What are the responsibilities and job description for the Project Manager- Syndication position at CAHEC?
Project Manager - Syndication
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 Project Manager - Syndication leads the due diligence review, the final underwriting and approval, and the closing of complex real estate transactions. The position manages the closing schedule and event milestones while providing timely reporting and updates for participants. The position works in tandem with Risk Managers to prepare and present investment reports to obtain required closing approvals. The employment classification of this position is exempt.
Some specific functions include:
- Establishing and communicating with participants a closing schedule and key deliverables to meet equity closing objectives.
- Coordinating with development team, internal staff, and CAHEC counsel to manage the collection and review of due diligence while maintaining quality control over the process.
- Collaborating with internal staff to prepare investment reports, to review key analytics and underwriting, and to obtain required approvals for equity closings.
- Collaborating with CAHEC counsel to produce and finalize equity closing agreements consistent with the approved investment conditions.
- Closing equity investments and transitioning closed investments to CAHECs Asset Management group.
Education Requirement
Bachelors 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.
Work Experience
Minimum three (3) years progressively responsible work experience relevant to commercial real estate development, finance or lending; and direct work experience and knowledge of multi-family housing development.
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 in MS Excel as well as negotiating 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 CAHECs 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 potential investments and properties in CAHECs investment portfolio, and some professional training and networking opportunities may also require travel. CAHEC offers a hybrid work benefit for eligible positions. This current benefit is evolving for more collaboration and will be changing in 2025 to a minimum of three days per week working in the Raleigh office.
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.
CAHECs Diversity Statement: We 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 .
