Syndication Processor
Company: Cinnaire Corporation
Locations: Lansing, MI; Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE
Job Function: Financial Services
Background
WHO WE ARE
Cinnaire is a mission-driven organization. Our team of more than 150 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 revitalizing communities, empowering individuals and creating economic opportunities.
WHAT WE DO
We get involved. We spend time on the ground in the communities we serve, getting to know the people, understanding their 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 manage and build all the components of strong, vibrant communities.
HOW WE DO IT
We help community development organizations, lending partners and socially motivated investors accomplish goals in underserved communities. We fill gaps in community development funding by leveraging capital from public and private sector organizations and bringing expertise to communities that need it most.
WHERE WE SERVE
Since 1993, Cinnaire has funded affordable housing developments and community development initiatives throughout the Midwest and Mid-Atlantic states. Headquartered in Lansing Michigan, we have offices in Detroit and Grand Rapids, MI:, Milwaukee and Madison, WI; Chicago, IL; Indianapolis, IN; and Wilmington, DE, while providing financial and development support across our nine-state footprint including Michigan, Wisconsin, Minnesota, Indiana, Illinois, Pennsylvania, New Jersey, Delaware and Maryland.
Summary
The primary role of the Syndication Processor is to provide efficient, customer-friendly coordination of services critical to moving equity investments through the due diligence, closing, and transition processes. The Syndication Processor maintains productive relationships with internal and external stakeholders, including third-party vendors.
Responsibilities
- Collaborates with Underwriters and attorneys to ensure efficient progression towards equity real estate investment closings.
- Coordinates timely transition of new projects from Business Development to Underwriting.
- Manages the process for obtaining third party reports such as market studies, plan and cost reviews, and flood certifications and ensures efficient dissemination of to the appropriate team members.
- Tracks and documents all pre- and post-closing activities.
- Maintains due diligence checklists.
- Reviews and approves Due Diligence documents related to deal processing.
- Administers due diligence conference calls with internal and external partners.
- Manages preparation of investor-related materials for deal closings and coordinates the execution of funding requests.
- Assists with the transition of closed equity deals into the Asset Management department.
- Produces post-closing documentation.
- Approves and submits invoices for payment.
- Manages closing sequence.
Requirements
Qualifications and Skills:
- Educational level: Associate degree or equivalent work experience
- Background in commercial real estate, commercial banking, or legal field preferred
- Strong organizational skills
- High level of detail-orientation
Key Competencies:
- Diversity Awareness: Identifies the benefits and advantages of harnessing the collective insights from various individuals in the organization.
- 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.
- Resource Optimization: Applies knowledge of internal structures and existing talent to accomplish a goal.
- Customer Focus: Stays ahead of customer needs and uses insight to develop new and/or modify client services.
Reporting Relationship: Reports to Senior Vice President, Equity Underwriting
Supervisory Relationship: None
Physical Requirements:
• Ability to work on a computer for extended periods of time.
Travel Required: Minimal
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.
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.