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About the Role
Morgan Stanley Community Development Finance is seeking a senior-level Affordable Housing Finance Product Manager to lead the end-to-end management of the Firm’s affordable housing private equity investment portfolio. The role will oversee the full investment lifecycle and serve as a senior product owner and relationship manager for affordable housing private equity strategies.
Responsibilities
- Oversee the affordable housing private equity product strategy and portfolio management framework.
- Lead sourcing and originations for new affordable housing private equity investment opportunities.
- Oversee due diligence, underwriting, financial analysis, market review, sponsor and guarantor assessment, legal documentation, and transaction approval materials.
- Present investment opportunities, portfolio updates, risk matters, and strategic recommendations to governance forums.
- Serve as the primary relationship manager for affordable housing private equity fund managers, developers, sponsors, and other external partners.
- Manage post-closing portfolio oversight, periodic asset reviews, compliance monitoring, operating performance analysis, capital account tracking, distribution forecasting, valuation support, and watchlist management.
- Monitor fund and underlying asset performance against expectations, agreements, regulatory requirements, and CRA objectives.
- Represent Morgan Stanley on fund advisory boards, investor committees, and other governance bodies.
- Partner with internal risk stakeholders to ensure appropriate controls, approvals, reporting, and issue resolution.
- Lead, mentor, and develop staff supporting affordable housing private equity products.
Requirements
- Deep understanding of affordable housing finance, private equity fund structures, LIHTC investments, multi-family real estate underwriting, asset management, and portfolio risk management.
- Strong financial modeling, valuation, credit analysis, cash flow forecasting, and investment performance assessment skills.
- Proven ability to evaluate complex transactions, identify risks, develop mitigation strategies, and make sound investment recommendations.
- Excellent written and verbal communication skills, with the ability to present complex investment, risk, and portfolio matters clearly to senior management and governance committees.
- Strong relationship management and negotiation skills.
- Highly organized, detail-oriented, and able to manage multiple priorities, transactions, portfolio matters, and deadlines.
- Advanced proficiency in Microsoft Excel, PowerPoint, and Word.
- Experience with portfolio reporting systems, investment databases, and data visualization tools preferred.
- 15+ years of relevant experience in affordable housing finance, private equity, multi-family real estate investment, asset management, credit, or portfolio management.
- Demonstrated experience managing investments across the full lifecycle.
- Experience with public sector financing sources and regulatory frameworks.
- Established relationships with affordable housing developers, fund managers, lenders, investors, public agencies, and other industry participants preferred.
- Prior experience leading teams, managing senior stakeholder relationships, and operating within a regulated financial institution or similarly complex investment platform strongly preferred.
Skills
- Affordable housing finance
- Private equity fund structures
- LIHTC investments
- Multi-family real estate underwriting
- Asset management
- Portfolio risk management
- Financial modeling
- Valuation
- Credit analysis
- Cash flow forecasting
- Investment performance assessment
- Transaction evaluation
- Risk mitigation
- Investment recommendations
- Written communication
- Verbal communication
- Relationship management
- Negotiation
- Organization
- Detail-orientation
- Priority management
- Deadline management
- Microsoft Excel
- Microsoft PowerPoint
- Microsoft Word
- Portfolio reporting systems
- Investment databases
- Data visualization tools
Location
- New York
- U.S. (Open)
Work Type
- Full-time
Experience Level
- Senior-level
- 15+ years
Salary/Compensations
- $150,000 - $250,000 Yr.
Benefits
- Medical
- Prescription Drug
- Dental
- Vision
- Health Savings Account
- Dependent Day Care Savings Account
- Life Insurance
- Disability and Other Insurance Plans
- Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 25 Vacation Days annually)
- 10 Paid Holidays
- 401(k)
- Short/Long Term Disability
- Annual discretionary incentive compensation award
- Business unit's incentive compensation plan (may include discretionary bonus)
About the Company
- At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals.
- Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - guide our decisions.
- We support our employees and their families, offering attractive and comprehensive employee benefits and perks.
- We offer ample opportunity to move about the business for those who show passion and grit.
Equal Opportunity
- Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.
- Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
- Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.