Director/Senior Director, Capital Strategies (Affordable Housing Finance)

The Community Preservation Corporation•New York City, NY

21h•Hybrid

About The Position

The Community Preservation Corporation (CPC) is a nationally recognized leader in affordable housing finance, dedicated to stable and sustainable affordable housing as the foundation of strong communities. Since 1974, CPC has provided capital to underserved housing markets, investing over $15 billion to finance more than 230,000 units of housing. CPC operates with a robust construction lending platform, a mortgage bank, and equity and impact investment platforms focused on expanding affordable housing, closing the racial wealth gap, and investing in the green economy. The Director/Senior Director, Capital Strategies will partner with all CPC business lines to identify and structure capital for growth and community impact, working with the Head of Capital Strategies and Finance team to execute CPC’s capitalization structure. This role will provide guidance to executive management, subsidiaries, the Capital Allocation Committee, and the Board of Directors, while also building relationships with market participants to raise CPC’s brand awareness.

Requirements

BA/BS in Economics, Finance, Real Estate or related field required.
10+ years of progressive experience in capital markets, commercial banking, structured finance, real estate finance, corporate finance, or related fields.
Deep understanding of corporate structures, debt and equity financing mechanisms and real estate strategy, preferably in the context of the multifamily affordable housing sector.
Demonstrated experience in capital markets and/or commercial banking within the multifamily affordable housing sector.
Advanced analytical skills with financial modeling experience.
Highly organized, detail-oriented, and capable of managing multiple projects with varied workstreams.
Strategic thinker and proficient in decision-making.
Ability to communicate effectively and in a professional manner.
Strong leadership skills and ability to foster a team-oriented and collaborative environment.
A patient and disciplined contributor who seeks and accepts a high degree of personal responsibility.
Applicants must be authorized to work in the United States.
The Community Preservation Corporation does not provide employment sponsorship of any kind.
Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.

Nice To Haves

Master’s/MBA, or CFA preferred but not required.
Direct experience in the multifamily affordable housing sector strongly preferred.

Responsibilities

Provide partnership to all lines of CPC’s business in identifying and structuring of capital to promote growth for CPC and impact on communities we serve.
Work with the Head of Capital Strategies, Finance team and other leaders on executing CPC’s appropriate capitalization structure.
Assist in delivering guidance and expertise to CPC executive management and its subsidiaries as well as the Capital Allocation Committee and the CPC Board of Directors as needed.
Build and maintain relationships with market participants and raise CPC’s brand awareness.
Work in conjunction with CPC leadership to ensure low-cost, efficient, flexible capital that is aligned with our business goals.
Partner with the Finance team on ensuring balance sheet management, liquidity and capital are optimally aligned to ensure maintenance of strong credit ratings, optimal debt terms, compliance with financial covenants, and new capital is accretive to CPC’s overall corporate goals.
Help build capital channels, to include the capital markets executions around GSE loans, construction/permanent loans, project debt, corporate debt as well as future opportunities to recycle capital and hedge interest risk.
Gather and assess information from internal/external sources and incorporate into financial models so pricing and structuring of CPC products reflects continued market dynamics.
Lead the execution of capital markets transactions, bank facilities and programmatic partnerships.
Work with businesses on project-based work, including asset disposition as well as refinancings, while ensuring alignment with CPC’s corporate goals for capital allocation, revenue generation and business growth.
Work with CPC’s legal team, Chief Risk Officer, CFO/CIO and business leaders to structure and create market clearing products that comply with internal credit and investment policies, as well as documentation and legal standards.
Conduct thorough due diligence on prospective opportunities including qualitative and quantitative analysis of investment strategy, risk, process, organization, CPC balance sheet considerations, portfolio positions and performance.
Analyze and assess strategic alternatives to include acquisitions, partnership arrangements or potential investments as they arise.
Build and maintain a network of investors, bankers, lawyers, rating analysts and other market participants.
Assist with investor relations materials, activities and events.
Assist in overseeing the rates desk including interest rate reporting as well as rates guidance related to underwriting assumptions.
Support and help supervise the loan participations desk.
Help cultivate and mentor junior team members.

Benefits

Competitive compensation
401(k) retirement plans with employer match
Medical, dental, and vision benefits for employees and their dependents
Commuter benefits
PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
Tuition assistance program
Two “work from anywhere” weeks per year
Summer Fridays
Collaborative working spaces
Service days to support our communities
Employee development and engagement events