Director of Finance - Debt

Full Time
Chicago, IL
Posted
Job description

Verano is a leading, vertically integrated, multi-state cannabis operator (MSO) in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands, including Verano™, Avexia™, Encore™, and MÜV™. Verano's portfolio encompasses 18 U.S. states, with active operations in 12, including 15 cultivation and production facilities comprising over 1,180,000 square feet. Verano designs, builds, and operates dispensaries under retail brands including Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets.

The Director of Finance – Debt will be responsible for building and maintaining banking, investment, and equity fund relationships and facilitate and close any and all Verano debt transactions with the most favorable terms possible.

Essential Duties and Responsibilities:

  • Identify, negotiate, and refinance complex commercial real estate debt investments across several states and markets
  • Develop and maintaining strong relationships with borrowers, mortgage bankers, real estate brokers, commercial and investment banks, developers, and investors
  • Ensure compliance with all underlying mortgage loan refinance terms and conditions
  • Assist in overseeing treasury and analyzing corporate debt
  • Prepare and submit all proper loan documentation
  • Maintain all loan documentation and develop periodic internal debt market reporting
  • Evaluate risk/return within real estate capital structure
  • Utilize credit skills to identify strengths and weaknesses of a potential refinancing deals
  • Leverage existing and foster new relationships with debt capital providers
  • Monitor micro/macro real estate market conditions, attend real estate related conferences, and stay up to date on the mortgage refinance market
  • Assist in future commercial real estate acquisitions and transactions
  • Perform other duties as assigned by management

Minimum Qualifications:

  • Bachelor's or equivalent degree in finance or a related field required
  • 7+ year(s) of related mortgage loan and/or real estate finance experience required
  • Possess superior mortgage loan negotiation skills
  • Strong verbal and written communication skills. Present themselves professionally and ethically
  • Maintain sensitivity to corporate needs, employee goodwill, and public image
  • Microsoft Office, specifically in Microsoft Word and Excel, experience required
  • SAP experience is a plus
  • Ability to think critically and provide creative solutions as needed

Physical and Mental Demands:

While performing the duties of this job, the employee is frequently required to remain in a stationary position, move and/or position oneself, communicate, operate and/or prepare, place, position objects, tools, or controls. The employee must occasionally move packages weighing up to 10 lb. Specific vision abilities required by this job include close observation and the ability to adjust focus. The mental and physical requirements described here are representative of those that must be met by an individual, with or without reasonable accommodation, to successfully perform the essential functions of this position.

Working Environment:

Work is performed in an office environment. The noise level in the work environment is usually moderate. The work environment characteristics described here are representative of those an individual encounters while performing the essential functions of this position.

EEO Statement:

We are proud to be an equal opportunity employer. We place priority in an environment of inclusion, diversity and social justice and are committed to securing a better, brighter way forward for our employees, our markets, and our communities.

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