Cinnaire announced today that Brett Oumedian has been appointed Chief Financial Officer (CFO) effective April 7, 2020. Brett will succeed Christopher Cox who served Cinnaire since 1995 and announced his retirement in January. Brett brings more than 15 years of financial expertise to the role, serving most recently as Cinnaire’s controller for the past seven years where he played a key role in establishing best practices for the organization’s accounting operations, financial reporting and forecasting. Cinnaire’s board of directors and executive team laid out a comprehensive strategy for succession planning and Brett’s appointment as CFO aligns with the plan.
As CFO, Brett will be charged with managing Cinnaire’s fiscal functions. He will play a key role in facilitating financial strategy development along with providing leadership over capital allocation and business funding. He will also have a crucial role in maintaining relationships with partners, investors and lenders.
“As we deployed our succession plan, Brett emerged as a natural successor as CFO,” said Mark McDaniel, Cinnaire President & CEO. “Brett has an incredible track record at Cinnaire, and his deep knowledge of affordable housing and community development finance will be a big asset as he steps into the role. His expertise in operational finance and proven track record in capital raising and allocation make him uniquely qualified and we look forward to him joining our leadership team.”
Prior to joining Cinnaire, Brett was a manager with the national consulting and accounting firm Plante Moran. He has an expertise in the real estate and construction industry and has guided clients nationally to achieve business success through the establishment of sound financial processes. Brett holds an undergraduate degree in finance and a master’s degree in accounting from Michigan State University. He is a Certified Public Accountant in the State of Michigan.
Rachel Siminski has been named Controller at Cinnaire. In this position, Rachel will be responsible for Cinnaire’s accounting operations, internal controls, budgeting, tax affairs, financial reporting and forecasting. Rachel has been an Accounting Manager at Cinnaire since 2019.
Cinnaire is a non-profit financial partner that supports community and economic revitalization initiatives through creative investments, loans and development services. Since 1993, Cinnaire has invested $4.2 billion to develop 717 housing communities in 10 states, providing 47,000 affordable apartment homes for more than 100,000 individuals and families. In its mission to change lives and transform struggling neighborhoods into thriving communities, Cinnaire has helped to create or retain nearly 71,000 jobs and spur $7.9 billion in economic impact. www.cinnaire.com