Cinnaire Corporation

Compensation

Full Description

Job Summary: The Asset Manager, Stabilized Assets (SAM) oversees a portfolio of real estate debt and equity investments. Generally, this includes ensuring the financial success of the partnerships, continuing compliance with the executed partnership agreement, quarterly and annual reporting, and adherence to various regulatory agreements. The SAM fulfills these requirements through monitoring, reporting, and direct interaction with the owners and management of the individual partnerships. Essential Duties and Responsibilities: • Conducts orientation meetings on all new deals with the development team. • Monitors projected capital contribution needs when applicable. • Processes capital contributions when applicable. • Monitors operations of stabilized properties to: • Ensure protection of the debt and/or equity investments • Ensure timely delivery of tax credits and losses for low income housing tax credit equity investments • Ensure continued compliance with applicable programs, loan documents, and the partnership agreement • Ensure continued financial stability • Manages and monitors accurate, timely delivery of data to the data management system. • Closely monitors and corresponds regularly with sponsors for those assets displaying signs of weakness and increased investor risk. • Evaluates assets displaying signs of weakness and increased investor risk for inclusion on the Watch List. • Monitors action plan progress on troubled assets on a regular basis to ensure improved asset performance. • Collects and processes information relating to performance of each asset. • Analyzes, projects, and reports on information relating to performance of each deal. • Maintains business relationships with investors, developers, accountants, attorneys, consultants, property managers, housing finance agencies, lenders, and any other related parties. Qualifications and Skills: • BA/BS from accredited College/University • Two years’ experience in real estate related field Key Competencies: • Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions. • Intellectual Agility: Can flex and adapt thinking skills to meet the needs of different situations and circumstances. Doesn’t limit problem solving to one approach or methodology. • Perseverance: Accepts uncertainty by remaining focused and engaged on assignments. Looks for plausible solutions to difficult problems. • Insight to Action: Acts on conviction and advances from concept to implementation toward a goal. Draws upon knowledge and professional judgement to orchestrate the steps required to get results. Reporting Relationship: Reports to Manager, Stabilized Assets Supervisory Relationship: None Physical Requirements: • Ability to work on a computer for extended periods of time. Travel Required: Up to 50% 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.