Senior Associate, Asset Management

Purpose and Job Summary:
The Senior Associate is responsible for the ongoing management, servicing, and performance oversight of a portfolio of Life Insurance Company and/or CMBS loans. This role ensures that loans remain in compliance with loan documents, meet the company’s risk standards, and perform consistent with investor requirements.

Essential Duties and Responsibilities:

• Manage day-to-day servicing activities for a portfolio of commercial mortgage loans (on-book LifeCo loans, participation structures, and various other serviced 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. Follow up with borrower for completion of any required repairs, ensuring completion.
• Evaluate performance of the assigned portfolio by assigning a risk rating for each asset within your portfolio. These risk ratings will be presented by you and reviewed and approved by upper-level management.
• Prepare internal/external reporting packages, including portfolio performance dashboards and risk assessments.
• Coordinate receipt of any post-closing borrower request/transaction, including such things as loan assumptions, transfers of interest, easement agreements, etc. 
• Initiate necessary changes to servicing system, add to loan documents list in system, and notify other departments as applicable. 
• Set and track appropriate workflow items for follow-up or future/pending changes as applicable.
• Crosstrain 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.

Travel Requirements - 10%

Education, Skills and Experience:

• Bachelor’s degree with an emphasis in Finance, Real Estate or Business desired.
• At least three years of experience in commercial mortgage servicing/asset management, with a strong emphasis on Life Co. experience or institutional CRE lenders
• Excellent interpersonal and written and oral communication skills.
• Excellent organizational and analytical skills.
• The ability to work well under pressure, adjust to varied work loads and handle multiple priorities, with a sense of urgency.
• The ability to work independently and yet function as a highly effective member of the team.

Intermediate to high level PC skills, particularly in Microsoft Excel and Word.

Annual base salary gross: $95,000 - $115,000 (CA and NY only).  The base salary range represents the estimated low and high end of ORIX’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of ORIX’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits.  Please visit our Benefits page for additional information.

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.