Finance Specialist

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.

The Finance Specialist performs accounting and finance functions supportive of a professional corporate culture and work environment that reinforces the mission, goals, and objectives of CAHEC and its affiliated entities. The position requires advanced knowledge in accounting principles and practices, as well as working experience preparing financial statements, performing financial projections, and developing customized financial reports utilizing batch accounting software. The position requires adherence to the highest degree of professional standards and strict confidentiality regarding employee and company information. The employment classification for this position is exempt.

Some specific functions include:

• Perform and manage accounting functions which include general ledger, accounts payable, accounts receivable, and notes receivable transactions.
• Oversee and perform all accounts payable accounting functions and transactions using batch accounting software and integrated modules. Manage accounts payable workflow and vendors in accordance with timelines, policies, and procedures.
• Oversee and perform all accounts receivable and notes receivable accounting functions and transactions using batch accounting software and integrated modules and applications.
• Oversee and perform financial transactions related to loan programs, which include loan disbursements, interest and principal payoff calculations, and managing lines of credit.
• Perform and manage certain functions of the month-end closing process which includes reconciliations, prepaid and fixed assets, general ledger expense allocations, and financial statement preparation.
• Work as a vital team member for coordinating and preparing annual budgets and quarterly financial reprojections based on annual performance.

Education Requirement

Bachelor’s degree in business, accounting, or finance; or an equivalent combination of education and comparable work experience.

Work Experience

Minimum five (5) years progressively responsible work experience in GAAP accounting.

Knowledge, Skills, and Abilities

General knowledge of advanced GAAP accounting and financing processes and procedures. Manage confidential information and maintain strict confidentiality regarding financial data, banking information, and corporate governance. Proven ability to demonstrate initiative and follow through, and manage multiple, concurrent priorities and easily adapt to constantly changing priorities to meet established timetables.

Work Environment

This position is based out of CAHEC’s corporate office in Raleigh, NC. CAHEC ‘s current environment offers a hybrid remote work benefit for eligible full-time employees meeting policy requirements based on their position. Travel, typically by either commercial airline or automobile, may be required of this position. Professional training and continuing education opportunities may also require travel to and from conference and meeting locations.

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.