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Open nowPosted 10 days ago

Director/Senior Director, Capital Strategies (Affordable Housing Finance)

The Community Preservation Corporation12 open roles

Pay
$175,000 – $230,000 a year
Where
Central Office - New York, NY
Work mode
Hybrid
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Your applicationOpen nowDirector/Senior Director, Capital Strategies (Affordable Housing Finance)The Community Preservation Corporation · Central Office - New York, NY
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The clock on this job

Early applications get read.

8.2% of postings close within 7 days. Measured by our own scanner across the market. The Community Preservation Corporation postings stay open a median of 35 days.

Share of postings closed within
  1. 1.9%1 day
  2. 3.8%3 days
  3. 8.2%7 days
  4. 15.2%14 days
  5. 34.1%30 days
This job: posted 10 days ago

The Community Preservation Corporation median: 35 days open

The posting

About Us:

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities, and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.

As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.

Role Summary:

The Director/Senior Director, Capital Strategies will provide partnership to all lines of CPC’s business in identifying and structuring of capital to promote growth for CPC and impact on communities we serve. To work with the Head of Capital Strategies, Finance team and other leaders on executing CPC’s appropriate capitalization structure. Assist in delivering guidance and expertise to CPC executive management and its subsidiaries as well as the Capital Allocation Committee and the CPC Board of Directors as needed. Build and maintain relationships with market participants and raise CPC’s brand awareness.

What You’ll Do:

- As a key member of the Capital Strategies team you will work in conjunction with CPC leadership to ensure low-cost, efficient, flexible capital that is aligned with our business goals.

- Partner with the Finance team on ensuring balance sheet management, liquidity and capital are optimally aligned to ensure maintenance of strong credit ratings, optimal debt terms, compliance with financial covenants, and new capital is accretive to CPC’s overall corporate goals.

- Help build capital channels, to include the capital markets executions around GSE loans, construction/permanent loans, project debt, corporate debt as well as future opportunities to recycle capital and hedge interest risk.

- Gather and assess information from internal/external sources and incorporate into financial models so pricing and structuring of CPC products reflects continued market dynamics.

- Lead the execution of capital markets transactions, bank facilities and programmatic partnerships.

- Work with businesses on project-based work, including asset disposition as well as refinancings, while ensuring alignment with CPC’s corporate goals for capital allocation, revenue generation and business growth.

- Work with CPC’s legal team, Chief Risk Officer, CFO/CIO and business leaders to structure and create market clearing products that comply with internal credit and investment policies, as well as documentation and legal standards.

- Conduct thorough due diligence on prospective opportunities including qualitative and quantitative analysis of investment strategy, risk, process, organization, CPC balance sheet considerations, portfolio positions and performance.

- Analyze and assess strategic alternatives to include acquisitions, partnership arrangements or potential investments as they arise.

- Build and maintain a network of investors, bankers, lawyers, rating analysts and other market participants.

- Assist with investor relations materials, activities and events.

- Assist in overseeing the rates desk including interest rate reporting as well as rates guidance related to underwriting assumptions.

- Support and help supervise the loan participations desk.

- Help cultivate and mentor junior team members.

Skills and Experience:

- BA/BS in Economics, Finance, Real Estate or related field required. Master’s/MBA, or CFA preferred but not required

- 10+ years of progressive experience in capital markets, commercial banking, structured finance, real estate finance, corporate finance, or related fields. Direct experience in the multifamily affordable housing sector strongly preferred

- Deep understanding of corporate structures, debt and equity financing mechanisms and real estate strategy, preferably in the context of the multifamily affordable housing sector

- Demonstrated experience in capital markets and/or commercial banking within the multifamily affordable housing sector

- Advanced analytical skills with financial modeling experience

- Highly organized, detail-oriented, and capable of managing multiple projects with varied workstreams

- Strategic thinker and proficient in decision-making

- Ability to communicate effectively and in a professional manner

- Strong leadership skills and ability to foster a team-oriented and collaborative environment

- A patient and disciplined contributor who seeks and accepts a high degree of personal responsibility.

What We Offer:

- Competitive compensation

- 401(k) retirement plans with employer match

- Medical, dental, and vision benefits for employees and their dependents

- Commuter benefits

- PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability

- Tuition assistance program

- Two “work from anywhere” weeks per year

- Summer Fridays

- Collaborative working spaces

- Service days to support our communities

- Employee development and engagement events

- More about our offerings and culture here https://communityp.com/about-us/careers/

This is a hybrid role where you will work from the Manhattan office two - three days a week. The salary range is $175,000 - $230,000, dependent on experience.

Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.

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