Assistant Equity Underwriter

Job Location(s): Lansing, MI (Headquarters); Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE; Remotely within Cinniare's footprint

Job Summary: The Assistant Equity Underwriter assists Equity Underwriters in evaluating and structuring real estate equity investments and assessing the risks and mitigants associated with such.

Essential Duties and Responsibilities:

  1. Prepares routine to moderately complex property level pro forma cash flow statements and financial models.
  2. Assesses the borrower’s and guarantor’s financial statements including review and analysis of financial statements, real estate schedules, tax returns and cash flow statements.
  3. Assesses the financial strength and capacity of the development team.
  4. Assesses the real estate market where the proposed investment will be located.
  5. Assesses validity of operating expense assumptions by using comparable data from Cinnaire portfolio, appraisal, and data provided by the developer and/or management agent.
  6. Identifies and communicates factors of the proposed investment that differ from standard underwriting criteria.
  7. Updates investment information in data management system.
  8. Prepares investment reports and assists in presenting the proposed investment to the investment committee.
  9.  the collection and review of due diligence documents with Cinnaire counsel and reviewing pertinent documents affecting investment feasibility.
  10. Transitions investment to asset management staff after closing.
  11. Maintains business relationships with investors, CDFIs, developers, accountants, attorneys, consultants, property managers, housing finance agencies, lenders, and any other related parties.

Qualifications and Skills:

  • Bachelor’s degree in finance, Accounting, Economics, Business or Real Estate/Urban Planning. Course work in real estate preferred.
  • Ability to model financial investments including expected cash flow and return on investment.
  • PC (Excel, Word, Database) skills are required.
  • Previous experience with equity underwriting and/or structuring real estate transactions.

Key Competencies:

  • Analysis to Synthesis: Interpreting data and information from multiple sources and translating into coherent messages that inform decision.
  • Intellectual Agility: Flexing and adapting thinking skills to meet the needs of different situations and circumstances; not limiting problem solving to one approach or methodology.
  • Perseverance: Accepting uncertainty by remaining focused and engaged on assignments; looking for plausible solutions to different problems.
  • Insight to Action: Acting on conviction and advancing from concept towards a goal; drawing upon knowledge and professional judgment to orchestrate the steps required to get results.
  • Diversity Awareness: Identifies the benefits and advantages of harnessing the collective insights from various individuals in the organization.

Reporting Relationship: Manager, Equity Underwriting

Supervisory Relationship: None

Physical Requirements:

  • Ability to work on a computer for extended periods of time

Travel Required: 5-10%

Benefits Offered:  Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.

Cinnaire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, status as a Vietnam-era or disabled veteran or any other characteristic protected by law. Cinnaire complies with all applicable federal, state, and local laws, regulations and ordinances prohibiting employment discrimination. Cinnaire is committed to the full inclusion of all qualified individuals. As a part of this commitment, Cinnaire is dedicated to providing access, and reasonable accommodation in its services, programs, activities, recruitment and employment for qualified individuals with disabilities.

Application opens in a new browser window.
Click here to return to Careers page

Our Locations

1118 South Washington
Lansing MI, 48910

320 North Meridian, Suite 516
Indianapolis IN, 46204

100 W. 10th Street, Suite 502
Wilmington, DE 19801

225 West Washington, Suite 1350
Chicago, IL 60606

10 E. Doty Street, Suite 617
Madison, WI 53703

Grand Rapids
100 Cesar E. Chavez Ave., Suite 202
Grand Rapids, MI 49503

2111 Woodward Avenue, Suite 600
Detroit, MI 48201

231 E. Buffalo Street, Suite 302
Milwaukee, WI 53202

Scroll to Top