Fund Manager

Job Summary

Fund Manager CAHEC is a community investment organization that strengthens communities through affordable housing and supportive service initiatives in the Southeast and Mid-Atlantic regions. Key areas of focus include low-income housing tax credits, historic tax credits, new markets tax credits, renewable energy credits, loan programs, wellness and education initiatives, affordable housing development, and property management services.

About the Role

The Fund Manager is responsible for managing, modeling, and reporting for all types of a limited partnership’s tax credit investments and related entities. This includes maintaining and auditing fund models, evaluating and directing capital needs, ensuring data integrity, analyzing and updating projections, performing cash management, and preparing and delivering timely reports to investors.

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.

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 an equivalent financial field.

Qualifications

• Solid knowledge of GAAP.
• Ability to run complex Excel models.
• Strong attention to detail.
• Strong verbal and written communication skills.
• The ability to prioritize and meet deadlines.
• The ability to manage confidential data.
• Experience with Excel (intermediate level).
• Experience with Word, Outlook, Adobe, and accounting software.

Work Environment

This position is classified as hybrid remote and works from both the CAHEC corporate office in Raleigh, NC and a dedicated home office. Travel, typically by either commercial airline or automobile, is required for this position. Certain objectives require traveling to various locations to meet with partners, visiting properties in CAHEC’s investment portfolio, attending industry-related events, and professional training opportunities.

Compensation and Benefits

CAHEC offers a competitive compensation and benefits package. For more information and how to apply: please visit www.cahec.com.