Manager, Finance

Community Affordable Housing Equity Corporation (CAHEC) is currently seeking candidates for a Manager, Finance position. CAHEC is a non-profit tax-credit syndicator based in Raleigh, NC that fosters healthy neighborhoods by raising equity capital and investing in affordable rental housing and community revitalization. Our portfolio comprises 700 assets in eleven states. CAHEC Capital promotes sustainable housing opportunities by providing flexible and affordable loan products to affordable housing developments financed by CAHEC.

The Manager, Finance oversees the day to day operations of CAHEC's accounting and cash management functions supportive of a professional corporate culture and work environment that reinforces the mission, goals, and objectives of CAHEC. The position is responsible for maximizing the return on financial assets by establishing financial policies, procedures, internal controls, and reporting systems. The position ensures legal and regulatory compliance for all financial reporting functions. The position utilizes advanced knowledge in accounting principles and practices in order to prepare consolidated financial statements and projections, and oversee cash management, and risk management for the department. The position directly supervises the Finance & HR Specialist and Treasury Specialist positions.

The employment classification or this position is exempt.

Specific functions include:

• Manage the day to day operations of the Finance division which includes direct supervision of assigned department staff.
• Prepare corporate budgets and review monthly financial statements in order to assist with forecasting
• Proactively develop, implement, and maintain accounting policies and procedures in accordance with Generally Accepted Accounting Principles (GAAP), industry trends, and best practices.
• Oversee all accounting functions of CAHEC and its affiliated entities which includes general ledger, accounts payable, accounts receivable, notes receivable, and fixed assets.
• Manage all financial transactions related to CAHEC loan programs which includes disbursements, interest and payoff calculations, and managing lines of credit.
• Serve as the team lead and manage on-going working relationship with independent auditors which includes oversight of the annual audit process, and preparation of consolidated financial statements and tax returns.
• Oversee all cash management functions of CAHEC and its affiliated entities.
• Make recommendations for maximizing investments in accordance with CAHEC's Investment Policy Statement.
• Maintain relationships with financial advisors to maintain CAHEC financial investments per CAHEC's Investment Policy Statement.

Education Requirement

• Bachelor's degree in business, accounting, or finance; or an equivalent combination of education and comparable work experience.

Work Experience

• Minimum eight (8) years progressively responsible work experience in GAAP accounting.
• Minimum three (3) years progressively responsible work experience supervising and coaching direct reports.

Knowledge, Skills, and Abilities

• Proven ability to apply comprehensive knowledge of GAAP accounting and financing process and procedures while maintaining confidential information.
• Manage multiple, concurrent priorities such as performing cash management functions while maintaining productive working relationships and meeting department goals, objectives, and timetables.
• Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing and accurately conveying information pertaining to fund and portfolio performance, and other tax credit matters to internal and external stakeholders.

Work Environment

• This position is based out of CAHEC's corporate office in Raleigh, NC. Certain objectives require working on-site at various locations, such as industry conferences and events at properties in CAHEC's investment portfolio, and some professional training opportunities may require travel.

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

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