Senior Associate, Asset Management - Agency Watchlist

Senior AssociateThe Senior Associate will perform the loan servicing activities of the GSE Asset Management – Agency Risk team to monitor loan performance, collateral condition, and to protect the company from default. This position helps to monitor compliance with loan terms and government agency loan program guidelines and works with other LSAM associates to address financial/operational issues to avoid or cure defaults. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing requests.Essential Duties and Responsibilities:Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements.

Tasks include but are not limited to: maintaining loan servicing files with detailed documentation in an organized manner, collecting and analyzing financials, communicating escrow analysis changes, delivering delinquency notices, and processing replacement reserve drawsResponsible for a portfolio size up to 40 loans with limited to complicated nonperforming characteristicsIndependently process and document post-closing transactions including property management changes, collateral releases, assumptions and transfersIndependently process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvalsIndependently identify and assess loan risk and mitigantsOrchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counselResponsible for calculating quarterly specific reserve and analyze loss share liabilityConduct and write up MBA property inspections independently and monitor deferred maintenance repairsWrite up watchlist risk memos for quarterly risk meetings and present to senior managementWork professionally and harmoniously with team and coworkersTravel Requirements – 30 %Other projects and duties as assignedEducation, Skills and Experience:Required:More than 7 years of associate or equivalent experienceBachelor's Degree in business administration, finance, accounting or related areaMBA certified to independently conduct property inspectionsComprehensive understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and playersAbility to independently analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent RollComprehensive understanding of PSA/SSA and agency loan agreements to understand loan terms, covenants, and remediesComprehensive knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcileProficiency in Microsoft Office and list other relevant systems or softwareExcellent organizational, communication, presentation, and interpersonal skillsAbility to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments and transactions simultaneouslyDemonstrated ability to maintain confidentiality and to use discretion in the performance of daily activitiesProfessional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance teamFlexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environmentPreferred:Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special ServicingLife at ORIXWe 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 TimeWe 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 CareEvery 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 ArrangementsORIX 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.