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    Associate Director, Asset Management - Dallas, United States - ORIX USA

    ORIX USA
    ORIX USA Dallas, United States

    3 weeks ago

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    Description
    Purpose and Job Summary


    Under the direction and supervision of the Director of Asset Management, the Associate Director is responsible for oversight of a nation-wide portfolio of commercial mortgage loans and similar investments for LUMENT's Real Estate Investment Strategies (REINS) Group.

    Loan positions managed by the Associate Director are collateralized by commercial income-producing properties and require knowledge of various asset classes, including but not limited to multifamily, senior housing/ healthcare, commercial and manufactured housing.

    Duties are to be primarily carried out from the perspective of the Lender / Servicer, ensuring compliance with financial, contractual, and legal requirements, processing Borrower requests, and analyzing and reporting on credit risk.

    The Associate Director will also monitor and review Borrower performance in meeting business plans and oversee construction draw administration, reporting and funding.

    In this role, the employee may also perform site inspections.

    Essential Duties & Responsibilities
    Ensuring Borrower's contractual compliance with loan documents.

    Ensure Borrowers is meeting business plan for the asset.

    Oversee draw administration for ground-up construction loans and coordinate with internal and external parties involved with the asset.


    Evaluate and recommend appropriate action regarding anticipated repairs, future funding and capital expenditures for the collateral, and monitor Borrower's compliance with relevant loan document requirements.


    Assist in analyzing, underwriting and processing special Borrower requests, including requests for modifications of loan terms, changes to/releases of/transfers of collateral.

    Coordinate preparation of post-closing legal documents with internal and/or external Counsel and review of same.

    Analyze financial statements on income-producing properties to evaluate financial health and long-term viability and ability to service the debt.


    Analyze operating statements, rent rolls and other information to determine EGI, NOI/NCF, DSCR, DY, physical and economic vacancy, and other relevant performance metrics, and accurately and timely report on same.

    Inspect and review 3rd party inspections of physical collateral, including properties located nationwide.


    Evaluate and recommend appropriate action regarding anticipated repairs, future funding and capital expenditures for the collateral, and monitor Borrower's compliance with relevant loan document requirements.


    Investigate and maintain a working knowledge of relevant national, regional, and local (geographic) market conditions, and determine the impact on our collateral.


    Analyze and report on the relative strengths of, and credit risks Associate Director with individual and entity sponsors / owners.

    Evaluate and report on property management's performance.

    Make specific recommendations regarding non-performing assets and prudent loss mitigation steps specific to the deal.

    Perform in-depth analysis of the credit quality of the asset, utilizing industry-standard real estate and financing analysis methods.

    Provide analysis and reporting for special asset types.


    Prepare monthly, quarterly and ad-hoc reports regarding the physical collateral, the credit risk Associate Director with the loan, and specific action plans or recommendations for the Lender / Investor.

    Participate in various department, division and company projects and duties, as requested.

    Possess and apply knowledge of the REINS group's policies and procedures. Understand all mortgage and finance programs offered by LUMENT.

    Work professionally and harmoniously with team and coworkers.

    Other projects and duties as assigned

    Contacts

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

    Education, Skills & Experience

    Bachelor of Science degree in Real Estate, Finance, Business Administration, or related field required.

    Minimum 10 years' commercial real estate experience is required, preferably with a REIT, PE Firm, or Institutional Lender.

    Advanced proficiency in Microsoft Office suite.

    Knowledge of commercial/multifamily mortgage lending and commercial real estate finance.

    Knowledge of principles of securitization, CMBS, and 3rd party loan servicing.

    Knowledge of commercial construction principles and practices is required.

    Knowledge of commercial real estate valuation, including appraisal methodologies.

    Knowledge of commercial underwriting principles and practices.


    Knowledge of commercial loan documents and underlying legal concepts regarding secured financing, lien priority, lender liability, creditor rights and bankruptcy rules.

    Knowledge of financial analysis and basic accounting principles required.


    An excellent customer service attitude demonstrated by an ability to produce high quality deliverables, in an accurate and timely manner, to internal and external stakeholders.

    Must demonstrate critical thinking and be highly analytical to effectively diagnose problems and identify appropriate solutions.

    Possess excellent organizational skills in order to meet deadlines and achieve goals.

    Flexibility and ability to work under pressure and adjust priorities, as needed.

    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.
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