Senior Associate, Asset Management

Senior Associate

The primary focus of the Senior Associate will be to oversee the administration of our complex Third-Party servicing portfolio and contribute to the team by participating in and overseeing various duties related to the administrative, financial, capital and operations of the portfolio.

Essential Duties and Responsibilities:

• Track the pipeline of new third-party loan originations and coordinate their onboarding with other Departments within LSAM.
• Coordinate the onboarding of any new third-party portfolio acquisitions.
• Act as Liaison between Lument and third-party Clients.
• Create policies and procedures as needed for the third-party servicing portfolio.
• Work with other Departments and Lender Technology to build out Polaris to incorporate the tracking of reporting requirements for all third-party Investors.
• Build out the Polaris Risk module to incorporate the risk assessment for the third-party portfolio.
• Oversee the day-to-day servicing activities for the third-party portfolio of commercial mortgage loans.
• Monitor property performance through review of rent rolls, operating statements, YTD/Trailing financials, and borrower financial reporting.
• Monitor loan covenant compliance, including DSCR, NOI trends, lease reviews, occupancy thresholds, loan-to-value, covenant tests, and various other reporting requirements.
• Monitor physical condition of property collateral by reviewing or conducting property inspections.
• Prepare internal/external reporting packages for Investors.
• Coordinate receipt of any post-closing borrower requests/transactions, including loan assumptions, transfers of interest, easement agreements, etc.
• Review and approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Investor and established departmental guidelines
• Ensure all loan related system changes per specific loan documentation and/or Investor requirements are completed.
• Administer balloon and maturing loans per established guidelines
• Participate actively as a member of the team and seek to identify opportunities to create value, control costs and reduce risks in our portfolio
• Respond to all internal and external inquiries in a timely, accurate and professional manner and handle to conclusion.
• Assist management with special projects or any other duties as assigned related to department goals or as may be needed by the team.

Travel Requirements - 10 %.

Education, Skills and Experience: Required:

• Associates or Bachelor's degree preferred with a concentration in Finance, Real Estate, Management or Business desired.
• Minimum five to seven years of progressive experience in commercial mortgage servicing or commercial real estate asset management, with a strong emphasis on Life Company or institutional CRE lenders.
• Strong interpersonal skills demonstrated by an ability to communicate effectively with colleagues, clients (internal & external), and various regulatory and industry contacts
• Creative and effective problem-solving skills, excellent organizational and analytical skills
• Ability to work with and understand financial concepts and perform financial analysis on multifamily and healthcare loans
• An excellent customer service attitude
• 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 and 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

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.