The Manager, Risk Management is responsible for co-managing the day-to-day operations of assigned functions within the department, directly supervising assigned staff, and assisting the Vice President, Acquisitions in strategic planning, budgeting, and departmental administration. This position analyzes, evaluates, and formulates recommendations regarding investment in complex real estate transactions. The Manager, Risk Management determines and documents adherence to underwriting guidelines, credit-worthiness, and provide recommendations for mitigating risks. This position oversees the pre-screening of investment opportunities and actively participates in the preparation and presentation of investment reports for review and closing approval. The employment classification for this position is exempt.
Some specific functions include:
• Assist the Vice President, Acquisitions with the management of day-to-day operations for the department by directly supervising and leading Risk Managers and other assigned staff in a manner supporting a productive, timely, and collaborative work environment focused on CAHEC’s work objectives and goals. • Review proposed investment opportunities against underwriting standards and sound industry practices to identify potential risks and collaborate with Acquisition Managers on acceptable mitigation strategies prior to the issuance of any conditional commitments. • Lead the underwriting and review of due diligence for investments in closing and collaborate with CAHEC staff and counsel to address risks and variances identified during the underwriting process. • Participate in the preparation and presentation of investment reports required for investment approval and closing.
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 five (5) years progressively responsible work experience relevant to commercial real estate development, finance, investment modeling, or underwriting.
Minimum two (2) years progressively responsible work experience relevant to the management functions of supervising and coaching direct reports, strategic planning, and budgeting.
Knowledge, Skills, and Abilities
Comprehensive knowledge of the LIHTC Program, commercial real estate development, corporate and partnership legal and taxation issues, financial management principles, and property management practices is required. The ability to manage multiple, current priorities and easily adapt to changing priorities is necessary. The ability to analyze complex financial models and to negotiate complex transactions tactfully is required. Excellent interpersonal and communications skills are required as is the ability to develop effective creative solutions based on communications with partners.
This position is based out of CAHEC’s corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, or properties, within CAHEC’s investment portfolio. Some professional training opportunities and attending industry conferences may also require travel.
About Community Affordable Housing Equity Corporation
Created in 1992, CAHEC ranks as one of the largest nonprofit regional equity syndicators in the United States. Its territory has moved beyond North Carolina’s borders to encompass the Southeast and mid-Atlantic states, plus the District of Columbia. CAHEC has expanded its core business from an exclusive focus on raising capital for investment in qualified low-income housing tax credit developments to include a variety of tax-credit preservation and revitalization projects. In addition, CAHEC grants capital through its innovative Community Investments to provide residents of CAHEC-sponsored properties with economic, educational, and enrichment opportunities.