Stabilized Asset Manager
Locations: Lansing, MI; Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE
Remotely within Cinnaire's Footprint
Role Summary
The Asset Manager, Stabilized Assets (SAM) oversees a portfolio of real estate debt and equity investments. This role is responsible for ensuring the financial success of partnerships, ongoing compliance with executed partnership agreements, quarterly and annual reporting, and adherence to various regulatory agreements. The SAM fulfills these responsibilities through monitoring, reporting, and direct interaction with the owners and management of individual partnerships.
What You’ll Do
- Conduct orientation meetings on all new deals with the development team
- Monitor projected capital contribution needs when applicable
- Process capital contributions when applicable
- Monitor 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
- Manage and monitor accurate, timely delivery of data to the data management system
- Closely monitor and correspond regularly with sponsors for assets displaying signs of weakness and increased investor risk
- Evaluate assets displaying signs of weakness and increased investor risk for inclusion on the Watch List
- Monitor action plan progress on troubled assets on a regular basis to ensure improved asset performance
- Collect and process information relating to the performance of each asset
- Analyze, project, and report on information relating to the performance of each deal
- Maintain business relationships with investors, developers, accountants, attorneys, consultants, property managers, housing finance agencies, lenders, and other related parties
Required Qualifications
- BA/BS from an accredited college or university
- Two years’ experience in a real estate related field
Required Criteria
- Ability to work on a computer for extended periods of time
- Travel required up to 50%
Compensation & Benefits
- 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
- Profit-Sharing Plan
Equal Opportunity Statement
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 and provides access and reasonable accommodation in its services, programs, activities, recruitment, and employment for qualified individuals with disabilities.
