Career Opportunities


Asset Manager

An Asset Manager is responsible for ensuring investors receive anticipated benefits associated with an assigned portfolio of multifamily real estate partnerships by proactively monitoring the investments’ operational performance, compliance with Section 42 of the IRC, and regulations of other applicable housing programs, funding sources, and laws. An Asset Manager identifies performance concerns and works to resolve them, to maximize return on investments, prevent losses, and promote positive relations with investors and owner/managing partners. Timely communication of concerns and potential solutions to all stakeholders is essential in order to address portfolio matters as soon as possible. Successful portfolio management is accomplished by evaluating reports, inputting accurate and timely data, preparing and interpreting historical and trend analyses, and performing regulatory and physical site assessments.

Some specific functions include, but are not limited to, the following:

• Identify operational or regulatory issues and work to resolve them in order to maximize return on investments, prevent losses, and promote positive relations with investors, owners, and managing associates.
• Evaluate reports, maintain accurate and timely data, prepare and interpret historical trends, perform site inspections, and consult with all stakeholders.
• Maintain frequent verbal and written communication with developers, property management agents, state agency representatives, and other associates during the construction and management of the properties.
• Participate in investment review meetings and provide technical assistance and support to the Acquisitions, Fund Management, and Risk Management departments.

Education Requirement
Bachelor’s degree in business management, business administration, accounting, finance, real estate. Or, an equivalent combination of education and comparable work experience.

Work Experience
Minimum of three (3) years of relevant multi-family residential real estate experience which includes physical site inspections and the review and interpretation of property financial statements.

Other Requirements
Intermediate Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills, coupled with the ability to maintain productive working relationships with all stakeholders. General knowledge of accounting, financing processes, and residential, multi-family property management best practices. Ability to collaborate in a team environment.

Work Environment
This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 25% of this position. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

The position is classified as an exempt position.

Fund Analyst

A Fund Analyst is responsible for managing, modeling, reporting, and providing management accounting for all types of a limited partnership’s tax credit investments and related entities. This position ensures data integrity, analyzes and updates data in projections, performs cash management, sets up accounting system for new entities, and prepares, approves and delivers reports.

Some specific functions include, but are not limited to, the following:

  • Manage 15 year projections for tax credit investments, changes in investments, investor capital calls, and actual and projected tax benefits for multiple limited partnerships.
  • Analyze variances including impact to IRR, changes to investor capital call schedule, and changes to tax benefits.
  • Manage cash balances to ensure sufficient capital over the life of limited partnership. Analyze cash needs, collaborate with all departments and manage investor capital call process.
  • Daily monitoring and processing of financial transactions via online banking platforms.
  • Manage the accounting functions of assigned investments via CAHEC’s accounting system, and generate financial statements in conformity with GAAP, company policies, and internal controls.
  • Prepare annual audit and tax work papers for multiple limited partnerships.
  • Reconcile limited partnerships’ tax returns to projections and resolve all variances.
  • Prepare and publish a variety of portfolio reports within prescribed deadlines.

Education Requirement
Bachelor’s Degree in accounting or finance; or an equivalent combination of education and comparable work experience.

Work Experience
Minimum three (3) years progressively responsible work experience in both managerial and GAAP accounting, data integrity, modeling and forecasting.

Knowledge, Skills, and Abilities
This position requires a solid knowledge of GAAP, the ability to run complex Excel models, and strong attention to detail. Qualified candidates must possess strong verbal and written communication skills, the ability to prioritize and meet deadlines, and the ability to manage confidential data. This position requires experience with Excel (intermediate level), Word, Outlook, Adobe and accounting software.

Work Environment
This position is based out of CAHEC’s corporate office in Raleigh, NC, which is an accessible, ergonomically equipped office environment. Professional training and continuing education opportunities may also require the employee to travel to and from conference and meeting locations.

This position is classified as an exempt position.

Manager, Acquisitions

The Manager, Acquisitions is responsible for managing the day-to-day operations of the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions in strategic planning and budgeting. The position is responsible for the origination, underwriting, due diligence review, and closings of complex real estate transactions. The position analyzes, evaluates, structures, and formulates recommendations regarding investment in complex real estate investment transactions. The position also leads and participates in the preparation and presentation of investment reports for review and approval.

Some specific functions include, but are not limited to, the following:

  • Manage the day-to-day operations within the Acquisitions Department including the direct supervision of assigned staff.
  • Assist the VP, Acquisitions with departmental recruitment of new staff.
  • Assist in the development and implementation of strategic short and long term goals for Acquisitions.
  • Assist with the creation and implementation of department policies and procedures.
  • Establish and maintain relationships with developers specializing in tax credit eligible commercial real estate and related industry participants.
  • Prepare offers and negotiate commitments to provide investment equity for tax credit eligible properties.
  • Perform financial modeling and analysis to assess financial feasibility and economic return on investment opportunities.
  • Prepare recommendations on improving financial feasibility and/or economic return on investment opportunities.
  • Evaluate commercial real estate investment opportunities based on local market conditions, locational and environmental characteristics, and the experience and capacity of the development team.
  • Actively manage investment closings by overseeing due diligence collection and review, investment report generation and approval, and the drafting and execution of closing agreements.
  • Develop and maintain current knowledge of industry trends, transaction structures, and federal and state tax credit programs for commercial real estate properties.
  • Participate in formulation and recommendation of departmental goals, objectives, budgeting, policies, and procedures.

Education Requirement
Bachelor’s degree in real estate, finance, business, city planning, or economics. Or, an equivalent combination of education and comparable work experience.

Work Experience
Minimum five (5) years progressively responsible work experience relevant to commercial real estate development, finance, or investment modeling; and direct work experience and knowledge of Low Income Housing Tax Credits.

Minimum four (4) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, strategic planning, and budgeting.

Other Requirements
Advanced Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills, coupled with the ability to be diplomatic with all stakeholders. Ability to adapt between details-orientation and the larger business picture. Ability to collaborate in a team environment.

Work Environment
This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 10% of this position. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

The position is classified as an exempt position.

Marketing Specialist

The Marketing Specialist is responsible for performing and managing all internal and external communication and marketing functions of CAHEC and its affiliated entities. Some specific duties include website maintenance, content writing and editing for various publications and marketing pieces, and event planning. This position will collaborate with both internal CAHEC staff members and external consultants to help meet the goals and objectives of the Communications division while adhering to CAHEC’s corporate brand guidelines.

Some specific functions include, but are not limited to, the following:
• Assist management with strategic planning, budgeting, and implementing policies and procedures.
• Manage the production and ongoing evaluation of all monthly publications, marketing projects, and mass communications..
• Represent CAHEC at select local and out-of-state conferences and events by speaking with potential and current partners about CAHEC’s corporate capabilities.
• Oversee the CAHEC website including creating new content, regular maintenance, and ensuring site meets industry standards regarding usability and design.
• Assist with the planning of the annual CAHEC Partners Conference, along with various other company events.
• Oversee the corporate sponsorships for CAHEC at industry events and conferences.
• Manage all promotional marketing materials and company giveaways.

Education Requirement
Bachelor’s Degree in marketing, communications, public relations, or English. Or, an equivalent combination of education and comparable work experience.

Work Experience
Minimum three (3) years progressively responsible work experience in writing and editing, newsletter and marketing material development, project management, website management, and event planning relevant to communications and marketing.

Other Requirements
Comprehensive knowledge and proven application of marketing and communications principles and practices. Proven ability to (i) manage multiple, concurrent, and changing priorities with attention to detail, (ii) demonstrate clear and concise interpersonal and customer service skills, (iii) demonstrate excellent proofreading and editorial skills, and (iv) demonstrate planning skills with limited direct supervision. Proven ability to demonstrate intermediate proficiency in Microsoft Word, Microsoft PowerPoint, and Microsoft Excel, along with intermediate proficiency in design software, website management tools, and Customer Relationship Management applications.

Work Environment
This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 15% of this position. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

The position is classified as a non-exempt position.

Vice President, Risk Management (Underwriting)

The Vice President, Risk Management is a member of the senior management team and participates in company-wide strategic planning, business development, policy formulation, budgeting, and corporate administrative functions. This position leads Risk Management and is responsible for supervising adherence to CAHEC underwriting and credit risk guidelines, project monitoring standards, and equity funding criteria in complex real estate investments. The position directly supervises the Risk Managers, Construction Manager, and Post Closing Specialist.

Some specific functions include, but are not limited to, the following:

  • Collaborate as a member of CAHEC’s Management Team in the creation of overarching annual corporate goals and three-year objectives.
  • Lead the day to day operations of the Risk Management department including direct supervision, training, and coaching of assigned staff.
  • Demonstrate and support a culture of candor and transparency by fostering ideas, solution based thinking, fairness, and best practices.
  • Establish credit underwriting policies and procedures and update as market conditions warrant for proprietary and multi-investor funds.
  • Represent Risk Management and actively participate throughout CAHEC’s investment approval process.
  • Serve as final quality control on development budgets, investment pro formas, and other project underwriting reports.
  • Supervise the construction underwriting process from investment closing until final equity pay.
  • Supervise the post-closing equity funding process including the approval of funding recommendations.
  • Establish and maintain relationships with developers, investors, allocating agency staff, third-party professionals, and other participants in the affordable housing industry throughout the CAHEC’s geographic area of operations.

Education Requirement
Bachelor’s degree in a related field such as real estate, finance, business, city planning, or economics. Or, an equivalent combination of education and comparable work experience. Advanced degree in a relevant area of study preferred.

Work Experience
Minimum six (6) years progressively responsible leadership experience within a senior level management team which includes the management functions of supervising and coaching multiple direct reports, performance management, strategic planning, and budgeting.
Minimum ten (10) years progressively responsible experience in risk management related to the underwriting of real estate assets within the multi-family housing industry.

Other Requirements
A successful candidate must have:

  • A proven ability in supervising complex underwriting processes.
  • Advanced knowledge of commercial real estate development, construction, and corporate and partnership legal and taxation issues.
  • Advanced knowledge of financial management principles related to multi-family housing and LIHTC Program including Section 42 of the IRC and the ability to expand and effectively apply this knowledge to CAHEC’s investment portfolio.
  • Excellent interpersonal and communication skills
  • Proven abilities in supervising direct reports including conducting performance management.
  • The ability to formulate, document, and implement formal policies and procedures.

Work Environment 
This position is based out of CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 15% of this position. Certain objectives require working on-site at various locations, such as properties in CAHEC’s investment portfolio, and some professional training opportunities may also require travel.

The position is classified as an exempt position.