Careers

Employees at CAHEC

Current Opportunities

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Acquisitions Analyst. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 600 assets in eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Acquisitions Analyst will analyze, evaluate, structure, and formulate recommendations regarding investment in complex real estate transactions. The position provides professional and technical support to Acquisitions by preparing financial models, populating documents with model data, and managing and coordinating the distribution of data. The employment classification for this position is exempt.

Some specific functions include:

  • Extensive financial modeling using existing templates and custom spreadsheets to evaluate real estate and related investments with tax credits.
  • Data interpretation to identify and make recommendations on factors affecting yield, pricing, and future trends for modeled investment opportunities.
  • Document preparation using data from financial models to populate internal reports and assist with acquisition and closing documents.
  • Data management by maintaining version control for financial models, uploading current modeling data into designated corporate systems, and coordinating with other departments on the status of modeled investments.

Education Requirement: Bachelor’s Degree in planning, math, finance, business, accounting, or economics or related field; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum one (1) year progressively responsible work experience in finance, data analysis, or investment modeling; or relevant education and training.

Knowledge, Skills, and Abilities: Advanced proficiency in Microsoft Word and Excel are required as is the proven ability to analyze and develop complex financial models. General knowledge of real estate pro formas and the Low Income Housing Tax Credit Program (Section 42 of the IRC) is needed. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary as is the ability to think analytically to develop and recommend effective solutions. Excellent interpersonal and communications skills (written and verbal) are required as is the ability to foster effective working relationships with peers and partners.

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

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Management Analyst. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that fosters healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 750 assets in twelve states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Asset Management Analyst manages portfolio data to facilitate interdepartmental reporting processes, to support the asset management team, to meet stakeholder requirements, and to respond to ad hoc requests for analysis. Some of the primary duties of this position include ongoing maintenance of CAHEC’s database, the ability to create and utilize outputs (customized and recurrent reports), and to analyze and present investment performance data. This position will also be responsible for the review and processing of various administrative tasks as required by the department.

The employment classification of this position is non-exempt.

Some specific functions include:

  • Track, review, input and update investment operational and financial data into CAHEC’s database and applicable spreadsheets.
  • Assist in maintaining the integrity of CAHEC’s database by developing and executing quality control processes and procedures.
  • Extract and manipulate portfolio performance data to meet standard reporting deadlines and investor expectations.
  • Provide portfolio and investment analyses, and other reports in response to requests from senior management, Board of Directors and external parties.
  • Assist in the calculation and tracking of asset management fees and net cash flow payable to CAHEC and its investment funds.
  • Assist the Managers, Asset Management and the VP, Asset Management in reviewing quarterly risk ratings for data integrity.
  • Track the collection of mid-year compilations and year-end deliverables, including tax returns, audits, workpapers and other documentation.

Education Requirement: Associates Degree in business management, business administration, accounting, finance, real estate, information technology, or an equivalent combination of education and comparable work experience.

Work Experience: 2 years of analyst experience from any financial service, accounting or real estate organization.

Knowledge, Skills, and Abilities:

  • Experience in administering and maintaining databases.
  • General knowledge of real estate transactions, financing and management.
  • General knowledge of basic accounting and financing processes and procedures.
  • Intermediate proficiency in Microsoft Word, Excel, Outlook and PowerPoint.
  • Excellent interpersonal and communication skills (verbal and written).

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.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Fund Development Specialist. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC, with the mission to provide communities affordable housing and opportunities for growth and revitalization by investing in qualified tax credit products throughout the southeast and mid-Atlantic region by the formation of limited partnership entities.

The Fund Development Specialist is responsible for (i) fund due diligence, (ii) tax credit equity origination, and (iii) investor management. The employment classification for this position is non-exempt.

Some specific functions include:

  • Organize property level, fund level and CAHEC sponsor due diligence by collaborating with respective team members
  • Review property Credit Committee reports for consistency with investor underwriting matrices
  • Populate property level due diligence into CAHEC general and/or investor specific underwriting matrices and collaborate with team members regarding investor follow up questions
  • Collaborate with Communications Team to ensure prospective investor materials are current
  • Coordinate the recruitment, prospecting, and scheduling of meetings with investors as requested by management
  • Research bank assessment areas for overlap with prospective properties being sourced by the Acquisitions Team
  • Manage the input and balancing of investor CRA allocations
  • Manage and maintain current investor information in CAHEC’s CRM application

Education Requirement: Bachelor’s Degree in business administration, finance, economics, real estate; or an equivalent combination of education and comparable work experience.

Work Experience: Minimum two (2) years progressively responsible work experience in capital markets, real estate, tax credits or affordable housing.

Knowledge, Skills, and Abilities: Possess a basic understanding of investment banking via capital markets, securities analysis, mergers or acquisitions, commercial lending, real estate investments and evaluation, or investment modeling. Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing and accurately conveying information pertaining to fund and portfolio performance, marketing, negotiating, and other tax credit matters to internal and external stakeholders. Proven ability to manage multiple, concurrent priorities and easily adapt to constantly changing priorities to meet established timetables.

Work Environment: This position is based out of CAHEC’s corporate office in Raleigh, NC, which is an accessible, ergonomically equipped office environment. Additional duties and responsibilities require traveling to various locations to meet with partners or attend industry related events. Professional training and continuing education opportunities may also require the employee to travel to and from conference and meeting locations. Travel, typically by either commercial airline or automobile, is required for at least 10% of this position.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Fund Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC, with the mission to provide communities affordable housing and opportunities for growth and revitalization by investing in qualified tax credit products throughout the southeast and mid-Atlantic region by the formation of limited partnership entities.

The Fund Manager is responsible for managing, modeling, reporting, and providing management accounting for all types of a limited partnership’s tax credit investments and related entities. The 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. The employment classification for this position is exempt.

Some specific functions include:

  • Using Excel to update projections and program existing or new spreadsheets.
  • Managing, recording and documenting all cash and capital transactions across all systems including various online banking platforms.
  • Managing GAAP accounting system for multiple entities and providing documentation for annual audit.
  • Preparing, approving and delivering portfolio, financial statements, and investor reports within deadlines.
  • Preparing tax related schedules, reviewing and reconciling tax returns to systems.

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 progressive work experience in combined 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, (temporarily remote) 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.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Lending position for CAHEC Capital, Inc. – a nonprofit Community Development Financial Institution (CDFI) that serves as the lending affiliate of CAHEC. The Manager, Lending is a CAHEC employee who serves as the primary liaison to CAHEC Capital, Inc. The position is responsible for strategic planning, budgeting, raising and deploying capital, and administering the operations of CAHEC Capital and other CAHEC lending programs. Operational oversight includes providing administrative and professional support to the Board of Directors of CAHEC Capital and coordinating and managing the efforts of key CAHEC employees and third-party providers who support CAHEC Capital’s activities. Based on experience and judgement, the position analyzes, evaluates, and presents recommendations regarding the financing and investment in complex real estate transactions.

The employment classification or this position is exempt.

Specific functions include:

  • Independently manage CAHEC Capital’s Loan Programs that are geared specifically toward affordable housing developers within the LIHTC industry.
  • Oversee day-to-day operations of CAHEC Capital and serve as liaison to CAHEC Capital’s independent Board of Directors.
  • Pursue business development opportunities to expand and enhance borrower relationships and lending opportunities.
  • Evaluate existing loan products and develop new opportunities that support community development and affordable housing.
  • Oversee lending program operations including loan production goals; design and implementation of new and updated financial products and services; portfolio management; loan policies and systems, reporting of the loan portfolio reporting; loan servicing, and business development.
  • Manage the entire loan closing process including coordination with internal departments, borrowers, and external legal counsel.
  • Maintain CAHEC Capital’s status as a certified CDFI including reporting requirements and serve as the lead for all future grant applications.
  • Maintain a quality CAHEC Capital Board of Directors and provide ongoing analysis of operations and lending activities.

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

Work Experience: Minimum five (5) years progressively responsible work experience relevant to real estate financing and lending, including knowledge of underwriting and partnership law and taxation, the CDFI/community development financing industry, and/or Low Income Housing Tax Credits.

Knowledge, Skills, and Abilities: Working knowledge of lending including the loan functions of closing, servicing, reporting, and administration. Proven ability of the following: seek and develop productive working relationships in order to promote and present complex lending products, negotiate complex transactions tactfully, analyze and develop complex financial lending models, and demonstrate advanced proficiency in Microsoft Word and Excel.

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

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

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Post-Closing Coordinator. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that fosters healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 750 assets in twelve states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Post‐Closing Coordinator is an integral member of the Transitional Asset Management team and is responsible for managing the equity funding process for tax credit investment transactions undertaken by CAHEC‐managed investment funds. The position reviews legal documentation and funding requests for completeness, and initiates and coordinates the equity disbursement process based on achievement of specific investment milestones under the supervision of the Manager, Transitional Asset Management.

The employment classification of this position is non-exempt.

Some specific functions include:

  • Track, review and distribute post‐closing due diligence and receivables from various partners and third‐parties related to CAHEC equity investments.
  • Create and maintain up‐to‐date transaction forms, checklists, instructions, and contact lists for closed projects.
  • Obtain closing statement and wiring instructions for the closing equity payment from the Acquisitions Manager.
  • Obtain monthly construction draw requests, AIA forms, change orders, construction reports, and certificates of occupancy and substantial completion for all projects under construction. Relay documents to the Construction Manager for review.
  • Collect and review all equity funding requests from partners and the required supporting documents to initiate the disbursement process through the company database.
  • Accurately record equity requests and disbursements, including use of funds (development costs, reserves, developer fee) in company databases, spreadsheets, and logs.

Education Requirement: Associates Degree in business management, business administration, accounting, finance, real estate, information technology, or an equivalent combination of education and comparable work experience.

Work Experience: Minimum two years’ experience in processing complex real estate transactions, mortgage loans, or investment partnerships.

Knowledge, Skills, and Abilities:

  • Experience in administering and maintaining databases.
  • General knowledge of real estate transactions, financing and management.
  • Basic proficiency in Microsoft Word, Excel, and Outlook.
  • Excellent interpersonal and communication skills (verbal and written)

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 less than 10% of this position. Some professional training opportunities may require travel.

Compensation and Benefits: CAHEC is an equal opportunity employer that offers a competitive compensation and benefits package.

How To Apply

CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package. All applicants are required to submit a resume, cover letter, and CAHEC application to our Humans Resources Department at humanresources@cahec.com.