Fund Manager

Cahec•Raleigh, NC

1d•Hybrid

About The Position

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 Fund Manager is responsible for managing, modeling, and reporting for all types of a limited partnership’s tax credit investments and related entities. A Fund Manager maintains and audits fund models within CAHEC’s existing portfolio of limited partnership investment entities while leading analyst efforts to evaluate and direct the capital needs for their assigned funds. The position ensures data integrity, analyzes and updates data in projections, performs cash management, and prepares, approves, and delivers timely reports to our investors. The employment classification for this position is exempt.

Requirements

Bachelor’s degree in accounting or finance; or an equivalent combination of education and comparable work experience.
Minimum Three (3) years progressive work experience in real estate investments or and equivalent financial field.
Solid knowledge of GAAP.
Ability to run complex Excel models.
Strong attention to detail.
Strong verbal and written communication skills.
Ability to prioritize and meet deadlines.
Ability to manage confidential data.
Experience with Excel (intermediate level), Word, Outlook, Adobe and accounting software.

Responsibilities

Manage investor reporting for partnership entities from inception to dissolution.
Manage the investment model for each partnership entity and update fee structure, operating expenses, project tax losses, capital calls, line of credit utilization, tax documentation and updated projections.
Manage the cash needs of partnership entities to ensure available funds to disburse according to timeline.
Prepare investor reports including financial statements and deliver within designated timelines.
Prepare tax related schedules, review and reconcile tax returns to systems.