Asset Manager

  • Job Role

  • Location

    New York City, Austin, Los Angeles, or Remote
  • Department

  • Salary

    $ 125,000 - $225,000 OTE salary dependent on multiple factors, which may include the successful candidate's skills, experience and other qualifications.

About the role:

Setpoint is building the next-gen infrastructure for real estate and asset-backed lending. 

Setpoint provides purpose-built capital and technology to asset-backed borrowers and lenders. Our platform is the funding operating system for originators: it verifies and stores documents; automates interest rate calculations; and digitizes assets like homes or autos. Setpoint’s technology makes warehouse transactions instant and error free.

Our capital is custom-tailored to the needs of the fast growing proptech sector focused on single family residential assets and to date Setpoint has funded over $2bn in debt capital. We aspire to make credit more widely available and the underlying assets and loans more liquid, because when credit is widely available, flexible, and inexpensive more consumers can participate in home ownership.

In December 2022, Setpoint announced a $43M Series A led by Andreessen Horowitz with participation from Stonecroft, 75andSunny, FifthWall, 645 Ventures, NextView Ventures, LiveOak Venture Partners, Vesta Ventures, and ATX Venture Partners. The company also announced that it is on track to power 25,000 home transactions this year and expects to power more than 100,000 in 2023 via SFR, iBuying, Power Buying, Fractional Ownership, Rent-to-Own, and other transactions that make buying, selling and renting a home easier, faster and more accessible.

Setpoint is looking for a Asset Manager to join our team!

This is an opportunity to have a big impact and partner with multiple functions across the organization. The ideal candidate will bring to bear their own asset management expertise on Setpoint’s existing data-driven, technology enabled portfolio management practices. They will collaborate with internal and external stakeholders, and welcome the dynamic environment that comes with a fast growing company. This role reports directly to the Managing Director of Investments.

Who will love this job:

  • A doer - you have a strong bias towards action and a 'get it done' mentality
  • A data-driven thinker - you can use data and analysis to drive decision making
  • A great communicator – you possess excellent written and verbal communication skills and attention to detail
  • A multi-tasker – you can manage multiple priorities and execute them effectively within their deadlines
  • A problem-solver - you can quickly get to expert status in new areas, understand what’s most important and solve problems
  • A process driver - you can pick up complex systems and design repeatable solutions

What you’ll do:

  • Work closely with Setpoint's data scientist to create reporting and other analytic tools, including on borrower specific stress tests and market analysis
  • Develop and implement tools used to actively monitor risk and exposure to single family residential collateral in Setpoint's loan portfolio
  • Develop and implement tools to monitor and assess the health and risk profile of Setpoint's borrowers
  • Create relationships with borrowers and assist with ad-hoc requests and communication
  • Monitor, analyze, and report on the broader market to inform existing investments as well as new originations
  • Collaborate with the Investments team, including on the underwriting process and modeling investment and portfolio-level risks and returns
  • Collaborate with the Operations team, including collecting and analyzing borrower performance data

You should have:

  • 3-7 years' experience in structured credit (risk, investments, asset management)
  • Ability to take lead on projects, develop and pursue your own viewpoints with minimal supervision, and bring an ownership mentality to their work
  • Analytical background (math, computer science, or statistics) is preferred
  • Proficiency with SQL and querying relational databases is a plus
  • Experience with dashboard tools (e.g., Tableau, Spotfire, Power BI, Looker) is preferred
  • Experience working at an alternative investment manager is a plus

Who we are:

Setpoint is both a credit fund and a technology platform that’s purpose built for real estate and asset-backed lending. Setpoint has deployed over $2B of capital and is on track to power 100,000 home transactions in 2023. Setpoint Technologies is a c-corp technology platform that earns SaaS and transaction fees. The company was formed in 2021.

For all our employees, we offer a full slate of benefits from competitive salaries, to stock options, medical, dental and vision coverage, disability coverage, and flexible vacation. Setpoint has offices in New York and Austin, and we’re currently hiring remote team members.

Setpoint provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.