Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Acquisitions. 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.
The Manager, Acquisitions is responsible for co-managing the day-to-day operations of the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions in strategic planning and budgeting. The position 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:
- Assist the Vice President, Acquisitions with the management of day-to-day operations for the department by directly supervising and leading a team of assigned Acquisitions staff that supports a productive and collaborative work environment focused on CAHEC’s work objectives and goals.
- Develop and maintain relationships with affordable housing industry professionals and provide technical assistance to CAHEC partners to facilitate the creation of tax credit-financed affordable housing in CAHEC’s footprint.
- Negotiate and secure commitments from developers to use CAHEC-provided equity for tax credit-financed affordable housing.
- Manage the closing process for equity investments by coordinating internal approvals and working with CAHEC counsel and the development team to execute equity investment agreements.
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.
Minimum five (5) 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.
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.
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.
For more information and how to apply: please visit www.cahec.com.