[Hiring] Manager of Compliance and Asset Management @Cherry Bekaert

Role Description

Cherry Bekaert’s Strategic Financing Services team is looking for a Manager of Compliance and Asset Management (SFS Manager). Strategic Financing Services (SFS) by Cherry Bekaert specializes in New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs) and numerous other local, state and federal credits and incentives.

As a SFS Manager, you will:

• Assist with underwriting and structuring NMTC transactions ensuring compliance with tax code and executed allocation agreements.
• Review community benefits agreements and plans for implementation.
• Review loan closing documents and reporting requirements to incorporate into the Compliance and Asset Management system.
• Prepare annual CDE compliance reports to the U.S. Treasury Department’s CDFI Fund via the AMIS reporting system.
• Monitor CDE compliance with NMTC Program and Allocation Agreement including performing Sub-All and Redemption testing.
• Collect and analyze QALICB certifications and community impact information.
• Collect quarterly project level financial statements and compliance reports and perform financial and compliance analysis of information.
• Maintain quarterly risk ratings for assigned portfolio.
• Post-closing, communication with borrowers, lenders, and investors.
• Other job-related functions as assigned.

Qualifications

• BA in Accounting, Finance, Economics or related field.
• 4+ years of experience in community development finance, structured finance, or commercial loans strongly preferred.
• Knowledge of tax credit financing with specific experience with NMTC required, with specific experience with CDFI Fund’s AMIS reporting strongly preferred.
• Experience in working with CDEs, lenders, investors.
• Proficiency in Excel.
• Strong sense of urgency and shared sense of mission.

Benefits

• 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.
• 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 enhance your personal and work life.

Pay Range

$109,900-$170,900