Career Opportunities


Acquisitions Analyst

The Acquisitions Analyst will analyze, evaluate, structure and formulate recommendations regarding investment in complex real estate investment transactions. This position provides professional and technical support to the Acquisitions Department by preparing financial models and reports generated from financial models. The position will also assist with the preparation and presentation of investment reports.

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

  • Prepare pro formas and other financial models for real estate-based investments.
  • Create spreadsheets, charts, and graphs used to illustrate technical reports.
  • Perform scenario modeling to identify the impact of specified variables.
  • Analyze data and provide recommendations on financial feasibility and alternate structuring.
  • Prepare reports comparing date from financial models against provided data sets.
  • Develop and maintain expertise in federal and state tax credit programs
  • Participate in the formulation and recommendation of departmental goals, objectives, budgeting, policies, and procedures.

Education Requirement
Bachelor’s degree is required. A degree in math, finance, business, accounting or economics preferred.

Work Experience
Minimum one-year work experience in finance or investment modeling. Experience with tax credit programs such as Low Income Housing Tax Credits (LIHTC) is preferred.

Other Requirements
Advanced Excel and Word skills. Excellent analytical skills. Excellent verbal and written communication skills. Ability to set priorities and meet critical deadlines. Ability to collaborate in a team environment.

This position is classified as an exempt position.

Acquisitions Manager

The Acquisitions Manager analyzes, evaluates, structures, and formulates recommendations regarding investment in complex commercial real estate transactions. The position is responsible for the originations, underwriting, due diligence review, and closing of complex commercial real estate 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:
• 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.

Work Experience
Minimum three (3) years progressively responsible work experience relevant to commercial real estate development, finance. or investment modeling. Or minimum one (1) year direct work experience and knowledge of Low Income Housing Tax Credits and advanced relevant education and training.

Knowledge, Skills, and Abilities
General knowledge of commercial real estate development, the Low Income Housing Tax Credit program, and associated governing regulations. Advanced Excel and Word skills. Excellent analytical skills and the ability to analyze and develop complex financial models. 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.

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.

Vice President, Risk Management (Underwriting Emphasis)

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 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:

  • Lead the day-to-day operations of the Risk Management Department which includes direct supervision, training and coaching of department managers, and other assigned department staff Create leadership at every level by building a strong, deep bench below the functional leaders and promote a culture of accountability focused on CAHEC’s Principles and Values.
  • Establish overarching annual corporate goals, three-year objectives, and aggressive departmental goals that support CAHEC’s bedrock goals. Frequently review actual performance, and champion the merits of all goals by leading a culture that values metrics and demonstrates a strong results orientation.
  • Take ownership of the business and its performance. Support and ensure operating excellence using a targeted business strategy based on market trends, surveys, and analysis of competition.
  • Establish CAHEC’s overarching annual corporate goals and three-year objectives. Establish aggressive departmental goals that support CAHEC’s bedrock goals and frequently review actual performance to ensure achievement. Champion the merits of all goals by leading a culture that values metrics and demonstrates a strong results orientation.
  • Establish credit underwriting policies and procedures, and update as market conditions warrant, for proprietary and multi-investor funds.
  • Participate in and approve project investment reviews as a voting member of the Technical Review Committee and represent the Department in project reviews by the Investment Committee.
  • Serve as final quality control on development budgets, investment pro formas, and other project underwriting data.
  • Supervise construction underwriting and project inspection process from closing until final equity pay.
  • Supervise post-closing equity funding process and approve fundings recommended by staff through checklists and other internal controls. Serve as authorized bank account signor and review and approved project equity wire transfers.
  • Establish and maintain relationships with developers, investors, allocating agency staff, consultants, and other participants in the affordable housing industry throughout the Company’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
Candidates will have a proven ability in supervising complex underwriting processes and advanced knowledge of commercial real estate development, construction, corporate and partnership legal and taxation issues, and financial management principles related to multi-family housing. Also, the role requires advanced knowledge of the LIHTC Program including Section 42 of the IRC and application of this knowledge to CAHEC’s investment portfolio. Finally, applicants must have excellent interpersonal and communication skills, proven ability in supervising direct reports including conducting ongoing performance management, and 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, or properties, in CAHEC’s investment portfolio. Some professional training opportunities and industry conferences may also require travel.

The position is classified as an exempt position.

CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.


How to Apply

All applicants are required to submit a resume, cover letter, and CAHEC application to:

Human Resources
HumanResources@cahec.com
7700 Falls of Neuse Road
Suite 200
Raleigh, NC 27615
Fax 919.532.1817