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.

Vice President, Asset Management

The Vice President, Asset Management is a member of the senior management team and participates in companywide strategic planning, business development, policy formulation, budgeting and corporate administrative functions. The position leads Asset Management and is accountable for the financial performance of CAHEC’s investment portfolio and the department. The Vice President, Asset Management is responsible for the (i) leadership, coaching, and development of Asset Management department staff, (ii) partnership administration, operational performance, and compliance of CAHEC’s investment portfolio, and (iii) provision of industry leadership, vision, and resources necessary to maintain the department’s strategic competitive advantage.

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

  • Lead the day-to-day operations of the Asset 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.
  • Act as a fiduciary for CAHEC’s investor partners and oversee the implementation of portfolio partnership requirements including property site visits, asset compliance, and all reporting.
  • Serve as knowledge expert, while coaching and leading staff, throughout the processes of adding and disposing portfolio investments.
  • Ensure accurate and timely monitoring and reporting of investment performance including the impact of any instances where the continuing compliance and delivery of tax credits may be jeopardized.
  • Oversee all aspects for identifying and reporting out of compliance portfolio assets using performance risk ratings and oversee strategies for resolving asset underperformance.
  • Establish and maintain relationships with developers, investors, allocating agency staff, consultants, and other participants in the affordable housing industry throughout CAHEC’s geographic area of operations.
  • Represent CAHEC as a thought leader by participating in industry events and serving as an asset management subject matter expert.

Education Requirement
Bachelor’s degree in a related field such as real estate, management, finance, business, accounting, or city planning. Or, an equivalent combination of education and comparable work experience.

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 relevant to multifamily real estate investment performance, portfolio management, and problem resolution.

Knowledge, Skills, and Abilities
Successful applicants must have a proven ability to directly manage and lead a team, oversee a portfolio of real estate assets and identify and implement corrective actions for non-conforming assets. Applicants must possess comprehensive knowledge of Section 42 of the Internal Revenue Code, HUD programs, accounting and financing of real estate assets, and property management techniques and functions. Applicants must also have excellent communication and organizational skills and the ability to develop and formally document complex processes. 

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, within CAHEC’s investment portfolio. Some professional training opportunities and attending industry conferences may also require travel.

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.