Post Closing Coordinator

Cahec • Raleigh, NC

11d • Hybrid

About The Position

Post-Closing Coordinator CAHEC is a leading community investment company specializing in tax credit syndication (equity and debt), preservation, general partnerships, property management, and charitable initiatives through the mid-Atlantic and South. The Post-Closing Coordinator is an integral member of the Transitional Asset Management team and is responsible for managing the equity funding process for tax credit investment transactions undertaken by CAHEC-managed investment funds. The position reviews legal documentation and funding requests for completeness, and initiates and coordinates the equity disbursement process based on achievement of specific investment milestones under the supervision of the Director, Transitional Asset Management. This position is classified as a non-exempt position. Some specific functions include: Collect and maintain all documents required during the transitional (development) phase of the investment life cycle, including post-closing due diligence required by the partnership agreement. Review post-closing due diligence items received from the project development team for completeness and accuracy with additional follow-up as required. Review the legal agreements for each investment to determine the requirements and timing for equity installments. Enter the equity disbursements checklist into CAHECs database and edit installment records as each disbursement is approved and released. Obtain monthly construction draw requests, AIA forms, change orders, construction reports, and certificates of occupancy and substantial completion for all projects under construction, and review the draw package for completeness. Collect and review all equity funding requests and the required supporting documents from partners to initiate the disbursement process through the company database. Request any missing documentation or needed corrections from the project development team. Coordinate weekly meetings with internal CAHEC departments to confirm the timing and amount of upcoming funding needs, and to ensure the availability of funds. Build and foster collaborative relationships with internal and external partners, maintaining the highest standards of customer service.

Requirements

• Associates degree is required; or an equivalent combination of education and comparable work experience.
• Minimum two years experience in processing complex real estate transactions, mortgage loans, or investment partnerships.
• General knowledge of commercial real estate development, financing, and transactions.
• Strong organizational skills with fine attention to detail and follow-through.
• Ability to track and maintain documents and electronic records in an orderly fashion in compliance with company policies and internal controls.
• Ability to maintain composure while managing multiple, concurrent priorities and/or changing priorities.
• Proficiency in Microsoft Word and Excel.
• Intermediate proficiency with file sharing platforms and utilization of database systems.

Nice To Haves

• A degree in a related field such as business or finance is preferred.

Responsibilities

• Collect and maintain all documents required during the transitional (development) phase of the investment life cycle, including post-closing due diligence required by the partnership agreement.
• Review post-closing due diligence items received from the project development team for completeness and accuracy with additional follow-up as required.
• Review the legal agreements for each investment to determine the requirements and timing for equity installments.
• Enter the equity disbursements checklist into CAHECs database and edit installment records as each disbursement is approved and released.
• Obtain monthly construction draw requests, AIA forms, change orders, construction reports, and certificates of occupancy and substantial completion for all projects under construction, and review the draw package for completeness.
• Collect and review all equity funding requests and the required supporting documents from partners to initiate the disbursement process through the company database.
• Request any missing documentation or needed corrections from the project development team.
• Coordinate weekly meetings with internal CAHEC departments to confirm the timing and amount of upcoming funding needs, and to ensure the availability of funds.
• Build and foster collaborative relationships with internal and external partners, maintaining the highest standards of customer service.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree