Analyst, Capital Markets

About the Company

Pagaya is building a leading artificial intelligence network to help partners grow their businesses and better serve their customers. As a global technology company, Pagaya makes life-changing financial products and services available to more people nationwide, reshaping the financial services ecosystem. Using machine learning, a vast data network, and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv.

About the Role

Capital Markets Analysts are an integral part of the Capital Markets team and will assist in the most critical aspects of Pagaya’s funding capabilities. This role represents an opportunity to grow alongside a burgeoning global financial technology company.

Responsibilities

• Involved in all aspects of the securitization and investment deal flow process, including all phases of the deal life cycle such as rating agency discussions, investor marketing material preparation, structural analysis, and return analysis
• Support all aspects of investor relationship management, including communicating the collateral profile of Pagaya ABS transactions, drivers of asset performance, developing marketing materials and investment thesis, due diligence, and supporting analytics
• Operational management of securitization transactions across consumer ABS
• Assist in the preparation and evaluation of securitization documents, including all legal and structural matters in conjunction with internal and external legal and the trading desk
• Perform ad-hoc collateral analysis of whole loan pools, net loss projections, and IRR/risk-return analysis
• Securitization vendor and partner management (review reports and data, document issues, due diligence)

Requirements

• 1-3 years of experience within the fixed income structured products space at a bank, accounting firm, rating agency, or buy-side firm
• Experience evaluating ABS/RMBS/CLO structures and associated modeling preferred
• Excellent written and verbal communication skills
• Advanced knowledge of Excel and PowerPoint
• A strong commitment to learning and a desire to engage with opportunities for growth
• Ability to manage multiple complex projects simultaneously, consistently delivering high-quality work products within tight and competing deadlines
• Meticulous attention to detail and ability to self-audit your work to ensure accuracy
• Bachelor’s degree required
• Experience analyzing large data sets preferred
• Knowledge of Intex, Intex DealMaker, and/or Bloomberg preferred
• Proficiency in SQL and a coding language such as VBA, Python, or Java is a plus
• Progress towards a CFA or CPA is helpful but not required

Pay

Compensation Range for New York Based Hires: $90,000—$125,000 USD. Pay ranges for candidates working in locations other than New York may differ based on the cost of labor in that location.

About the Team

Pagaya was founded in 2016 by seasoned research, finance, and technology entrepreneurs with headquarters in NYC and Tel Aviv. The team moves fast and smart, identifying new opportunities and building end-to-end solutions from AI models and unique data sources. Every Pagaya team member tackles new and exciting challenges daily in a culture based on partnership, collaboration, and community.

Values

• Continuously Learn: Challenge ourselves to improve as individuals, teams, and as an organization to deliver for our partners.
• Debate and Commit: Respectfully and openly debate to strengthen ideas and build shared conviction—once decided, go all in together.
• Dream Big and Act: Boldly tackle complex problems, pressure-test solutions in real-time, and adapt with speed and energy.
• Advance Inclusion: Create a world where everyone can win by designing systems that better represent people and generate sustainable value for employees, partners, and investors.
• Be Accountable Together: Proudly own actions and results, taking initiative to ensure work gets over the finish line as a team.

Benefits

Pagaya believes health, happiness, and productivity go hand-in-hand. The company continually enhances benefits programs and perks to support employees in doing their best work.