About this opportunity
0101 The Huntington National Bank lists this Community Impact Capital Fund Investments Associate opportunity in clayton, Missouri. Review the employer’s description below for duties, qualifications and application requirements.
Job description
The Community Impact Capital Fund Investments will support the VP, Equity Investment Manager and help lead the underwriting and project management of LIHTC fund investments with the bank’s syndicator partners. The individual will also help manage relationships with CIC loan officers and act as a liaison between syndicator partners and external developer relationships. The project manager will report to the VP, Equity Investment Manager.
Please note: the preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago or New York.
Responsibilities
Underwriting equity investments for LIHTC funds and helping to manage relationship with syndicator partners
Acting as primary contact with the syndicator during the fund underwriting and closing process
Financial modeling of upper tier benefit schedules, property grids and other relevant analyses
High proficiency in understanding and identifying associated risks, and the ability to describe and/or devise mitigants.
Drafting and presenting comprehensive memorandums summarizing the transaction, including deal structure, budgets, guarantor analysis, compliance, risks and mitigants, and final recommendation.
Memos should be of high quality and based on sound underwriting.
Review and comment on fund documents including private placement memorandums and subscription documents.
Own, manage and track CRA investment goals and collaborate with Huntington CRA team
Working with CIC Originations on strategies for loan opportunities and alignment with CRA lending goals
Acting as a key point of contact with Credit for fund investments
Manage and lead treasury management tracking for syndicator relationships
Demonstrating strong stewardship over Huntington’s financial and community impact interests internally and in the communities where we invest
Representing the bank in industry events and participate in industry leading discussions, including policy
Basic Qualifications
Bachelor’s degree from accredited university
6+ of LIHTC experience
4+ years of LIHTC (or CRE) underwriting and closing experience
Preferred Qualifications
Advanced degree from accredited university.
Finance, accounting, or business degree preferred.
8+ of LIHTC experience
6+ years of LIHTC (or CRE) underwriting and closing experience
Tax credit syndications experience
Technical knowledge of the LIHTC program
Familiarity with other tax credit programs such as State and Historic Tax Credits and debt products
High proficiency in excel modeling of debt and equity investments
Advanced knowledge of LIHTC fund investment
Strong presentation skills to Credit and other internal stakeholders
Knowledge of financial, accounting and/or technology systems
Ability to work under tight deadlines and under pressure
Ability to identify problems and recommend appropriate solutions
Strong presentation skills #LI-ME1 #LI-Onsite
Exempt Status
Yes, not eligible for overtime pay.
Workplace Type & Approach
Office. Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Compensation Range
Compensation Range: $70,000 - $140,000 Annual Salary. The compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.
Benefits
health insurance coverage
wellness program
life and disability insurance
retirement savings plan
paid leave programs
paid holidays
paid time off (PTO)
participate in an applicable incentive compensation plan
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice:
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.