Asset Manager II

Orix

Boston, MA

#R0003624

Position summary

he ability of a property to convert at expected permanent loan amount.

  • Year-end review of audited financial statements and tax returns.

  • Quarterly risk rating of property and investment performance, including write-ups and action plans for Watch-List properties.

  • Review and process calculation, billing and collection of priority distributions and upper tier share of cash flow.

  • Develop and maintain relationships with general partners, using their expertise effectively to help enhance the performance of the investments.

  • Develop and implement management strategies to address operational, market or physical deficiencies at the property. Identify specific areas of concern, determine causes and remedial action.

  • Monitor, protect and maximize investor benefits (tax credits, losses and distributions).

  • Project future residual, tax losses and cash flow distributions, using available applications and models.

  • Monitor, protect and enhance property residual value through analytical tools and proactive asset management.

  • Conduct property site visits. Assess physical condition, identifies deficiencies and recommends strategies.

  • Understand regional and metropolitan economic and demographic trends and key multi-family markets.

  • Establish relationships with management agents, housing agencies, lenders, and other key public and private sector players in their region.

  • Evaluate lower tier partnership agreement consent requests and present recommendations to respective committees.

  • Respond to special requests for information from investor and internal clients on a regular basis, both through informal interactions and formal presentations.

  • Participate in team initiatives to improve property monitoring and risk management processes.

  • Enforce General Partner obligations as outlined within the partnership agreements.

  • Understands real estate investment analysis techniques and how financial models function.

  • Develop and implement enhanced Asset Management Program for High Value properties and Value Opportunities.

Travel Requirements - [10-25 %].

Education, Skills and Experience:

  • Bachelor's Degree in business, finance, real estate or related field, is preferred

  • 4+ years of related real estate and/or asset management experience.

  • Familiarity with partnership structures and taxation, low income housing tax credit (LIHTC) program requirements

  • Excellent verbal and written communication and negotiation skills

  • Strong analytical skills with a good understanding of real estate investment analysis

  • Proficient with MS Office, including Outlook, PowerPoint, Word, and Excel

  • Ability to work in a fast-paced work environment while managing conflicting priorities

  • Ability to work independently and as part of a high performing team

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.

Boston Financial Investment Management, LP and its parent company, 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.