Careers

Employees at CAHEC

Current Opportunities

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Manager. 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. CAHEC also invests in the people living in the properties it helps finance through its innovative enrichment opportunities called Community Investments.

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 financial statements and other 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 property financial and leasing reports, maintain accurate and timely data, prepare and interpret historical trends, perform site inspections, and maintain frequent verbal and written communication with all stakeholders.
  • Participate in investment review meetings and provide technical assistance and support to the Acquisitions, Fund Management, and other CAHEC 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 with a focus on the review and interpretation of property financial statements. Experience in the financial services industry is preferred.

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 asset 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.

Compensation: Commensurate with education, experience, and job performance. The position is classified as an exempt position.

Benefits: Competitive benefits package including company-matched 401(k) plan.

CAHEC is an Equal Opportunity Employer.

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 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 Transitional Asset Manager. 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 14 states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Special Assets Manager analyzes, structures, negotiates and closes complex tax credit transactions, including investor exits, asset dispositions, debt refinancing and workouts. This position is primarily responsible for overseeing the exit of CAHEC’s upper tier investors from the lower tier partnerships by (i) evaluating investor exit alternatives, (ii) negotiating transaction terms with investment general partners, (iii) working with CAHEC’s attorneys to document and close the transaction, and (iv) assisting CAHEC’s Fund Management Department in winding down the upper tier fund entities. The Special Assets Manager also manages troubled assets, with the goal of minimizing investment risk and maximizing performance.

Some specific functions include:

  • Analyze, negotiate, and close investor exits and property dispositions at the end of the tax credit compliance period or earlier, as appropriate.
  • Evaluate and close refinancing proposals submitted by investment general partners and propose refinancing opportunities to partners where appropriate.
  • Develop and implement workout plans for assets that pose immediate and/or costly risks to CAHEC and its investors.

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

Work Experience: Minimum five (5) years progressively responsible work experience relevant to multi-family real estate, including affordable housing tax credit development, underwriting, investment modeling, finance and/or asset management.

Knowledge, Skills, and Abilities:

  • Comprehensive knowledge of the LIHTC program, partnership agreement terms and IRS Section 42 requirements regarding capital transactions such as investor exits, property sales and refinances.
  • Proven ability to generate financial models and forecasts, and to understand investor benefit schedules.

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 20% 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.

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.