At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
Job Title: Affordable Housing Investments Transaction Manager
Corporate Title: Associate Director
Department: Real Estate - Affordable Housing Investments
Location: New York City or Los Angeles or Chicago
Position Description
This position is responsible for working on transactions and with sponsors who specialize in the multifamily affordable and workforce housing sector. The individual will be tasked to screen, analyze and manage the overall progress of loans originated by the platform. After transactions go through initial prescreen and term sheet stages, the individual will work closely with the underwriting and closing teams to manage the progression of loans through internal committee approvals. The individual will also have an opportunity to originate loans directly while acting as transaction manager on other loans. Transactions will include debt investments in Low‑Income Housing Tax Credits (LIHTC), Workforce (Middle‑Income) and Mixed‑Income housing properties. This individual should have a good understanding of the multifamily affordable housing industry and should be able to navigate and build relationships with developers.
Primary Responsibilities
- Drive the end‑to‑end execution of affordable and workforce (middle‑income) multifamily debt transactions—owning the transaction from initial screen through term sheet, internal committee approvals, and closing
- Serve as a primary point of contact to developers/sponsors, building durable relationships that advance the platform’s production goals in LIHTC, workforce, and mixed‑income properties
- Screen & size new opportunities against firm credit parameters; assess feasibility and recommend go/no‑go with clear rationale
- Manage deal execution—in collaboration with the underwriting team, track diligence, surface issues early, drive resolutions with internal partners (underwriting, legal/closing, servicing, asset management) and external parties
- Prepare and present clear, data‑driven materials for internal committee reviews; translate feedback into actionable next steps to maintain velocity to close
Requirements
- Minimum of five (5) years of experience in affordable housing lending
- Bachelor's Degree in Real Estate or Finance
- Experience in loan originations and transacting in affordable housing (AH) loans
- Knowledge of LIHTC programs and how they work
- Ability to understand different loan structures within the multifamily space; Knowledge of sizing and analyzing AH loans
- Brings experience in loan structuring and underwriting balance sheet loan products
- Experience interacting internally – with platform underwriters, analysts, servicing and asset management – and externally on transaction matters
- Ability to lead the transaction process with borrowers and sponsors
- Solid understanding of Microsoft Word, PowerPoint and Excel
- Ability to model or revise financial models, as needed
Skills And Competencies
- Strong written and verbal communication skills
- Strong interpersonal skills to develop and/or cultivate relationships
- Can be strategic in winning opportunities
- Ability to prioritize multiple competing tasks
- Detailed attention to presentation and strong organizational skills
- Can communicate effectively and able to present loan transactions to investment committee
- Results oriented in a deadline driven work environment
- High energy, self‑motivated and ability to make immediate, logical decisions
- Brings transparency and a “team approach” mentality
Base Salary Range: $130,000-165,000 and additional incentive compensation.
Requisite Skills
Affordable Housing, Loan Origination, Low Income Housing Tax Credit (LIHTC), Transaction Management
Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.
Benefits
CORE BENEFITS & WELLNESS
- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING
- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE
- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE
- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
Other Benefits
- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program