Manager, Asset Management LIHTC

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Asset Management. 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, Asset Management  leads a fast-paced diverse team responsible for a growing LIHTC (Low Income Housing Tax Credit) portfolio. The position guides a group of asset managers in monitoring and reporting portfolio risks and responds to investor and Board inquiries. The  Manager, Asset Management plays a significant role in the leadership of the organization. The employment classification for this position is exempt.

Some specific functions include:

• Manage the day-to-day operations of an Asset Management team, which includes direct supervision of assigned department staff. Create departmental staffing plans and monitor progress toward objectives and goals, set priorities, and establish deadlines.
• Monitor and track portfolio performance trends. Benchmark portfolio performance against industry results and help partners optimize asset performance. Perform portfolio-wide trend analyses and assist in the preparation and presentation of reporting packages for CAHEC’s senior management, board, and external parties.
• Oversee, coach, and mentor assigned asset managers to identify and address operational, physical, financial, and compliance risks within their portfolios.
• Guide the management of aging assets by assigned Asset Managers in collaboration with other CAHEC departments to determine optimal exit strategies and timing. 

Education Requirement

Bachelor’s Degree in business management, business administration, accounting, finance, real estate; or an equivalent combination of education and comparable work experience. Master’s Degree a plus.

Work Experience Requirements

Minimum five (5) years progressively responsible work experience relevant to multi-family residential real estate which includes physical site inspections and the review and interpretation of property financial statements.

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

Comprehensive knowledge of the LIHTC program and HUD’s multifamily housing programs is required, along with a general knowledge of the Fair Housing Amendments Act of 1988, Americans with Disabilities Act, and Section 504 of the Rehabilitation Act of 1974.

Knowledge of basic accounting and financing processes and procedures.

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: Commensurate with education, experience, and job performance. The position is classified as an exempt position.

Benefits: Competitive benefits package including company-matched 401(k) plan.

CAHEC is an Equal Opportunity Employer. For more information and how to apply: please visit www.cahec.com.