Assistant Equity Underwriter
Cinnaire
- Chicago, IL
- Permanent
- Full-time
- 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.
- Assesses the financial strength and capacity of the development team.
- Assesses the real estate market where the proposed investment will be located.
- Assesses validity of operating expense assumptions by using comparable data from Cinnaire portfolio, appraisal, and data provided by the developer and/or management agent.
- Identifies and communicates factors of the proposed investment that differ from standard underwriting criteria.
- Updates investment information in data management system.
- Prepares investment reports and assists in presenting the proposed investment to the investment committee.
- Oversees the collection and review of due diligence documents with Cinnaire counsel, and reviewing pertinent documents affecting investment feasibility.
- Transitions investment to asset management staff after closing.
- Maintains business relationships with investors, CDFIs, developers, accountants, attorneys, consultants, property managers, housing finance agencies, lenders, and any other related parties.
- 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.
- Strong PC (Excel, Word, Database) skills are required.
- Previous experience with equity underwriting and/or structuring real estate transactions.
- 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.
- Ability to work on a computer for extended periods of time