Affordable Housing Investments Transaction Manager, Associate Director

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 ManagerCorporate Title: Associate DirectorDepartment: Real Estate - Affordable Housing InvestmentsLocation: Chicago, Charlotte, Boston, or Los AngelesPosition DescriptionThis 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 ResponsibilitiesDrive 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 closingServe 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 propertiesScreen & size new opportunities against firm credit parameters; assess feasibility and recommend go/no‑go with clear rationaleManage 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 partiesPrepare and present clear, data‑driven materials for internal committee reviews; translate feedback into actionable next steps to maintain velocity to closeRequirementsMinimum of five (5) years of experience in affordable housing lendingBachelor's Degree in Real Estate or FinanceExperience in loan originations and transacting in affordable housing (AH) loansKnowledge of LIHTC programs and how they workAbility to understand different loan structures within the multifamily space; Knowledge of sizing and analyzing AH loansBrings experience in loan structuring and underwriting balance sheet loan productsExperience interacting internally - with platform underwriters, analysts, servicing and asset management – and externally on transaction mattersAbility to lead the transaction process with borrowers and sponsorsSolid understanding of Microsoft Word, PowerPoint and ExcelAbility to model or revise financials models, as neededSkills And CompetenciesStrong written and verbal communications skillsStrong interpersonal skills to develop and/or cultivate relationshipsCan be strategic in winning opportunitiesAbility to prioritize multiple competing tasksDetailed attention to presentation and strong organizational skillsCan communicate effectively and able to present loan transactions to investment committeeResults oriented in a deadline driven work environmentHigh energy, self-motivated and ability to make immediate, logical decisionsBrings transparency and a “team approach” mentalityBase Salary Range: $130,000-165,000 and additional incentive compensation.Requisite SkillsAffordable Housing, Loan Origination, Low Income Housing Tax Credit (LIHTC), Transaction ManagementAdditional SkillsBarings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.Barings Offers a Comprehensive Benefits Package IncludingCORE BENEFITS & WELLNESSMedical (including Virtual Care), Prescription, Dental, and Vision CoverageFitness Center Reimbursement Program (Including Online Memberships)Employee Assistance Program (EAP)Fertility BenefitsFINANCIAL WELL-BEINGHighly competitive 401(k) Plan with Company MatchHealth Savings Account (HSA) with Company ContributionsFlexible Spending Accounts (FSA) - Health Care & Dependent CareRetirement Health Reimbursement AccountLIFE INSURANCEBasic and Supplemental Life InsuranceSpouse and Child Life InsuranceTIME OFF, DISABILITY AND LEAVE OF ABSENCEPaid Vacation, Sick Days and Annual HolidaysPaid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)Short and Long Term Disability PlansPaid Volunteer TimeOther BenefitsEducation Assistance ProgramCharitable Matching Gifts ProgramCommuter Reimbursement ProgramAdoption and Surrogacy Reimbursement Program