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Morgan Stanley

Manages investments and advises on financing

Affordable Housing Finance Product Manager - Executive Director

Private EquityConfirmed live in the last 24 hours
Full-timeRemote in USA

About the Job

Requirements

  • Deep understanding of affordable housing finance, private equity fund structures, Low-Income Housing Tax Credit investments, multifamily real estate underwriting, asset management, and portfolio risk management.
  • Strong financial modeling, valuation, credit analysis, cash flow forecasting, and investment performance assessment skills.
  • Ability to evaluate complex transactions, identify risks, develop mitigation strategies, and make sound investment recommendations.
  • Written and verbal communication skills to present complex investment, risk, and portfolio matters clearly to senior management and governance committees.
  • Relationship management and negotiation skills, including working effectively with fund managers, developers, sponsors, legal counsel, and internal control partners.
  • Ability to manage multiple priorities, transactions, portfolio matters, and deadlines in a complex institutional environment.
  • Advanced proficiency in Microsoft Excel, PowerPoint, and Word.
  • At least 15 years of relevant experience in affordable housing finance, private equity, multifamily real estate investment, asset management, credit, or portfolio management.
  • Experience managing investments across the full lifecycle, including origination, underwriting, approval, closing, construction or stabilization monitoring, ongoing asset management, workouts or restructurings, and exits.
  • Experience with public sector financing sources and regulatory frameworks, including Low-Income Housing Tax Credits, HUD/FHA programs, tax-exempt bonds, state and local housing programs, and other community development tools.

Responsibilities

  • Oversee the affordable housing private equity product strategy and portfolio management framework, including origination priorities, investment guidelines, portfolio objectives, performance targets, and exit planning.
  • Lead sourcing and originations for new affordable housing private equity investment opportunities, including evaluating fund managers, sponsors, markets, investment structures, projected returns, community development impact, and strategic fit.
  • Oversee due diligence, underwriting, financial analysis, market review, sponsor and guarantor assessment, legal documentation, and transaction approval materials for new investments and follow-on commitments.
  • Present investment opportunities, portfolio updates, risk matters, and strategic recommendations to transaction council, senior management, credit partners, and other internal governance forums.
  • Serve as the primary relationship manager for affordable housing private equity fund managers, developers, sponsors, and other external partners, ensuring communication, accountability, and execution.
  • 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 underwriting expectations, investment agreements, regulatory requirements, and Community Reinvestment Act objectives.
  • Represent Morgan Stanley on fund advisory boards, investor committees, and other governance bodies, providing guidance on consents, amendments, waivers, workouts, dispositions, and other material portfolio matters.
  • 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, promoting execution standards, analytical rigor, and consistent portfolio management practices.

Desired Qualifications

  • Experience with portfolio reporting systems, investment databases, and data visualization tools.
  • Established relationships with affordable housing developers, fund managers, lenders, investors, public agencies, and other industry participants.
  • Prior experience leading teams, managing senior stakeholder relationships, and operating within a regulated financial institution or similarly complex investment platform.

About the Company

Morgan Stanley

Manages investments and advises on financing

Morgan Stanley advises companies and governments on financing and manages investments for institutions, individuals, and families. Its business combines investment banking and securities trading with wealth management and an asset-management division that invests across public and private markets. Bankers arrange stock and bond sales and advise on mergers, while advisors build client portfolios and fund managers invest money under agreed strategies. The firm earns advisory and management fees, trading revenue, commissions, and interest from lending and deposits. Morgan Stanley was founded as a partnership in 1935 and is headquartered in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1935

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