Senior Associate, Asset Management - Agency Watchlist

Purpose and Job Summary The 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. 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 a portfolio size up to 40 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 Independently identify and assess loan risk and mitigants Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel Responsible for calculating 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 Requirements – 30 % Other projects and duties as assigned 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 draws Responsible for a portfolio size up to 40 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 Independently identify and assess loan risk and mitigants Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel Responsible for calculating 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 Requirements – 30 % Other projects and duties as assigned 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 Ability to independently analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll 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 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 Preferred Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing 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. Company: ORIX USA #J-18808-Ljbffr ORIX Corporation USA