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.
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