Assistant Underwriter, Equity
Company: Cinnaire Corporation
Location: Madison
Posted on: May 26, 2023
|
|
Job Description:
Job Summary: The Assistant Underwriter assists Underwriters in
evaluating and structuring real estate equity investments and
assessing the risks and mitigants associated with such.Essential
Duties and Responsibilities:Prepares routine to moderately complex
property level pro forma cash flow statements and financial
models.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.Prepares term sheets, letters of
intent and commitment letters for potential real estate
investments.Updates investment information in data management
system.Prepares investment reports and presents the proposed
investment to the investment committee.Coordinates the preparation
of the partnership agreement with Cinnaire counsel.Oversees the
collection and review of due diligence documents with Cinnaire
counsel and Cinnaire Closing Coordinator 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.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.Strong PC (Excel, Word,
Database) skills are required.Previous experience with loan
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.Reporting Relationship: Reports to Senior Vice President,
EquitySupervisory Relationship: NonePhysical Requirements:Ability
to work on a computer for extended periods of time.Travel Required:
5-10%
Keywords: Cinnaire Corporation, Madison , Assistant Underwriter, Equity, Accounting, Auditing , Madison, Wisconsin
Click
here to apply!
|