What are the responsibilities and job description for the Strategic Financing Services Fellow position at Cherry Bekaert?
Strategic Financing Services - Open Access Fellow
The Strategic Financing Services team at Cherry Bekaert (SFS) is looking for an Open Access Fellow 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, Historic Tax Credit (HTC) and NMTC placement and deployment, and NMTC compliance and asset management services. The fellow will have a unique opportunity to experience multiple facets of the NMTC industry and serve as a key member of the team, completing tangible projects throughout the duration of the fellowship.
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 14,530 direct jobs, served 489,860 clients through nonprofit investments, and helped create over 9.7 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%.
Essential Job Duties and Responsibilities:
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, Glassdoor, Instagram, Twitter and Facebook.
© 2025 Cherry Bekaert. All Rights Reserved.
The Strategic Financing Services team at Cherry Bekaert (SFS) is looking for an Open Access Fellow 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, Historic Tax Credit (HTC) and NMTC placement and deployment, and NMTC compliance and asset management services. The fellow will have a unique opportunity to experience multiple facets of the NMTC industry and serve as a key member of the team, completing tangible projects throughout the duration of the fellowship.
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 14,530 direct jobs, served 489,860 clients through nonprofit investments, and helped create over 9.7 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%.
Essential Job Duties and Responsibilities:
- Work with the Project Finance team to help identify, evaluate, and manage a pipeline of NMTC, and other community development finance, opportunities
- Help Collect, package, and manage due diligence on potential borrowers and Project Sponsors
- Develop marketing materials to present to CDEs and investors
- Support meetings with CDEs to better identify the best project financing match
- Update, maintain, and optimize multiple databases housed in Smartsheet and Microsoft Dynamics
- Work with Management Services team to learn accounting entries; analysis of financial statements and quarterly financial statements for CDEs, Sub-CDEs, and QALICBs
- Assist with providing information for annual audits of CDEs, Sub-CDEs, and QALICBs
- Assist with loan servicing and asset management activities for loan portfolio
- Collect and provide quarterly financial analysis of project-level financial statements
- Work with the SFS team and The Innovate Fund (our affiliated CDE) to support event logistics, including board meeting preparation and conference attendee outreach
- Support collection and visualization of impact data to be presented to multiple stakeholders
- Opportunity to join team building and industry events, if schedule permits
- Other job-related functions as assigned
- Location: Flexible; depends on candidate and market.
- Positive attitude and desire to learn about project finance
- Must be able to work independently with the ability to prioritize workflow
- Proficiency in Microsoft Office
- Strong sense of urgency and a shared sense of mission
- College degree preferred
- Unique opportunity tailored to the fellow to get hands-on experience in the NMTC industry to propel a career in community development finance.
- 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 your career growth and continuous professional development.
- 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.
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, Glassdoor, Instagram, Twitter and Facebook.
© 2025 Cherry Bekaert. All Rights Reserved.
