Fund Development Manager

Community Affordable Housing Equity Corporation; Raleigh (NC); Remote; USD 70,000 - 90,000; Full time

Job summary

A non-profit housing organization is seeking a Fund Development Manager to generate and manage investor relationships for affordable housing funds. The ideal candidate has a Bachelor's degree and over 5 years of relevant experience. This remote role requires market research expertise and excellent communication skills. Travel is needed for industry-related events and property visits.

Benefits

Competitive compensation and benefits package

Qualifications

• 5+ years of experience in low-income housing tax credits, real estate or capital markets.
• Proven experience in managing investor relationships.

Responsibilities

• Generate and manage prospective investors for CAHEC-sponsored funds.
• Assist in managing existing investor relationships.
• Provide market research on the investment community.
• Market multi-investor fund opportunities to investors.

Skills

Investment banking understanding

Interpersonal and communication skills

Market research and analysis

Ability to manage multiple priorities

Education

Bachelor’s Degree in business administration, finance, economics or real estate

Job description

Overview

Are you ready for new challenges and new opportunities?

Join our team!

Current job opportunities are posted here as they become available.

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Fund Development Manager. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that helps develop and foster healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises over 750 assets in twelve states. CAHEC also invests in the people living in the properties we help finance through innovative enrichment opportunities called Community Investments.

Responsibilities

• The Fund Development Manager is responsible for (i) generating and managing prospective investors for CAHEC-sponsored funds, (ii) assisting in the management of existing investor relationships and (iii) providing market research on the investment community.
• Market multi-investor and Private Label fund opportunities to existing and prospective investors.
• Increase fund subscriptions from new investors and diversify sources of investor capital.
• Precipitate equity subscriptions from existing investors.
• Generate meetings with qualified prospects a minimum twice per month.
• Collect, analyze, and report market intelligence on current and prospective investors.
• Attend local, regional, and national meetings pertaining to the affordable housing industry.

Qualifications

Education Requirement

Bachelor’s Degree in business administration, finance, economics, real estate; or an equivalent combination of education and comparable work experience.

Work Experience

Minimum five (5) years progressively responsible work experience in low-income housing tax credits, real estate, capital markets or affordable housing, preferably in an origination role.

Knowledge, Skills, and Abilities

Possess a basic understanding of investment banking via capital markets, securities analysis, mergers or acquisitions, commercial lending, real estate investments and evaluation, or investment modeling. Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing and accurately conveying information pertaining to fund and portfolio performance, marketing, negotiating, and other tax credit matters to internal and external stakeholders. Proven ability to manage multiple, concurrent priorities and easily adapt to constantly changing priorities to meet established timetables.

Work Conditions

This position is classified as fully remote and reports once per month to CAHEC’s corporate office in Raleigh, NC. Travel, typically by either commercial airline or automobile, is required for at least 30% of this position. Certain objectives require traveling to various locations to meet with partners, visit properties in CAHEC’s investment portfolio, and attend industry-related events and professional training opportunities.

Compensation and Benefits

Compensation and Benefits: CAHEC is an equal-opportunity employer that offers a competitive compensation and benefits package.