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 Responsibilities:
- Prepare routine to moderately complex property level pro forma cash flow statements and financial models.
- Assess the borrower’s and guarantor’s financial statements including review and analysis of financial statements, real estate schedules, tax returns and cash flow statements.
- Assess the financial strength and capacity of the development team.
- Assess the real estate market where the proposed investment will be located.
- Assess validity of operating expense assumptions by using comparable data from Cinnaire portfolio, appraisal, and data provided by the developer or management agent.
- Identify factors of the proposed investment that differ from standard underwriting criteria.
- Update investment information in data management system.
- Prepare investment reports and help present the proposed investment to the investment committee.
- Oversee the collection and review of due diligence documents with Cinnaire counsel and reviewing relevant documents affecting investment feasibility.
- Transition investment to asset management staff after closing.
- Maintain 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.
- Model financial investments including expected cash flow and return on investment.
- Excel (can perform complex functions), Word, and Database skills required.
- 3+ years’ experience with equity underwriting 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: Reports to Vice President, 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.
