Associate II, Asset Management - Transaction Underwriting at Orix

Purpose and Job Summary:

Lument is seeking an experienced Transactions Underwriting Associate II to underwrite Agency (Fannie Mae, Freddie Mac) loan assumptions in a dynamic and fast-paced environment. The ideal candidate has 2-3 years of underwriting experience and is ready to take ownership of complex transactions while advancing their expertise in multifamily real estate finance.

Essential Duties and Responsibilities:

• Independently underwrite and submit Agency loan assumptions, including the ability to make sound credit recommendations
• Review all due diligence materials provided for each transaction; quickly and accurately analyze and underwrite such data and identify key underwriting issues and potential transaction risks
• Produce well-organized underwriting assignments for multiple transactions simultaneously, requiring minimal feedback from loan committee
• Critically review, evaluate and approve all third-party reports
• Ability to independently assess credit risk and recommend mitigation
• Communicate directly with multiple Borrowers, counsel and Agency partners daily
• Maintain confidentiality and use discretion in the performance of daily activities
• Demonstrate excellent customer service and interpersonal skills with the ability to direct and oversee projects, communicate effectively across teams, and with internal/external clients (Agencies, Borrowers, Closing, Bankers)
• Ability to work under pressure with tight deadlines and constant priority-shifts in a changing environment
• Successfully review Analyst work products, specifically pertaining to due diligence collection, financial data analysis and underwriting narrative composition
• Find efficiencies and actively implement process improvements
• Limited Travel (roughly 5%)

Education, Skills and Experience:

• Bachelor’s Degree Required: Concentration in Finance, Real Estate, Economics, Business and/or Accounting preferred
• Direct experience with Fannie Mae and/or Freddie Mac multifamily underwriting
• Ability to work well under pressure and adjust to varied workloads
• Excellent communication and organizational skills are required

Required:

• Advanced knowledge of Commercial Real Estate and Credit Risk/Mitigation terminology and practices
• Ability to analyze creditworthiness of sponsors and real estate performance/condition while providing concise risks, mitigations, and recommendations to loan committee
• This role requires an independent team player with good project management knowledge and the ability to pivot within ever-changing priorities
• Knowledge of Agency systems (MAMP, DMS, CRT)
• Advanced knowledge of Microsoft Office (Excel, Word, Outlook, PowerPoint)
• Proficient in analyzing real estate financials such as property operating statements, rent rolls, balance sheets and SREOs
• Advanced knowledge of Agency requirements relevant to loan assumptions
• Strong ability to effectively communicate with multiple external audiences (Borrowers, counsel, etc.)

Annual base salary gross: $90,000 -$110,000 (NY only) . The base salary range represents the estimated low and high end of the ORIX USA’s salary for this position. 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 USA’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.