Website Broadstreet Impact Services
About Broadstreet Impact Services
Broadstreet Impact Services is a prominent impact financial services company that operates two synergistic businesses: fund services and fund management. The company prioritizes impact investing, aiming to achieve both financial returns and significant real-world impacts. With its robust fund administration and operational support, Broadstreet caters to fund managers and also manages specific investment vehicles like private loan funds and a specialized tax credit investing platform, which includes the New Markets Tax Credit (NMTC) program. Currently, the company administers approximately $1.9B in assets for clients and manages around $500M in proprietary fund assets.
About this Role
Broadstreet Impact Services is looking for a Senior Associate to join their NMTC originations team. The Senior Associate will play a crucial role in deploying NMTC equity and allocation, ensuring that investments align with the impact and strategic goals of both Broadstreet and its investors. The role involves a comprehensive evaluation and management of a pipeline of potential NMTC transactions, focusing on program eligibility, community development alignment, and financial viability. The successful candidate will conduct in-depth underwriting, performing due diligence on real estate projects and financial structures.
Responsibilities
- Assist with evaluating and managing a pipeline of NMTC transactions.
- Review and underwrite financing applications.
- Evaluate financial structures and models.
- Conduct due diligence on real estate projects.
- Prepare and present investment memos for advisory committees.
- Stay current with evolving NMTC industry issues and trends.
- Communicate issues and trends to team members.
Requirements
- Commitment to working in under-resourced communities.
- 3+ years of credit and underwriting experience.
- Experience preparing investment memorandums.
- Effective interpersonal and communication skills.
- Bachelor’s degree in finance, economics, or a related field.
Benefits
- Not Specified Please verify the company website and job benefits as this information was not included in your initial provided text.
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