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Vice President, Underwriting (Equity)

Company: Cinnaire Advancing Communities
Location: Grand Rapids
Posted on: September 13, 2020

Job Description:

Lansing, Detroit, Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI or Wilmington, DE

Aug 14 th , 2020

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Vice President, Equity Underwriting (VPEU) leads and mentors the team that performs analysis of real estate equity investments [primarily associated with the Low Income Housing Tax Credit (LIHTC) program)] and assesses preliminary feasibility and adherence to underwriting guidelines. The VPEU supports the Executive Vice President, Underwriting & Credit Risk in delivering underwriting results that align with the organization’s strategic objectives.

The VPEU’s competencies include:

Leadership Development:  Coaching and developing others by seeking to understand their strengths and development areas.

Analysis to Synthesis:  Interpreting data and information from multiple sources and translating them into coherent messages that inform decisions.

Insight to Action:  Acting on conviction and advancing from concept to implementation toward a goal; drawing upon knowledge and professional judgment to orchestrate the steps required to get results.

Intellectual Agility : Flexing and adapting thinking skills to meet the needs of different situations and circumstances; expanding problem solving to include multiple approaches or methodologies.

Essential Duties and Responsibilities:

Supervises and supports the analysts, and associate analyst.

Develops and monitors team and individual goals of the analyst team.

Plans, implements, and oversees underwriting analysis workflows, systems, and business processes in alignment with organizational goals and technology advancements in the organization.

Ensures adherence to equity underwriting guidelines in accordance with investor expectations and industry standards, and approves exceptions to such guidelines

Approves equity proposals to ensure acceptable risk tolerance.

Develops and implements an effective training program for members of the analyst team.

Maintains technical expertise in the LIHTC program and provides guidance to team.

Ensures quality control and accuracy of the team’s work product.

Acts as liaison between the Analyst, Business Development, and Capital Management teams.

Develops and maintains effective business relationships with developers, investors, accountants, attorneys, consultants, property managers, housing finance agencies, lenders, and other related parties.

Qualifications and Skills:

Minimum 10 years’ experience in real estate development finance, investment, and underwriting.

Expert knowledge of the Low Income Housing Tax Credit (LIHTC) program

Bachelor’s Degree in real estate, finance, or business.

Reporting Relationship:  Reports to Executive Vice President, Underwriting & Credit Risk

Supervisory Relationship:  Analysts and Associate Analysts

Physical Requirements:

Ability to sit and work on a computer for extended periods of time.

Cinnaire Provides Financing to Revitalize Historic School for the Blind Campus...

Cinnaire provides New Markets Tax Credit (NMTC) investment to support the Salvation Army Freedom...

Keywords: Cinnaire Advancing Communities, Grand Rapids , Vice President, Underwriting (Equity), Other , Grand Rapids, Michigan

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