Senior Associate, Asset Management - Agency Watchlist

Purpose And Job Summary

The Senior Associate will perform loan servicing activities for the GSE Asset Management – Agency Risk team. They will monitor loan performance, collateral condition, and protect the company from default. This role involves monitoring compliance with loan terms and government agency loan program guidelines, addressing financial/operational issues, and coordinating with various stakeholders.

Essential Duties And Responsibilities

• Maintain loan servicing files with detailed documentation in an organized manner
• Collect and analyze financials
• Communicate escrow analysis changes
• Deliver delinquency notices
• Process replacement reserve draws
• Independently process and document post-closing transactions including property management changes, collateral releases, assumptions, and transfers
• Independently process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvals
• Identify and assess loan risk and mitigants
• Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel
• Calculate quarterly specific reserve and analyze loss share liability
• Conduct and write up MBA property inspections independently and monitor deferred maintenance repairs
• Write up watchlist risk memos for quarterly risk meetings and present to senior management
• Work professionally and harmoniously with team and coworkers
• Travel 30%

Required Education, Skills and Experience

• More than 7 years of associate or equivalent experience
• Bachelor’s Degree in business administration, finance, accounting or related area
• MBA certified to independently conduct property inspections
• Comprehensive understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players
• Comprehensive understanding of PSA/SSA and agency loan agreements to understand loan terms, covenants, and remedies
• Comprehensive knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile
• Proficiency in Microsoft Office and list other relevant systems or software
• Excellent organizational, communication, presentation, and interpersonal skills
• Demonstrated ability to maintain confidentiality and use discretion in the performance of daily activities
• Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)
• Demonstrated ability to learn quickly and demonstrate ability to work independently and as part of a high-performance team
• Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment

Preferred Experience

• Working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing

Benefits

Life at ORIX We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work/life balance. You Time We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more. Family Care Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as: infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way. Flexible Work Arrangements ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement. ORIX USA is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.