Associate, Asset Manager- FNMA

ORIX Corporation USA; Columbus (OH); On-site; USD 45,000 - 113,000; Full time

Job summary

A leading company in financial services is seeking an Associate Asset Manager to deliver outstanding service in managing a portfolio of Fannie Mae loans. Responsibilities include monitoring property conditions, analyzing financial operations, and ensuring compliance with loan documents. The ideal candidate will possess strong problem-solving abilities and effective communication skills, with a background in finance or real estate. Comprehensive benefits and a competitive salary are offered for this entry-level position.

Benefits

Competitive benefits package

Flexible work arrangements

Time off policies

Parental leave benefits

Qualifications

• 1-2 years in commercial mortgage servicing or real estate asset management preferred.
• Strong communication and customer service skills.
• Ability to analyze financial concepts.

Responsibilities

• Monitor condition of property collateral and follow up on repairs.
• Collect and analyze financial operations of properties.
• Manage risks by preparing credit watch lists.

Skills

Interpersonal Skills

Problem-Solving

Analytical Skills

Customer Service

Education

Associates or Bachelor’s degree in Finance, Real Estate, Management or Business

Tools

Microsoft Office

Job description

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Purpose And Job Summary

The primary focus of the Asset Manager position is to provide outstanding service to internal and external clients, and to aid in the administration of our complex servicing portfolio of Fannie Mae loans. The Asset Manager will contribute to the asset management team by participating in various duties related to the administrative, financial, capital and operations of the portfolio.

• Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs, ensuring completion prior to agreement expiration (if applicable), and advise Investor accordingly.
• Collect, review and analyze property financial operations by the specified due date. Identify underperforming and potentially troubled assets, and escalate through the proper channels to assure that performance issues are appropriately addressed.
• Assess and manage risk by preparing credit watch list rating write ups for executive review and approval
• Review documents from closing to perform loan set up of new or converted loans. As needed, follow up with closing coordinator and legal counsel to collect any missing loan documents, and disseminate pertinent insurance, tax and other information from closing. Set up appropriate follow up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up.
• Review and approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Investor and established departmental guidelines
• Make collection calls on loans where payments are not received within specified timeframes, follow up to ensure payment receipt, and report status periodically per established guidelines. Participate in problem loan discussions or required research. Coordinate sending late payment letters and collection of late charges. On loans under workout situations, monitor per modified documents and report as required.
• Ensure all loan related system changes per specific loan documentation and/or Investor requirements are completed.
• Assist in tax, insurance, UCC, inspection, and financial certifications to the Investor, as required
• Review and approve loan pay offs per established procedures, from initial borrower request through pay off calculation, verification and approval processes
• Coordinate receipt of any loan assumptions, easement agreements, etc. Initiate necessary changes to servicing system, add to loan documents list in system, and notify other departments as applicable. Record agreements if required by Investors, and set appropriate ticklers for follow-up or future/pending changes as applicable.
• Administer balloon and maturing loans per established guidelines
• Cross-train in all areas of department to gain full understanding of all aspects of departmental responsibilities
• Perform any other task assigned by manager or as may be needed by the team.
• Ensure that proper notification, communication, and coordination occurs with internal legal and compliance personnel, when applicable. Ensure that all job functions are executed in compliance with investor requirements and internal policies and procedures.
• 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 other duties as assigned related to department goals or as may be needed by the team
• Work professionally and harmoniously with team and coworkers
• Other projects and duties as assigned
  
  

Purpose And Job Summary

The primary focus of the Asset Manager position is to provide outstanding service to internal and external clients, and to aid in the administration of our complex servicing portfolio of Fannie Mae loans. The Asset Manager will contribute to the asset management team by participating in various duties related to the administrative, financial, capital and operations of the portfolio.

Essential Duties And Responsibilities

• Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs, ensuring completion prior to agreement expiration (if applicable), and advise Investor accordingly.
• Collect, review and analyze property financial operations by the specified due date. Identify underperforming and potentially troubled assets, and escalate through the proper channels to assure that performance issues are appropriately addressed.
• Assess and manage risk by preparing credit watch list rating write ups for executive review and approval
• Review documents from closing to perform loan set up of new or converted loans. As needed, follow up with closing coordinator and legal counsel to collect any missing loan documents, and disseminate pertinent insurance, tax and other information from closing. Set up appropriate follow up systems to manage ongoing compliance with loan document covenants and ensure proper file set-up.
• Review and approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Investor and established departmental guidelines
• Make collection calls on loans where payments are not received within specified timeframes, follow up to ensure payment receipt, and report status periodically per established guidelines. Participate in problem loan discussions or required research. Coordinate sending late payment letters and collection of late charges. On loans under workout situations, monitor per modified documents and report as required.
• Ensure all loan related system changes per specific loan documentation and/or Investor requirements are completed.
• Assist in tax, insurance, UCC, inspection, and financial certifications to the Investor, as required
• Review and approve loan pay offs per established procedures, from initial borrower request through pay off calculation, verification and approval processes
• Coordinate receipt of any loan assumptions, easement agreements, etc. Initiate necessary changes to servicing system, add to loan documents list in system, and notify other departments as applicable. Record agreements if required by Investors, and set appropriate ticklers for follow-up or future/pending changes as applicable.
• Administer balloon and maturing loans per established guidelines
• Cross-train in all areas of department to gain full understanding of all aspects of departmental responsibilities
• Perform any other task assigned by manager or as may be needed by the team.
• Ensure that proper notification, communication, and coordination occurs with internal legal and compliance personnel, when applicable. Ensure that all job functions are executed in compliance with investor requirements and internal policies and procedures.
• 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 other duties as assigned related to department goals or as may be needed by the team
• Work professionally and harmoniously with team and coworkers
• Other projects and duties as assigned
  
  

Travel Requirements - 10-20%.

Education, Skills And Experience

• Associates or Bachelor’s degree preferred with a concentration in Finance, Real Estate, Management or Business desired.
• Minimum one to two years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred, with exposure to Fannie Mae a plus. An equivalent combination of education and experience which clearly demonstrates knowledge and skill set to perform the job functions may be considered.
• 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
  
  

Required

Associates or Bachelor’s degree preferred with a concentration in Finance, Real Estate, Management or Business desired.

Minimum one to two years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred, with exposure to Fannie Mae a plus. An equivalent combination of education and experience which clearly demonstrates knowledge and skill set to perform the job functions may be considered.

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

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Financial Services, Banking, and Venture Capital and Private Equity Principals

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