial data
• Ability to own recurring production processes end-to-end and communicate clearly with Engineering and Accounting stakeholders

Preferred:

• Hands-on experience with portfolio accounting systems (FIS VPM, Advent Geneva, Sentry PM or similar)
• US residential mortgage, RMBS, or loan tape experience
• Experience with relational database design and production data pipelines
• Full-stack familiarity (helpful, not required)
• Proficiency with Excel for investigation and stakeholder delivery

Equal Employment Opportunity

Balbec Capital LP is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline and termination.

Disclaimer for External and 3rd Party Recruiters:

Please note that Balbec Capital does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at [email protected]. We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of Balbec Capital without any obligation to pay referral fees. Thank you for your cooperation.