Senior Associate, Asset Management

ORIX Group•Columbus, OH

4d•$95,000 - $115,000•Hybrid

About The Position

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.

Requirements

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.

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.