Purpose and Job Summary: The Fund Manager, as part of the larger Investment Management team at Boston Financial, is responsible for: (1) managing efforts to achieve the investment objectives of their fund portfolio; (2) providing timely and responsive service and meaningful reports and analysis to corporate investors; and (3) manage the fund level reserves to protect the investors' investments, to promote fund sustainability through its investment period, and to maximize revenue to Boston Financial.
Essential Duties and Responsibilities:
Setting fund strategy, participating in resolution of portfolio or property issues including reviewing and interpreting partnership agreements and other legal documents in the course of developing property/fund strategies.
Prepare long-term projections of tax credits, tax losses and cash distributions for investors.
Prepare IRR analyses of fund performance.
Track actual and expected results of each property as compared to objectives.
Conduct quarterly fund reserve review to ensure fund sustainability and profit maximization, which includes all cash inflow and outflow.
Determine the impact of dispositions and residual on fund performance and fund sustainability.
Assist with investor ad hoc requests as required.
Prepare quarterly and annual investor reports discussing investment performance and property performance.
Assist with asset management, tax and accounting issues for investors.
Assist in review of annual Schedule K-1 as well as the preparation of annual K-1 reports.
Collaborate with Legal and Production to monitor and ensure compliance on investor side letter agreements and partnership terms.
Plan and execute investor due diligence meetings and other client presentations.
Travel Requirements - [0-5%].
Education, Skills and Experience:
Education: Bachelor’s Degree required; training in a real estate and/or finance discipline recommended
Experience: 5-7 years relevant experience necessary
Superior written and verbal communication skills
Proven customer service orientation and experience
Ability to thrive in a collaborative, team-based, sales-oriented, fast-paced environment--pitching in wherever needed to achieve team objectives
Self-starter with ability to take the initiative
Strong organizational skills
Strong technology/computer skills
Solid experience using Microsoft Excel
Annual base salary gross: $115,000 - $130,000 (MA only). The base salary range represents the estimated low and high end of ORIX’s salary for this position based on geography. 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’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.
Established in the U.S. in 1981, ORIX USA has grown organically and through acquisition into the investment and asset management firm we are today. With a specialization in private credit, real estate, and private equity solutions for middle-market focused borrowers and investors, we combine our robust balance sheet with funds from third-party investors, providing a strong alignment of interest. ORIX USA and its subsidiaries — ORIX Advisers, ORIX Capital Partners, Signal Peak Capital Management, Boston Financial, Lument, Real Estate Capital and NXT Capital— have approximately 1300 employees across the U.S. and have ~ $89 billion in assets, which includes $39.4 billion in assets and commitments*, in addition to $49.4 billion in servicing and administering assets, as of September 2024. Our parent company, ORIX Corporation, is a publicly owned international financial services company with operations in 30 countries and regions worldwide. ORIX Corporation is listed on the Tokyo Stock Exchange (8591) and New York Stock Exchange (IX). For more information, visit orix.com.
* As of September 30, 2024. Includes $49.4 billion in servicing and administering assets, in addition to $39.4 billion in funded assets and unfunded commitments across proprietary capital, third party capital and strategic partners investing in ORIX USA’s private credit, real estate and private equity businesses. Unfunded commitments are based on a contractual commitment or an expected commitment for an established program based on ORIX USA Group’s understanding.
