NMTC - Project Finance Closing Senior

Cherry Bekaert’s Strategic Financing Services (SFS) Group is looking for a Project Finance Closing Specialist to join the SFS team. We offer an opportunity to work with a team of experts with a deep track record in New Markets Tax Credit (NMTC) allocation applications, NMTC placement and deployment, and NMTC compliance and asset management services. The successful candidate will manage the closings of NMTC transactions, ensuring that the structured transaction is accurately documented in the final closing documents, and the transaction closes timely and in compliance with IRS and CDFI rules and guidance. The successful candidate will have a strong attention to detail and deadlines and a mission to help make a difference in Low-Income Communities.

About SFS: SFS has been involved in the NMTC industry since its inception and to date has secured over $1.7 billion in NMTC funding. SFS is proud to have structured and facilitated NMTC investments that have created 28,077 direct jobs, served 957,153 clients through community facilities, and helped create over 10.6 million square feet of new and improved commercial and industrial real estate. SFS’s current portfolio consists of investments in areas with poverty rates as high as 66%, median family income as low as 14.24%, and unemployment rates as high as 31.2%.

As a Project Finance Closing Specialist, you will:

• Coordinate with Project Finance Managers to transition transactions from marketing stage to closing stage

• Monitor the collection of and review due diligence items from the project sponsor

• Work closely with legal counsel to ensure legal documents correctly reflect the approved structure for the client

• Review financial projections to ensure the terms from commitment letters and financial results for all parties are accurately documented

• Identify areas of risk and secure sources of mitigation and assist with broader underwriting of the project, as needed

• Communicate with and manage relationships with borrowers, CDEs, and investors

• Advise borrowers on business terms and work with closing team to finalize NMTC transaction

• Create and maintain best practices and forms that support efficient closings

• During off-season when there are fewer transactions in active closing, additional duties may include providing assistance to clients on compliance matters, helping clients with their tax credit applications/grant submissions and/or working with other strategic financing services team members on various projects · Other job-related functions as assigned

• Travel: 10-15%

What you bring to the role:

• BA in Accounting, Finance, Economics, or related field; Master’s Degree or JD a plus

• 3+ years of professional/industry experience in community development finance, tax credit finance, CDE/CDFI Lending preferred

• Experience in working with borrowers, lenders, investors

• Must be able to work independently with the ability to prioritize workflow and manage multiple projects simultaneously

• Strong attention to detail

• Ability to meet deadlines under tight time constraints

• Strong communication, analytical, and organizational skills

• Strong sense of urgency and shared sense of mission

What you can expect from us:

• Our shared values that foster inclusion and belonging including uncompromising integrity, collaboration, trust, and mutual respect

• The opportunity to innovate and do work that motivates and engages you

• A collaborative environment focused on enabling you to further your career growth and continuous professional development

• Competitive compensation and a total rewards package that focuses on all aspects of your wellbeing

• Flexibility to do impactful work and the time to enjoy your life outside of work

• Opportunities to connect and learn from professionals from different backgrounds and with different cultures

Benefits Information:

Cherry Bekaert cares about our people. We offer competitive compensation packages based on performance that recognize the value our people bring to our clients and our Firm. The salary range for this position is included below. Individual salaries within this range are determined by a variety of factors including but not limited to the role, function and associated responsibilities, a candidate’s work experience, education, knowledge, skills, and geographic location. In addition, we offer a comprehensive, high-quality benefits program which includes annual bonus, medical, dental, and vision care; disability and life insurance; generous Paid Time Off; retirement plans; Paid Care Leave; and other programs that are dedicated to enhancing your personal and work life and providing you and your family with a measure of financial protection.

Pay Range:

About Cherry Bekaert

Cherry Bekaert, ranked among the largest assurance, tax and advisory firms in the U.S., serves clients across industries in all 50 U.S. states and internationally. For more details, visit https://www.cbh.com/disclosure/ 

Cherry Bekaert provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, citizenship status, protected veteran status, disability status, or any other category protected by applicable federal, state or local laws. https://careers.cbh.com/legal-disclosures/ contains further information regarding the firm's compliance with federal, state and local recruitment and hiring laws. 

This role is expected to accept applications for at least five calendar days and may continue to be posted until a qualified applicant is selected or the position has been cancelled.   

Candidates must demonstrate eligibility to work in the United States. Cherry Bekaert will not provide work sponsorship for this position. 

Cherry Bekaert LLP and Cherry Bekaert Advisory LLC are members of Allinial Global, an accountancy and business advisory global association. Visit us at  https://careers.cbh.com/ and follow us on LinkedIn, Instagram, Twitter and Facebook.  

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