Project Finance Closing Specialist

Cherry Bekaert Advisory • Atlanta, GA

47d

About The Position

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%

Requirements

• 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

Responsibilities

• 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

Benefits

• 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
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees