Fund Department is responsible for (i) fund raising, (ii) market research, and (iii) Community Reinvestment Act (CRA) balancing.
Position Summary
The Fund Development Manager is responsible for (i) generating and managing prospective investors for company-sponsored funds, (ii) assisting in the management of existing investor relationships and (iii) providing market research on the investment community.
Position Duties and Responsibilities
Essential Functions
(80%) 1.0 Fund Raising (Regular and Special Investors)
Market multi-investor and Private Label opportunities to existing and prospective investors (and include brokers, as needed).
Increase fund subscriptions from new investors and diversify sources of investor capital as outlined in company's overarching business goals.
Precipitate equity subscriptions from existing investors.
Monitor and review all investment opportunities that meet company's underwriting and investor criteria on a weekly basis.
Generate meetings (in person preferred; virtual acceptable) with qualified prospects a minimum twice per month.
Update and provide company and Fund due diligence materials to prospective investors, as needed.
Facilitate investor subscription process in coordination with Director, Fund Development: Director, Fund Management; and outside counsel.
Provide investors an opportunity to expand their interaction with each other and company staff through a variety of planned events.
(20%) 2.0 Market Analysis
Collect, analyze and report market intelligence (i.e.; threshold return, appetite for credits, CRA need, etc.) on current/prospective investors and communicate during weekly Syndications meeting.
Attend local, regional and national meetings pertaining to the affordable housing industry and communicate during weekly Syndication meetings.
Establish a working rapport with state bankers' associations and bank regulators to further efforts in investor recruitment.
Engage in various speaking engagement (FHLB forums, state agency conferences, etc.)
Collaborate with staff to develop new products and services.
Read industry journals to determine industry trends as well as public policy positions.
Additional Responsibilities
Perform other related duties as requested or assigned.
Knowledge, Skills, and Abilities Required
Minimum Learned Skills and Abilities
Strong knowledge of the LIHTC Program including Section 42 of the Internal Revenue Code, and the ability to expand and effectively apply this knowledge to company's investment portfolio.
Possess understanding of investment banking via capital markets, securities analysis, mergers or acquisitions, commercial lending, real estate investments and evaluation, or investment modeling.
Maintain confidentiality regarding banking, insurance and Government Sponsored Enterprise information.
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.
Demonstrate an ability to establish and maintain productive working relationships and establish the highest level of integrity with others to coordinate work and share information in order to meet departmental goals, objectives, and timetables.
Demonstrate an ability to manage multiple, concurrent priorities and easily adapt to constantly changing priorities in order to meet established timetables.
Demonstrate ability to listen and understand issues being presented, and to think analytically to develop and recommend effective creative solutions.
Work with an overall methodology consistent with the company's Principles of integrity and social responsibility and Values of quality, customer service, leadership, innovation, personal development and fun.
Minimum Education
Bachelor's Degree in business administration, finance, economics, real estate; or an equivalent combination of education and comparable work experience.
Minimum 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.
Significant Physical Position Requirements
Physical effort is that which is normally associated with work in an office environment. This position requires the ability to travel to meetings, seminars, and other work-related functions within both local and long distances from company's office.
Work Environment
This position is based out of the corporate office in Raleigh, NC, which is an accessible, ergonomically equipped office environment. Additional duties and responsibilities require traveling to various locations to meet with partners or attend industry related events. Professional training and continuing education opportunities may also require the employee to travel to and from conference and meeting locations. Travel, typically by either commercial airline or automobile, is required for at least 30% of this position.
Telecommunications, Information Technology, and Office Equipment Used
Typical office equipment includes, but not limited to, desktop workstations and laptops utilizing a Windows-based environment. Software consists of a variety offered in enterprise level accounting software products, Microsoft Office, including Word, Excel, Outlook, Power Point as well as a customized database and a variety of web-based applications. Other equipment may include a variety of electronic devices such as tablets, printers, copiers, scanners, cellular phones, scanners, and digital cameras.
Beacon Hill is an Equal Opportunity Employer that values the strength diversity brings to the workplace. Individuals with Disabilities and Protected Veterans are encouraged to apply.
If you would like to complete our voluntary self-identification form, please click here or copy and paste the following link into an open window in your browser: https://jobs.beaconhillstaffing.com/eeoc/
Completion of this form is voluntary and will not affect your opportunity for employment, or the terms or conditions of your employment. This form will be used for reporting purposes only and will be kept separate from all other records.
Company Profile:
Founded by industry leaders to set a new standard in search, career placement and flexible staffing, we deliver coordinated staffing solutions with unparalleled service, a commitment to project completion and success and a passion for innovation, creativity and continuous improvement.
Our niche brands offer a complete suite of staffing services to emerging growth companies and the Fortune 500 across market sectors, career specialties/disciplines and industries. Over time, office locations, specialty practice areas and service offerings will be added to address ever changing constituent needs.
Learn more about Beacon Hill Staffing Group and our specialty divisions, Beacon Hill Associates, Beacon Hill Financial, Beacon Hill HR, Beacon Hill Legal, Beacon Hill Life Sciences and Beacon Hill Technologies by visiting www.beaconhillstaffing.com .
