Senior Associate, Construction Asset Management

ORIX Group • Columbus, OH

1d • Hybrid

About The Position

Purpose and Job Summary: The primary focus of the Senior Associate position is to provide exceptional service to internal and external clients. This role requires a deep understanding of the Commercial and Multifamily Construction Industry. The Senior Associate supports the Construction Asset Management department with various loan types; Ground Up Construction, Bridge, Rehab / Renovation, Capital Expenditure / Value Add, Forward Commitments and substantial Repair scopes of work or Hazard / Casualty Losses. This position will be responsible for all construction loan administrative duties, risk mitigation, managing high touch relationships (internal and external clients) and abiding by all internal and external rules and regulations.

Requirements

• Education – bachelor’s degree or equivalent industry experience.
• Experience – Minimum of 3 – 5 years prior work experience in commercial / multifamily. real estate construction asset management.
• Extensive Construction Asset Management knowledge.
• Proficiency in Microsoft Office and list other relevant systems or software.
• Excellent communication, presentation, and interpersonal skills.
• Creative and effective problem-solving skills, excellent organizational and analytical skills with a strong attention to detail.
• 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 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.
• Strong interpersonal skills demonstrated by an ability to communicate effectively with colleagues, clients (internal & external), and various regulatory and industry contact.
• Strives for 100% accuracy and compliance with internal and external policies and procedures.
• Ability to think independently and work collaboratively.
• Strong commitment to Accountability, Integrity, Exceptional Client Service, Teamwork and Development of Self and others.

Responsibilities

• Understand completely all company policies, procedures, specifications and guidelines.
• Understand Fannie Mae & Freddie Mac Mod Rehabs and Forward Commitment loan types and requirements.
• Budget review and preparation for all loan types
• Prepare Fannie Mae & Freddie Mac Rehab Draws for review and approval.
• Prepare Balance Sheet Draws for Ground Up Construction, Bridge, Rehab / Renovation, and Capital Expenditure / Value Add.
• Manage Balance Sheet Construction Draw administration duties.
• Review of third-party engineer inspections and PCAs (Property Condition Assessments)
• Management of third-party vendor invoice payments
• Review loan documents to understand the requirements set forth for each loan. This includes but is not limited to; inspection requirements, funding requirements, agency approvals, required documentation, etc.
• Review underwriting documentation to understand the loan structure. Review items include but are not limited to, development project pro-forma, lender narratives, engineering narratives, post-closing conditions, etc.
• Review of post-closing construction documentation. This includes but is not limited to; contractor pay applications, lien waivers, change orders, project schedules, project budget tracking, title endorsements, etc.
• Work with agencies, clients, and colleagues to accomplish goals, find solutions and work through complex situations.
• Track all daily work to ensure timely processing of draws.
• Respond to all internal and external inquiries in a timely, accurate and professional manner and handle to conclusion.
• Work professionally and harmoniously with team and coworkers.
• Provide exceptional client service to all stakeholders by having a heightened focus on prompt response times, providing accurate and detailed information and finding solutions.
• Work closely with Asset Management team(s) to address any construction and compliance issues.
• Heighted focus on finding solutions to assist the deal team with construction concerns and navigating program obligations.
• Other projects and duties, as assigned.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees