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 Acquisitions 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 eleven states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

The Acquisitions Manager fosters industry relationships and is responsible for the origination, 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. The employment classification for this position is exempt.

Some specific functions include:

  • Establishing and maintaining relationships with clients and industry participants and providing technical assistance relating to tax credit programs and industry trends.
  • Evaluating, negotiating, and securing commitments for equity placements by CAHEC-sponsored funds in entities with allocation of tax credits.
  • Collaborate with internal staff to prepare investment screening reports and to obtain required approvals for conditional commitments and equity closings.
  • Coordinate with development team. Internal staff, and CAHEC counsel to manage the collection and review of due diligence, preparation of closing documents, and the execution of closing documents.

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

Work Experience: Minimum three (3) 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.

Knowledge, Skills, and Abilities: General knowledge of commercial real estate development, construction, corporate structuring, taxation, property management, and the Low Income Housing Tax Credit Program (Section 42 of the IRC) is required. 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 is needed. Proven ability to analyze and develop complex financial models as well as negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills (written and verbal) are needed 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 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.

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.