Associate – Asset Management
| Company | ORIX |
|---|---|
| Location | Dallas, TX, USA, Columbus, OH, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level |
Requirements
- More than 3 years of analyst or equivalent experience
- Bachelor’s Degree in business administration, finance, accounting or related area
- Pass MBA test to be certified to conduct inspections and shadow at least 10 inspections
- General understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players
- Ability to analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll
- Basic 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
- Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments ant transactions simultaneously
- Demonstrated ability to maintain confidentiality and to 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)
- Ability to learn quickly and demonstrated 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
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 draws
- Responsible for medium portfolio size up to 20 loans with limited to complicated nonperforming characteristics
- 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
- Coordinate and participate in loan workout activities with borrowers, operators, management agents, agencies, and legal counsel
- Conduct MBA property inspections with supervision and monitor deferred maintenance repairs
- Work professionally and harmoniously with team and coworkers
- Other projects and duties as assigned
Preferred Qualifications
- Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing
- General understanding of PSA/SSA, agency multifamily servicing guides, and agency loan agreements
- Basic knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile