Career Opportunities


Acquisitions Analyst

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

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

  • 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.

Other Requirements
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.

This position is classified as an exempt position.

Asset Manager

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for an Asset Manager position. 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 communications with all stakeholders.
  • 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 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, 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.

Manager, Human Resources

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a 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.
  • Manage CAHEC’s entire recruitment process by leading and assisting hiring managers with the recruitment, interviewing, and selection of qualified candidates.
  • Manage CAHEC’s performance management system. 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 and hands on experience in implementing and administering BambooHR.  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, Lending

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.

Risk Manager

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Risk Manager. The Risk Manager works closely with other members of Acquisitions to identify and then minimize risks associated with proposed CAHEC investments. This position analyzes, evaluates, and formulates recommendations regarding investment in complex real estate transactions. The Risk Manager determines and documents adherence to underwriting guidelines, credit-worthiness, and provide recommendations for mitigating risks. This position pre-screens investment opportunities and actively participates in the preparation and presentation of investment reports for review and closing approval. The employment classification or this position is exempt.

Some specific functions include:
• Screen real estate investment opportunities and development teams to identify potential weaknesses based on market conditions, operating and financing assumptions, financial capacity, experience, or other considerations that could increase risk.
• Prepare pre-screening report prior to conditional commitment, perform reviews of due diligence material through investment closing, and participate in the preparation and presentation of investment reports.
• Compare proposed investment’s parameters in pro forma model and business terms against published underwriting criteria for variances. Collaborate with Acquisition Managers on responses to variances and other recommended mitigants.
• Review and interpret development budgets, operational proformas, and other relevant data necessary for project underwriting analysis.
• Review available metrics to form preliminary conclusions on market suitability and any recommended changes or areas for additional study.
• Establish new and maintain existing relationships with developers, investors, allocating agency staff, third-party vendors, consultants, and other participants in the affordable housing industry.

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, investment modeling, or underwriting. Work history in the affordable housing field preferred.

Knowledge, Skills, and Abilities: The Risk Manager will develop and maintain knowledge of industry trends, underwriting standards, and federal and state programs. This includes knowledge of commercial real estate development, multifamily housing issues, and the LIHTC program. Important skills include the ability to: meet established timetables, manage multiple priorities, coordinate and share work with others, listen and understand issues, think critically and analytically, propose solutions, and meet departmental objectives. The position requires tactfulness and strong interpersonal and communication skills regarding portfolio performance, compliance, and other tax credit matters to internal and external stakeholders. Proficiency in Microsoft Word and Excel is required.

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 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.