Career Opportunities


Acquisitions Analyst

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.

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.

The employment classification of this position is exempt.

Compliance Manager

The Compliance Manager is a member of CAHEC’s Transitional Asset Management Team, providing regulatory oversight for a portfolio of investments from transaction closing through stabilization. This position reviews proposed deal structures contemplated during the acquisition phase as they relate to various program requirements, manages the initial tenant file audit process, monitors and reports lease-up progress, tracks the delivery of tax credits, and calculates credit adjusters. After investment stabilization, the Compliance Manager provides regulatory guidance and acts as a subject matter expert to both internal and external customers regarding LIHTC provisions as well as other applicable multi-family, affordable housing programs.

Some specific functions include:

  • Review the marketing strategy and lease-up objectives for each investment to ensure they are realistic and achievable.
  • Create and provide strategies to expedite the tenant qualification process and tax credit delivery for CAHEC’s proposed investments.
  • Review weekly lease-up progress with management agents and monitor the achievement of full qualified occupancy.
  • Calculate initial year tax credit delivery as well as timing and delivery adjusters.
  • Oversee the initial tenant file qualification process, including the selection and management of third-party contractors responsible for conducting initial tenant file reviews on CAHEC’s behalf.
  • Serve as CAHEC’s compliance subject-matter expert by providing ongoing regulatory support and coaching.

Education Requirement
Bachelor’s degree in business management, business administration, accounting, finance, real estate; or an equivalent combination of education and comparable work experience. Licenses/Certifications:  At least one industry accredited LIHTC compliance certification.

Work Experience
Minimum five (5) years of progressively responsible work experience relevant to LIHTC compliance practices and procedures, and marketing and lease up of multifamily assets.

Knowledge, Skills, and Abilities
Comprehensive knowledge of the LIHTC program and other applicable housing programs such as HOME, RD 515 and HUD. Comprehensive knowledge of the tax credit delivery process, including 8609s and equity adjustment calculations.

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.

 

Manager, Human Resources

The Manager, Human Resources manages and supports certain aspects of CAHEC’s human resource functions supportive of a professional corporate culture and work environment that reinforces the mission, goals, and objectives of CAHEC. The position supports certain human resource functions such as recruiting, benefits administration, employee relations, developing policies, and interpreting employment laws. The position requires adherence to the highest degree of professional standards and strict confidentiality with regard to employee and company information. The position reports to the Vice President, Finance & Operations. The Fair Labor Standards Act classification for this position is exempt.

Some specific functions include:

  • Manage the day-to-day operations of the Human Resources division.
  • Identify human resource opportunities to support or enhance companywide goals and initiatives and make recommendations for implementation. Anticipate challenges and facilitate resolutions so initiatives can progress in a timely manner without unnecessary delays.
  • Create, implement, and maintain corporate human resource policies and procedures in accordance with industry trends, best practices, and employment legislation.
  • Collaborate with CAHEC’s Talent Management Committee and benefits consultants to determine and implement competitive benefits programs.
  • Manage CAHEC’s entire recruitment process by leading and assisting hiring managers with the recruitment, interviewing, and selection of qualified candidates.
  • Lead and coach supervisors in performance management by training in best practices for coaching and discipline. Assist supervisors with developing training and performance improvement plans and suggest resources for employee professional development.
  • Assist with the preparation of CAHEC’s annual budget and quarterly forecasting as it relates to human resource expenses.

Education Requirement

Bachelor’s Degree in human resources or related field; or an equivalent combination of education and comparable work experience.

Work Experience

Minimum six (6) years progressively responsible work experience in human resources developing policies, and interpreting employment laws with at least two (2) years of experience in a senior level position overseeing strategic corporate human resource policies.

Knowledge, Skills, and Abilities

Comprehensive knowledge of applicable employment and labor laws. Proven ability in coaching for performance, implementing benefit programs, and developing position descriptions and corporate policies. Intermediate proficiency in Microsoft Word and Excel including the programming of models and forecasting.

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.

Manager, Risk Management

The Manager, Risk Management is responsible for co-managing the day-to-day operations of assigned functions within the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions in strategic planning, budgeting, and departmental administration. This position analyzes, evaluates, and formulates recommendations regarding investment in complex real estate transactions. The Manager, Risk Management determines and documents adherence to underwriting guidelines, credit-worthiness, and provide recommendations for mitigating risks. This position oversees the pre-screening of investment opportunities and actively participates in the preparation and presentation of investment reports for review and closing approval.

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

  • Assist the Vice President, Acquisitions with the management of day-to-day operations for the department by directly supervising and leading Risk Managers and other assigned staff in a manner supporting a productive, timely, and collaborative work environment focused on CAHEC’s work objectives and goals.
  • Review proposed investment opportunities against underwriting standards and sound industry practices to identify potential risks and collaborate with Acquisition Managers on acceptable mitigation strategies prior to the issuance of any conditional commitments.
  • Lead the underwriting and review of due diligence for investments in closing and collaborate with CAHEC staff and counsel to address risks and variances identified during the underwriting process.
  • Participate in the preparation and presentation of investment reports required for investment approval and closing.

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 five (5) years’ progressively responsible work experience relevant to commercial real estate development, finance, investment modeling, or underwriting.

Minimum two (2) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, strategic planning, and budgeting.

Knowledge, Skills, and Abilities
Comprehensive knowledge of the LIHTC Program, commercial real estate development, corporate and partnership legal and taxation issues, financial management principles, and property management practices is required. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary. The ability to analyze complex financial models and to negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills are required as is the ability to develop effective creative solutions based on communications with 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, or properties, within CAHEC’s investment portfolio. Some professional training opportunities and attending industry conferences may also require travel.

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

The employment classification for this position is exempt.

Manager, Transitional Asset Management – LIHTC

The Manager, Transitional Asset Management leads CAHEC’s Transitional Asset Management team which provides development period oversight for a portfolio of investments from closing through stabilization. This position coordinates and assigns specific tasks to the Transitional Asset Management team members responsible for construction management, tax credit compliance, equity funding, and development-period asset management. This position is also responsible for direct asset management oversight of a portfolio of development-period investments.

Some specific functions include:

  • Manage and coordinate the day-to-day operations of the Transitional Asset Management team. Oversee and evaluate the performance of assigned staff, promote staff development, and support maximum productivity of the department through on-going coaching, mentoring, and constructive performance feedback.
  • Monitor the delivery of expected tax credits during the development period. Report and mitigate any issues that may prohibit, delay, or jeopardize delivery of projected tax credits, or hinder the ability of the property to achieve or sustain financial integrity.
  • Review draft and final cost certifications to ensure adequate documentation of eligible and qualified basis.
  • Review equity and loan funding requests, and prepare equity adjustment calculations as necessary.
  • Determine the achievement of break-even operations, ensure timely conversion to permanent financing, and calculate net income/(loss) projections.

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 affordable housing tax credit development, underwriting, investment modeling, finance, and/or asset management.
Minimum two (2) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, operational planning, and budgeting.

Knowledge, Skills, and Abilities
Comprehensive knowledge of commercial real estate development, construction, corporate and partnership legal and taxation issues, financial management principles, and property management principles and practices, including specific requirements for low-income housing tax credits.
Comprehensive knowledge of the tax credit delivery process, including cost certifications, 8609s, and equity adjustment calculations.
Proven ability to supervise multiple direct reports including training, coaching, and performance management.

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 30% 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.

Special Assets Manager – LIHTC

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 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.
  • Report on troubled asset performance at quarterly investment performance meetings.

Education Requirement
Bachelor’s degree in real estate, finance, business, city planning, or economics.

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, forecasts, and 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.