VP​/SVP, Fund Finance Credit Underwriting

Overview About Us

Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, fund finance and other asset-based credit-related assets. The firm has invested through multiple credit cycles since its founding and manages capital on behalf of institutional investors alongside its own affiliated insurance company balance sheet.

Within the broader Bayview platform, the Fund Finance business provides structured financing solutions to private markets sponsors across NAV facilities, GP and management company financings, rated feeder and CFOs, and preferred equity structures.

Bayview is seeking a senior credit analyst and fund finance expert to lead underwriting for its primarily investment grade fund finance investments. Reporting to the Co-Heads of Fund Finance and located within the Insurance Asset Management (IAM) unit, the successful candidate will be responsible for the credit analysis, underwriting, and structuring of new transactions, as well as the ongoing credit oversight of the existing portfolio.

The role sets the credit underwriting standards applied across the platform, prepares the credit recommendation on each transaction, and works with sponsors, internal and external legal counsel, and rating agencies from initial screening through closing and post-closing surveillance. This is a senior position on a growing team, with responsibility for both the quality of the underwriting and the development of the analysts and vice presidents who support it.

The position will be filled at either the Senior Vice President or Vice President level, based on experience.

• Lead credit underwriting across the platform’s product set, including NAV facilities against single funds and secondaries portfolios, rated feeders and CFOs, GP and management company financings, preferred equity, and CRT / SRT structures.
• Own the credit standards and screening criteria applied across the portfolio, ensure they are documented and consistently observed, and determine early in the process which opportunities merit full diligence.
• Lead due diligence relating to sponsor quality, fund and vehicle structure, investment strategy and performance, governing documents, underlying asset quality, valuation policies, historical and projected cash flows, asset concentrations, LP exposure and commitments where relevant, borrowing-base or NAV collateral, liquidity needs, and exit / repayment sources. Perform capital structure, collateral, and cash flow analysis and identify factors that could adversely affect creditworthiness.
• Build out the analytical framework supporting the underwriting process, including cash flow and stress modeling, recovery and loss severity analysis, collateral valuation under stressed conditions, and internal ratings, drawing on the firm’s proprietary research and loan-level credit data.

• Work with Bayview’s legal team to identify structural risks and tailor transactions to enhance investor protections.
• Translate the credit view into executable transaction terms. Negotiate advance rates, collateral, covenants, cash flow mechanics, and legal documentation, with particular attention to whether the investment performs under stress.
• Direct the closing process across Bayview’s affiliated and external clients, coordinating legal, tax, compliance, and operations across both bilateral and syndicated transactions.
• Manage rating agency engagement for transactions that require a rating.
• Maintain pipeline and transaction records in Deal Cloud, KYC, and related systems, and strengthen onboarding and…