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.

Position Summary

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.

Responsibilities

Underwriting & Credit

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.

Structuring & Execution

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 deal administration as volume grows.

Credit Recommendation & External Engagement

Prepare and present rigorous written credit recommendations, setting out the risks, mitigants, structural protections, and downside considerations relied upon, and defend the recommendation on its merits before the Co-Heads, including where the recommendation is to decline. Support the Co-Heads in presenting to the firm’s Investment Committee.
Function as a principal point of contact for sponsors, counsel, capital partners, and rating agencies through diligence and negotiation, and represent the firm in the market as appropriate.

Portfolio Surveillance & Risk

Maintain surveillance over closed positions, including covenant and borrowing base monitoring, periodic re-underwriting and credit reviews, watchlist management, and quarterly reporting to the Co-Heads and the firm’s risk committees.
Evaluate amendments, waivers, consents, and refinancings. Where credit quality deteriorates, lead the assessment of remedies and the firm’s response.

Leadership & Team Development

Supervise and develop the vice presidents and analysts supporting underwriting, with close review of their credit work.
Strengthen the governance around deal approval and allocation as the business scales and participate in hiring for the underwriting team.

Cross-Platform Collaboration

Coordinate with the broader IAM, Asset-Based Finance and Research teams so that credit underwriting priorities and transaction structure reflect investor mandates, risk appetite, portfolio constraints, and applicable insurance-capital considerations. Contribute to underwriting policies, market intelligence, product development, and best practices as the platform evolves.

Qualifications

Bachelor’s degree in a related field of study. An advanced degree is welcomed.
Eight to fifteen years of credit underwriting and investment experience in asset-based finance / structured credit, with a strong emphasis on evaluating fund finance deals, gained at an asset manager, insurance company, or credit fund.
Superior, current knowledge of the GP / sponsor universe and deep understanding of the broader private equity and private credit markets are required, with substantive professional experience evaluating sponsors, funds, investment strategies, portfolio construction, performance, and financing structures across all three.
Demonstrated ownership of fund finance transactions through the full credit cycle, from screening and sponsor / fund diligence through approval, structuring, closing, and subsequent management.
Experience spanning several fund finance product types is required, as is familiarity with rating agency methodologies and processes.
Direct experience reviewing and negotiating credit agreements, fund governing documents, and related transaction documentation with sponsors and external counsel, including identifying legal and structural provisions that materially affect credit risk; and the standing to represent the firm with sponsors, rating agencies, and institutional capital partners.
Experience managing a credit through deterioration, restructuring, or workout, and experience supervising and developing junior investment professionals.
Experience with insurance company investment constraints, NAIC designations, regulatory capital treatment and investment grade underwriting rigor preferred.

Skills

Advanced financial modeling and quantitative credit analysis, including capital structure, collateral and cash flow analysis, downside case construction, stress testing, recovery analysis, and the ability to synthesize the creditworthiness of complex fund and financing structures.
Strong negotiating ability, commercial judgment, and the presence to represent the firm independently with sponsors and capital partners, including the ability to challenge assumptions and transaction terms while maintaining constructive senior relationships.
Sound independent judgment on risk and structure, and the conviction to decline transactions that do not meet the firm’s standards.
Proficiency in DealCloud and advanced proficiency in Excel. Familiarity with data visualization and automation tools is an advantage.

Certifications, Licenses, and/or Registration

CFA, CPA, or a comparable credential is welcomed but not required.

Location and Compensation

The preferred location for this role is Bayview’s New York or Morristown, NJ office.
This role is hybrid.
Compensation will reflect experience and market and will be finalized by Human Resources. Base compensation is expected to be $200,000 - $320,000, with opportunity for incentive compensation.

EEOC

Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence, and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.

About the company

Bayview Asset Management invests in home loans, consumer loans, and commercial credit for its clients through managed funds and accounts. It buys whole loans, which are individual loans bought outright, and securities backed by pools of loans, with teams that find, vet, and manage each investment. Its affiliated lenders and loan servicers connect its investment platform to borrower operations, supplying market insights, data, analytics, and access to deals across credit markets. It also owns mortgage servicing rights, which earn fees for collecting borrowers' monthly payments. Bayview was founded in 1993 and is based in Coral Gables, Florida.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Coral Gables, FL

Founded

1993

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Simplify's Take

What believers are saying

Bayview affiliates purchased $333 million of Upstart Auto assets in February 2026.
Bayview completed its $1.3 billion Guild acquisition in November 2025, adding an established mortgage lender.
Bayview's senior valuation role permits fully remote work with a $110,000 to $150,000 base salary range.

What critics are saying

A court approved Bayview's $26 million settlement over its servicing subsidiaries' data breach in July 2026.
Bayview's valuation role requires most evaluations within two to four hours, mainly on assets exceeding $10 million.
Bayview's benefits specialist assignment lasts six months, combining UKG administration with Workday implementation testing.

What makes Bayview Asset Management unique

Bayview affiliates share Castle Trust Bank ownership equally with Sixth Street following the August 2026 acquisition.
Bayview has asset management offices in New York, London, Geneva and Luxembourg beyond its Florida headquarters.
Bayview's Financial Institutions Group structures significant risk-transfer transactions through direct coverage of North American banks.

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Benefits

Remote Work Options
Health Insurance
401(k) Company Match

Company News

HookPhish

Aug 28th, 2026

Ransomware Group ShadowByt3$ hits: Bayview Real Estate WARNING.

Ransomware Group ShadowByt3$ hits: Bayview Real Estate WARNING. HookPhish team Target organization Bayview Real Estate WARNING pm.livable.com Retail & E-Commerce Summary. In the latest cybersecurity news, Bayview Real Estate WARNING - an organization based in US - has fallen victim to a ransomware attack conducted by the group ShadowByt3$. This data breach, discovered on Aug 28, 2026, 06:52 UTC, underscores the increasing need for proactive cybersecurity defenses as HookPhish continue through 2026. Incident report. | Target Organization | Bayview Real Estate WARNING | | Threat Group | ShadowByt3$ | | Summary | Check your emails or HookPhish will leak the data HookPhish is not bluffing HookPhish stole 216.6 MB. compromised email: [email protected] compromised site: https://pm.livable.com The following emails below check your emails or spam for proof - [email protected] - [email protected] - [email protected] - [email protected] - [email protected] Your company has till August 29th 2026 to respond back or it gets leaked but can get extended to monday if your company responds back and negotiates. | | Date of Breach | Aug 28, 2026, 06:51 UTC | | Discovery Date | Aug 28, 2026, 06:52 UTC | | Region | US | | Target Domain | pm.livable.com | | Business Sector | Retail & E-Commerce | How to reduce your ransomware risk. Most ransomware intrusions start with a stolen password or a phishing email. A few proactive steps sharply cut your exposure: * data breach monitoring - close the gap attackers exploit. * phishing simulation - close the gap attackers exploit. Disclaimer. HookPhish does not engage in the exfiltration, downloading, taking, hosting, viewing, reposting, or disclosure of any stolen information. All breach data reported here is sourced from publicly available threat intelligence feeds for awareness purposes only.

Clifford Chance

Aug 6th, 2026

Clifford Chance acts as lead transaction and consortium counsel to Sixth Street and Bayview Asset Management on their joint acquisition of Castle Trust Bank from J.C. Flowers and Co.

Clifford Chance acts as lead transaction and consortium counsel to Sixth Street and Bayview Asset Management on their joint acquisition of Castle Trust Bank from J.C. Flowers and Co. 6 august 2026. Global law firm Clifford Chance has acted as lead transaction and consortium counsel for Sixth Street, a leading global investment firm, and Bayview Asset Management ("Bayview"), a global alternative investment management firm, on their joint acquisition of Castle Trust Bank ("Castle Trust") from J.C. Flowers and Co. Castle Trust is a UK specialist bank serving nearly 170,000 customers. Founded in 2012, Castle Trust began by offering specialist mortgage finance and investment products. It broadened into point-of-sale retail finance in 2017 with the acquisition of Omni Capital Retail Finance and now provides a range of services spanning savings and Cash ISA accounts, specialist bridging and term mortgages, and retail finance. As equal partners, Sixth Street and Bayview combine their significant financial strength and deep expertise in credit markets and asset-based finance to fuel growth across the business, including expanding Castle Trust's retail savings franchise, broadening its product offering and attracting additional customer deposits The Clifford Chance team was led by partners Richard Crosby and Neil Barlow, with support from senior associates Madeleine McIntosh, Joshua Reynolds, Joshua Higgins and Louise Murray and associates Cristina Rice and Ross Nixon. Partner Simon Crown and associate Joe Paddon led on the Financial Regulation aspects of the transaction.

Cherry PLC

Aug 3rd, 2026

Castle Trust Bank is Acquired by Sixth Street and Bayview

Castle Trust Bank (“Castle Trust Bank” or “the Bank”), a specialist bank serving nearly 170,000 customers, today announced it has been acquired by vehicles backed by Sixth Street, a leading global investment firm, and affiliates of Bayview Asset Management ("Bayview"), a global alternative investment management firm, from J.C. Flowers & Co, a private equity firm solely focused on financial services.

Bridging Loan Directory

Aug 3rd, 2026

Sixth Street and Bayview acquire Castle Trust Bank.

Sixth Street and Bayview acquire Castle Trust Bank. Castle Trust Bank ("Castle Trust Bank" or "the Bank"), a specialist bank serving nearly 170,000 customers, today announced it has been acquired by vehicles backed by Sixth Street, a leading global investment firm, and affiliates of Bayview Asset Management ("Bayview"), a global alternative investment management firm, from J.C. Flowers & Co, a private equity firm solely focused on financial services. As equal partners, Sixth Street and Bayview bring significant financial strength, deep expertise in credit markets and asset-based finance, and a long-term investment horizon well-suited to support financial institutions through periods of growth and transformation. Castle Trust Bank will continue to be led by its experienced management team, including Chief Executive Officer Martin Bischoff, supported by a robust, tech-enabled platform built for scale. In addition, Sixth Street and Bayview have agreed to commit additional capital to fuel growth across the business, including expanding the Bank's retail savings franchise, broadening its product offering, and attracting additional customer deposits, while deepening its commitment to specialist property and retail finance through its Omni Capital Retail Finance business. These initiatives also position the Bank to pursue potential inorganic asset opportunities at an attractive time in the market cycle. "This investment from Sixth Street and Bayview is a strong endorsement of our strategy, our people, and our future potential," said Mr. Bischoff. "Bridging Loan Directory has grown customer savings balances to more than £1.6 billion, built a specialist property finance loan book of more than £1.1 billion and a retail finance loan book exceeding £200 million - establishing a strong platform for future growth. With the backing of its new shareholders, Bridging Loan Directory is well placed to invest in its customer proposition, expand across retail savings, specialist property and retail finance, and pursue additional growth opportunities while maintaining a disciplined focus on risk and delivering sustainable outcomes for customers, colleagues, brokers, retailers, and partners." "We look forward to working with Martin and the highly seasoned management team to support Castle Trust Bank in continuing to deliver the exceptional service its customers expect," said Masashi Washida, Managing Director, Asset Based Finance at Sixth Street. "Together with Bayview, we believe the Bank's experienced leadership and its robust, well-established risk and technology platform create a strong foundation for sustainable growth and scalable operations at an attractive time in the market." "Castle Trust Bank has built an impressive reputation for customer service, specialist expertise, and prudent growth," said Pierre Lussato, Managing Director at Bayview. "We look forward to supporting the Bank's continued growth across savings, specialist lending, and retail finance, while it delivers innovative products and excellent customer outcomes."

Realty Wire

Jul 27th, 2026

Bayview, Morgan family office take majority stake in mortgage bank BWE.

Bayview, Morgan family office take majority stake in mortgage bank BWE. Bayview Asset Management and Springmont Capital, the Morgan family's investment office, are acquiring a majority stake in commercial mortgage bank BWE, with CEO DJ Effler staying on and the deal expected to close this fall. BWE, a national commercial and multifamily mortgage banking company, has signed a definitive agreement to sell a majority interest to a fund managed by Bayview Asset Management and to Springmont Capital, the private investment office of the Morgan family, according to a joint announcement posted on BWE's website. The deal gives an asset manager with roughly $44.7 billion under management, alongside one of the country's largest multifamily landlords, a direct ownership stake in a commercial mortgage banking and servicing platform. Bayview MSR Opportunity (US) Master Fund, L.P. will become BWE's majority owner once the transaction closes, with Springmont Capital taking a minority position, BWE said. BWE's existing management team will retain what the company described as a significant minority ownership stake, and CEO and President DJ Effler will continue to lead the company under its current brand. Why it matters. The transaction lands as commercial real estate lenders navigate a market still working through higher interest rates and slower deal volume. Large banks have begun returning to commercial real estate lending after pulling back in prior years, and multifamily developers have throttled new supply in some markets - Las Vegas's apartment construction pipeline recently fell to a four-year low, for instance. Against that backdrop, a credit-focused investment manager and a family office built on apartment ownership are betting on ownership of loan origination and servicing capacity rather than just the buildings or the debt itself. BWE, previously known as Bellwether Enterprise, operates more than 40 offices nationally and connects borrowers with lenders for commercial and multifamily acquisitions, refinancing and development, according to the company. BWE said it has posted "record" loan production growth across market-rate and affordable housing in recent years and has expanded its loan servicing portfolio, though it did not disclose specific loan volume, servicing balance or employee figures in its announcement. Terms of the transaction, including price, were not disclosed. "BWE has achieved strong growth in recent years and sought strategic partners who can further strengthen our offerings," Effler said in the announcement. "Our new partnership positions BWE for long-term expansion and enables us to continue bringing our clients the best capital solutions." He added that the company's "mission remains unchanged: to be the preferred provider of CRE capital to middle and upper middle-market clients across the country." Bayview Asset Management is a credit-focused investment manager that invests across residential, commercial and consumer credit, including mortgage servicing rights, whole loans and asset-backed securities, the company said. Springmont Capital is the private investment arm of the Morgan family, which owns Morgan Properties, a Pennsylvania-based multifamily owner the company describes as one of the largest privately held apartment operators in the country. The Morgan family also holds minority ownership stakes in the NFL's Washington Commanders and MLB's Philadelphia Phillies, according to the announcement. Wells Fargo served as exclusive financial advisor to BWE on the transaction. White & Case LLP acted as legal counsel to BWE, while Mayer Brown LLP advised the Bayview fund and Springmont Capital, according to a statement from White & Case. The deal is expected to close in fall 2026, subject to regulatory approval and other customary closing conditions, BWE said. What it means. The confirmed facts: an asset manager and a multifamily-focused family office are together taking control of an independent commercial mortgage banking platform, while its existing leadership and producer network stay in place under the same brand. Neither side has disclosed a purchase price or valuation, so the deal's financial scale relative to BWE's origination and servicing business is not yet public. Beyond what the companies have confirmed, the structure signals a broader pattern of capital providers acquiring stakes in the origination and servicing firms that feed them loans, rather than simply buying loans or properties outright - giving an investor like Bayview more direct visibility into deal flow and giving a landlord like Morgan Properties a seat closer to the financing side of its own industry. That interpretation is RealtyWire's read of the deal structure and has not been confirmed by either company. What to watch. Regulatory approval and other closing conditions will determine whether the deal closes on the companies' targeted fall 2026 timeline. It's also worth watching whether BWE discloses financial terms as the transaction progresses, whether producer and staff retention holds up through the ownership change, and whether the deal prompts similar moves by other asset managers or large multifamily owners looking to acquire commercial mortgage banking platforms rather than just borrow from them.

Bayview Asset Management

VP / SVP Fund Finance Credit Underwriting

About the job