Associate, Underwriting

Purpose and Job Summary

The Underwriting Associate is responsible for reviewing and underwriting multifamily and commercial mortgage financing programs being offered by Lument’s Real Estate Investment Strategies Group’s (REINS) programs, including floating-rate bridge loans and fixed-rate loans underwritten for investment through proprietary and/or conduit executions. 
The Underwriting Associate must make informed recommendations to the Real Estate Investment Strategies Group’s Chief Credit Officer and present the same to the firm’s Investment Committee. The Underwriting Associate shall analyze investment opportunities by creating financial cashflow and valuation models, undertake due diligence responsibilities, and participate in Investment Committees, including presentation of and recommendations to a loan’s risks and mitigates under a wide range of scenarios.

Essential Duties & Responsibilities

• Prepares and reviews due diligence process, underwriting, and valuation models.

• Prepares and reviews screening and investment memos consistent with REINS’ requirements as it relates to each loan program.

• Summarizes historical property operations.

• Performs credit and financial analysis of key sponsors and major tenants.

• Researches portfolio expense comparables and incorporate into the underwriting file.

• Conducts real estate tax verification and analysis.

• Reviews and approves third-party reports including property appraisals, physical needs assessments, environmental reports, lease abstracts, and others as required.

• Travels to perform property inspections and market evaluations.

• Performs other duties and projects as assigned.

• Works professionally and harmoniously with team and coworkers.

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’s degree from an accredited college or university with a focus in Finance, Business, Real Estate, or related field required, with strong credentials. Master’s or MBA with a concentration in Finance, Business, Real Estate, or related field preferred. 

• Three to five years of commercial real estate (multifamily, office, retail, self-storage, and industrial) underwriting experience. 

• Thorough knowledge of underwriting requirements and standards for loans to be financed in the capital markets, including CMBS, CLO, and balance sheet considerations.

• Knowledge of Fannie Mae and/or Freddie Mac Multifamily loan programs is considered a plus, but not required.

• Strong credit mindset with, ideally, completion of a formal credit training program.

• Ability to read, analyze, and interpret complex documents and financial statements.

• Highly analytical thinking with demonstrated talent for identifying, scrutinizing, improving, and streamlining complex work processes.

• Advanced Microsoft Excel skills, including the ability to manipulate and interpret data on an ad hoc basis.

• Proficiency in Microsoft Office and list other relevant systems or software.

• Excellent organizational, communication, presentation, and interpersonal skills; Ability to effectively communicate with loan originators, clients, and REINS Senior Leadership for new loan requests.

• 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 and 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.

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.