Affordable Housing Finance Product Manager – Executive Director

Morgan Stanley

Lead Affordable Housing Finance Product Manager at Morgan Stanley managing investments across the full lifecycle. Oversee sourcing, underwriting, and relationship management to ensure strong portfolio performance.

Posted 7/25/2026full-timeNew York City • California, Colorado, Illinois, New York, Utah • 🇺🇸 United StatesLead💰 $150,000 - $250,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

Use this summary to align your resume positioning with the role.

Demonstrates extensive expertise in affordable housing finance and private equity, with strong capabilities in financial modeling, valuation, and portfolio management. Proven track record in relationship management and strategic investment decision-making within complex institutional environments.

Highest-signal resume keywords

Affordable Housing FinancePrivate Equity Fund StructuresFinancial ModelingPortfolio Risk ManagementRelationship Management

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

ValuationCredit AnalysisCash Flow ForecastingInvestment Performance AssessmentDue DiligenceUnderwritingMarket ReviewTransaction ApprovalAsset ManagementInvestment Guidelines

Soft Skills

Excellent CommunicationNegotiation SkillsOrganizational SkillsDetail-OrientedAnalytical Rigor

Tools & Technologies

Microsoft ExcelMicrosoft PowerPointMicrosoft WordPortfolio Reporting SystemsInvestment DatabasesData Visualization Tools

Industry Keywords

LIHTC InvestmentsMulti-Family Real Estate InvestmentCreditPortfolio ManagementCommunity Development Impact

About the role

Key responsibilities & impact

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 evaluation of 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 strong 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 CRA 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 strong execution standards, analytical rigor, and consistent portfolio management practices.

Requirements

What you’ll need

15+ years of relevant experience in affordable housing finance, private equity, multi-family real estate investment, asset management, credit, or portfolio management.
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 with demonstrated ability to work effectively with fund managers, developers, sponsors, legal counsel, and internal control partners.
Highly organized, detail-oriented, and able to manage multiple priorities, transactions, portfolio matters, and deadlines in a complex institutional environment.
Advanced proficiency in Microsoft Excel, PowerPoint, and Word; experience with portfolio reporting systems, investment databases, and data visualization tools preferred.

Benefits

Comp & perks

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