The Analyst assists in the underwriting of real estate equity investments, including affordable and market rate housing. The Analyst supports the business development staff by providing feedback regarding underwriting feasibility of these products and by assisting in the efficient acquisition of investments.
Essential Duties and Responsibilities:
- Reviews and updates financial proformas for potential real estate investments and ensures the accuracy and competitiveness of same.
- Determines financial strength and capacity of the key principal and other members of the development team.
- Analyzes market studies and/or appraisals
- Assesses the reasonableness of operating expense assumptions.
- Identifies potential underwriting issues and mitigants associated with potential investments.
- Identifies factors of the proposed investment that differ from standard underwriting guidelines and criteria, including those that may require a waiver from the investor.
- Communicates e the results of initial feasibility analyses.
- Tracks deals through the initial feasibility process through transfer to the Underwriter.
- Maintains the integrity and accuracy of Cinnaire’s Pipeline Tracker.
- Prepares letters of intent and commitment letters for proposed investments.
- Assists Business Development and underwriting staff in negotiating letters of intent for proposed equity investments.
- Assists Business Development staff in developing and maintaining relationships with partners.
Qualifications and Skills:
- Bachelor Degree in Finance, Accounting, Economics, Business or Real Estate/Urban Planning required.
- Two Years of continuous professional work experience
- Strong Microsoft Suite skills (Excel, Word, Database) required.
- Keen analytical skills and attention to detail.
- Experience in modeling financial investments including expected cash flow and return on investment.
- Previous experience with underwriting and structuring real estate transactions preferred prior experience and/or knowledge of financial programs and products designed to expand the availability of affordable housing or community economic development preferred (e.g., Low Income Housing Tax Credits, New Market Tax Credits, Historic Tax Credits, Federal Grants from Housing and Urban Development, Fannie Mae lending, and other such CDFI activities).
- Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions.
- Intellectual Agility: Flexes and adapts thinking skills to meet the needs of different situations and circumstances; does not limit problem solving to one approach or methodology.
- Insight to Action: Acts on conviction and advances from concept to implementation towards a goal; draws upon knowledge and professional judgement to orchestrate the steps required to get results.
- Resource Optimization: Applies knowledge of internal structures and existing talent to accomplish a goal.
Reporting Relationship: Reports to Vice President, Underwriting
Supervisory Relationship: None
- The ability to work on a computer for extended periods of time.
Travel Required: 15%Apply