- Posted: over a month ago
CAHEC is a non-profit community development organization based in Raleigh, NC, that offers housing and life-changing opportunities to residents throughout its Southeast and Mid-Atlantic footprint. CAHEC’s product areas include investing in low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. CAHEC also provides loan programs, wellness and education initiatives for residents, affordable housing development, and property management services.
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.
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 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.
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 currently requires that the individual in this position work on-site for at least four days a month.
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.
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