Senior Associate, Asset Management - Agency Watchlist

ORIX Corporation USA · Overland Park, KS · 4 wk ago

HybridOTHRFull-time

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

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