Development Analyst

Background

Who we are
Cinnaire is a mission-driven organization and our team of more than 170 individuals are united by our core purpose. As dedicated problem solvers, we start each day thinking – ‘what kind of difference can we make in people’s lives today?’ – and then go about creating change by empowering individuals and our communities.

What we do
We get involved. We spend time on the ground in our communities, getting to know the people, understanding the challenges, and devising out-of-the-box solutions. Ours is a people-first approach to advancing communities. As a community development financial organization, we provide creative capital solutions to projects with high social value that may not otherwise receive support from traditional financial institutions. Our toolkit of services includes programs that lend funds, finance development, and build strong, vibrant communities.

How we do it
We provide the tools for community development organizations, lending partners and socially motivated investors to accomplish goals in our communities. We fill gaps in community development funding by leveraging capital and expertise from public and private sector organizations to bring impactful projects to life.

Where we serve
We are headquartered in Lansing Michigan and our team has offices in Detroit and Grand Rapids, MI; Madison, WI; Chicago, IL; Indianapolis, IN; and Wilmington, DE, while providing financial and development support across Michigan, Wisconsin, Minnesota, Indiana, Illinois, Pennsylvania, New Jersey, Delaware and Maryland.

Summary

The Development Analyst assists in the underwriting of real estate debt and investments related to affordable housing and works to ensure excellent and efficient delivery of service to its Cinnaire Solutions team member(s).

Responsibilities

1. Prepares, evaluates and updates financial proformas and cash flow models for potential real estate developments.
2. Determines initial feasibility, sizing and structure of proposed developments.
3. Analyzes market studies and/or appraisals and conducts independent market research as necessary.
4. Identifies and analyzes potential underwriting issues and mitigants associated with potential loans or investments.
5. Maintains the integrity and accuracy of Cinnaire Solutions’ developments.
6. Works with Development Managers and Development Associates on applications for LIHTC and supportive (gap) financing.
7. Effectively communicates internally among and between teams and externally with partners, lenders, and syndicators, and stays up to date on underwriting guidelines for HFAs and other funders.

Requirements

Qualifications and Skills:

• Bachelor’s Degree in Finance, Economics, Business or Real Estate/Urban Planning.
• Strong Microsoft Suite skills required.
• Ability to model a variety of real estate transactions including LIHTC, NMTC, bond financing, and financial investments including expected cash flow and return.
• Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
• Prior experience and/or knowledge of financial programs and products designed to expand the availability of affordable housing or community economic development is a plus but not a requirement. Such programs include Low Income Housing Tax Credits, New Market Tax Credits, Federal and State Historic Tax Credits, Federal Grants from the Department of Housing and Urban Development, Fannie Mae lending, and other CDFI resources.
• Valid driver’s license.

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.
• Resource Optimization: Applies knowledge of internal structures and existing talent to accomplish a goal.
• 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 Vice President, Development

Supervisory Relationship: None

Physical Requirements:

• The ability to sit at a computer for extended periods of time

Travel Required: 15%

Compensation and Benefits

Cinnaire offers a competitive compensation package.

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.

How to Apply

https://cinnaire.hiringplatform.com/298914-development-analyst/1140040-application-form/en

 

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.