Project Manager-Syndication
Location: Raleigh, NC
Department: Acquisitions & Risk Management
Employment Type: Full-time, Exempt
About the Employer
CAHEC is a community investment organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions. CAHEC engages in diverse product areas, including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. Additionally, CAHEC offers loan programs, wellness and education initiatives for residents, affordable housing development, and property management services.
Role Summary
The Project Manager - Syndication leads the due diligence review, final underwriting and approval, and closing of complex real estate transactions. The position manages the closing schedule and event milestones while providing timely reporting and updates for participants and works in tandem with Risk Managers to prepare and present investment reports to obtain required closing approvals.
What You'll Do
- Establish and communicate with participants a closing schedule and key deliverables to meet equity closing objectives
- Coordinate with development team, internal staff, and CAHEC counsel to manage the collection and review of due diligence while maintaining quality control over the process
- Collaborate with internal staff to prepare investment reports, review key analytics and underwriting, and obtain required approvals for equity closings
- Work with CAHEC counsel to produce and finalize equity closing agreements consistent with the approved investment conditions
- Close equity investments and transition closed investments to CAHEC's Asset Management group
Required Qualifications
- Bachelor's Degree in project management, operational research, real estate, finance, business, city planning, 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 lending
- Direct work experience and knowledge of multi-family housing development
- 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)
- Ability to manage multiple, current priorities and easily adapt to changing priorities
- Ability to think analytically to develop and recommend effective solutions
- Proven ability to analyze and develop complex financial models in MS Excel
- Ability to negotiate complex transactions tactfully
- Excellent interpersonal and communications skills (written and verbal)
- Ability to foster effective working relationships with peers and partners
Physical Requirements & Working Conditions
This position is based out of CAHEC's corporate office in Raleigh, NC and requires a hybrid work arrangement with a minimum of three days per week in the Raleigh office. 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 potential investments and properties in CAHEC's investment portfolio, and some professional training and networking opportunities may also require travel.
Compensation
Competitive compensation package commensurate with experience, education, and level of responsibility.
Benefits
CAHEC offers a very competitive benefits package.
How to Apply
For more information and to apply, please visit www.cahec.com.
Equal Opportunity Statement
CAHEC is an equal-opportunity employer.
