Associate, Asset Management

ORIX USA; Dallas (TX); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Associate to join their GSE Asset Management team. This role involves monitoring loan performance and ensuring compliance with loan terms and government agency guidelines. The ideal candidate will have a strong analytical background, excellent communication skills, and a passion for real estate. You'll work collaboratively with various stakeholders, manage loan servicing files, and coordinate loan workouts. This position offers a dynamic work environment with a commitment to employee well-being and a flexible work model, making it an exciting opportunity for those looking to advance their career in loan servicing.

Benefits

Competitive vacation policy

Floating personal holidays

Extensive leave options

Fully paid maternity leave

Generous parental leave benefits

Infertility coverage

Adoption support

Child and elder care support

Hybrid working model

Qualifications

• 3+ years of analyst experience required, preferably in real estate.
• Bachelor's degree in business, finance, or accounting is essential.

Responsibilities

• Monitor loan performance and compliance with agency guidelines.
• Coordinate post-closing transactions and loan workout activities.

Skills

Analytical Skills

Communication Skills

Organizational Skills

Interpersonal Skills

Real Estate Financial Analysis

Time Management

Confidentiality

Flexibility

Education

Bachelor’s Degree in Business Administration

Relevant Certifications (MBA test)

Tools

Microsoft Office

Job description

Purpose and Job Summary:

The 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 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.

Travel Requirements: 25%.

Education, Skills and Experience:

Required:

• 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 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.

Preferred:

• 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.

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.