Manager, Acquisitions

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 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 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 & Risk Management in strategic planning and budgeting. The position is responsible for the origination, due diligence review, and closings of complex, real estate 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 Vice President with the management of day-to-day operations for the department by directly supervising and leading Acquisitions Managers and other assigned staff in a manner supporting a productive, timely, and collaborative work environment focused on CAHEC’s work objectives, goals, and staff development.
• 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 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 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.  CAHEC ‘s current environment provides flexibility requiring employees to work a minimum of four days per month in our Raleigh office. Travel, typically by either commercial airline or automobile, is required for at least 5% 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 package which is based on a hiring range that is commensurate on experience, education, and level of responsibility.  CAHEC also offers a very competitive benefits package.

CAHEC’s Diversity Statement: At CAHEC, our mission is to envision our workplace as a community: a place where there is a foundation committed to fostering diversity, equity, and inclusion, creating an intentional culture where all values and ideas are embraced and employees can bring their authentic selves to work, and to instill a sense of belonging by creating an environment where all employees will thrive.

For more information and how to apply: please visit www.cahec.com.