Special Asset Manager

Role is based in Lansing, MI (Headquarters); Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE; or remotely within Cinnaire's footprint.

Responsibilities

• Ensure optimal performance and compliance of stabilized properties and equity investments, while proactively managing financial and operational risks.
• Assess underperforming assets, develop and implement recovery strategies, and guide decisions on watchlist status through performance analysis and site evaluations.
• Facilitate clear, consistent communication with internal and external stakeholders, deliver timely performance insights, and support data integrity for informed decision-making.
• Align funding strategies and resource deployment with asset stabilization goals through cross-functional collaboration and oversight of capital activity.
• Cultivate strong partnerships with investors, developers, agencies, and other key stakeholders to support asset performance and organizational objectives.
• Engage in industry learning, contribute to process improvement, and participate in organizational initiatives to advance departmental excellence.

Requirements

• Bachelor's degree in real estate finance, economics, business, accounting, or a related field.
• Minimum of 2 years of experience in one or more of the following areas: real estate development, finance, rent-restricted multifamily assets, property management, community development, commercial lending, or related disciplines.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple priorities and work collaboratively across teams.

Preferred Qualifications

• Understanding of Low-Income Housing Tax Credit (LIHTC) regulations, along with experience with federal, state, and local affordable housing programs.

Benefits

• Medical, Health Reimbursement Account, and Flexible Spending Accounts (medical and dependent care).
• Dental and Vision.
• Life Insurance and Accidental Death & Dismemberment.
• Long-Term Disability and Employee Assistance Plan.
• Pet Insurance and Identity Theft Protection.
• Paid Mobile Phone Service.
• Unlimited PTO and Incentive Compensation.
• 403(b) Plan and Profit-Sharing Plan.

Travel Required: Up to 35%. Reports to VP, REO and Special Assets.