SENIOR ASSOCIATE, ASSET MANAGEMENT- GSE AGENCY RIS

Purpose and Job Summary

The Senior Associate Asset Management – Agency Risk position provides outstanding service to internal and external clients, identifies risk, and aids post-closing transactions within the complex servicing portfolio of FNMA and Freddie Mac loans. The Associate will monitor high risk agency loans, estimate any potential losses, propose mitigation strategies, and communicate business plans to upper management.

 He/She will also be asked to facilitate post-closing transactions, inspect portfolio properties, and coordinate underwrite assumptions and transfers of interest, as well as contribute to the risk management team by participating in various duties related to the administrative, financial, capital and operations of the portfolio.

Essential Duties & Responsibilities

• Identify underperforming and potentially troubled assets, and escalate through the proper channels to assure that performance issues are appropriately addressed.

• Collect, review and analyze property financial operations by the specified due date.

• 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 Master Servicer accordingly.

• Assess and manage risk by preparing credit watch list rating write ups for executive review and approval

• Clearly manage and communicate closing expectations to all transaction parties including borrower, potential buyer, banker, agency, broker, etc.

• 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. 

• Review and approve disbursements from replacement reserves, completion repair, and other collateral escrows in accordance with Master Servicer 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. Coordinate sending late payment letters and collection of late charges. 

• Facilitate loan workout situations, monitor per modified documents and report as required.

• Ensure all loan related system changes per specific loan documentation and/or Master Servicer requirements are completed. Assist in tax, insurance, UCC, inspection, and financial certifications to the Master Servicer, 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 Master Servicers, and set appropriate ticklers for follow-up or future/pending changes as applicable.

• Administer balloon and maturing loans per established guidelines

• Assist with loan Securitization process by ensuring loan information is accurate and complete Review and provide comments to management regarding the Sub-Servicing and Pool and Servicing Agreements related to each Securitization.

• Ensure CREFC reporting requirements are met as well as all required certifications/exhibits are executed and submitted to Master Servicer timely.

Contacts

This position has frequent contact with all levels of employees and management. In addition, this role may interact with outside business partners, vendors, consultants, and other office visitors.

Education, Skills & Experience

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

• More than 3 years of progressive experience in commercial mortgage servicing or commercial real estate asset management is preferred, with exposure to Freddie Mac and Fannie Mae a plus.   

• An equivalent combination of education and experience which clearly demonstrates knowledge and skill set in CMBS, master/special servicing in loan asset management 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

• The ability to work well under pressure, adjust to varied workloads and handle multiple priorities, with a sense of urgency

• Ability to work with and understand financial concepts and perform financial analysis on multifamily and healthcare loans

• Strong computer literacy required, particularly regarding spreadsheet and word processing applications such as Microsoft Excel, Word, and PowerPoint. Working knowledge of Strategy a plus.

• Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities

• Provides excellent customer service, projects 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

• Experience working in agency systems and certified to perform MBA inspections preferred

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.