Compliance and Asset Management (CAM) Senior

The Compliance and Asset Management (CAM) Senior will implement the Compliance and Asset Management activities of NMTC investments. 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%.

About The Innovate Fund (TIF): TIF serves the state of Georgia, North Carolina, South Carolina, and Tennessee. Since inception, it has directly deployed $327 million of NMTC investments in 28 transactions that have leveraged an additional $480.1 million of indirect capital, and created 6,460 direct jobs, while expanding the service area’s health and wellness services to 229,299 Low Income Persons. TIF is governed by a seven-member governing board, including representation from Cherry Bekaert and the Greenville Local Development Corporation, with input from an advisory board of 9 LIC experts.

Your day looks like:

• Review loan closing documents and reporting requirements to incorporate into the Compliance and Asset Management calendar 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

What you need for this role:

• Prefer 3+ years of professional/industry experience in community development finance, tax credit finance, CDE/CDFI Lending
• Knowledge of tax credit finance reporting required, with specific experience with CDFI Fund’s AMIS reporting strongly preferred
• Experience in working with borrowers, lenders, investors
• Must be able to work independently with the ability to prioritize workflow and manage Compliance and reporting obligations
• Proficiency in Excel
• Strong sense of urgency and shared sense of mission

Other Requirements:

• BA in Accounting, Finance, Business, Planning or related field

What we offer you:

• 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.

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. “Cherry Bekaert” is the brand name under which Cherry Bekaert LLP and Cherry Bekaert Advisory LLC, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. Cherry Bekaert LLP is a licensed CPA firm that provides attest services, and Cherry Bekaert Advisory LLC and its subsidiary entities provide business advisory and non-attest services spanning the areas of transaction advisory, risk and accounting advisory, digital solutions, cybersecurity, tax, benefits consulting, and wealth management. For more details, visitcbh.com/disclosure. 

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 $75,000 – 139,200. Individual salaries within this range are determined by a variety of factors including but not limited to education, experience, knowledge, skills, and geographic location.In addition, we offer a comprehensive, high-qualitybenefits programwhich 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. 

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, protected veteran status, disability status, or any other legally protected basis, in accordance with applicable law. 

Candidates must demonstrate they are eligible to work in the United States.Cherry Bekaert will not provideworksponsorship 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 atcbh.com/careersand follow us onLinkedIn,Facebook,TwitterorInstagram. 

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