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.

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.

Underwriting Internship

The Acquisitions Department  is currently seeking candidates for a paid internship. Applicants should be available to work full-time during the summer and part-time (8-12 hours per week) during the 2017-2018 school year.

This position will assist with all aspects of underwriting Low Income Housing Tax Credit investments, Historic Tax Credit investments, and New Markets Tax Credit investments. Typical duties include financial modeling, market research, due diligence reviews, assisting with the annual New Markets Tax Credit application, and preparation of letters and reports. This position offers the opportunity to visit local sites and attend meetings with investors and developers.

Education
Candidate must have a bachelor’s degree in real estate, finance, business, city planning, or economics and is currently enrolled in a graduate program leading to a Master of Regional Planning degree or equivalent.

Experience
Minimum of one academic year completed. Prefer students who are currently enrolled in or have completed coursework focusing on affordable housing and real estate finance or have community development finance or affordable housing work experience.

Computer skills
Must possess advanced Microsoft Excel modeling skills and be proficient in MS Word.

Work Environment
This position is based out of CAHEC’s corporate office in Raleigh, NC.

Thus position is classified as a temporary non-exempt position.