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Job description
Overview
The CIC 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.
Preferred Locations
The preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago, or New York.
Responsibilities
Underwrite equity investments for LIHTC funds and help manage relationships with syndicator partners.
Act as the primary contact with the syndicator during the fund underwriting and closing process.
Perform financial modeling of upper tier benefit schedules, property grids and other relevant analyses.
Identify and analyze associated risks and develop mitigating strategies.
Draft and present comprehensive memorandums summarizing the transaction, including deal structure, budgets, guarantor analysis, compliance, risks and mitigants, and final recommendation.
Review and comment on fund documents including private placement memorandums and subscription documents.
Own, manage and track CRA investment goals and collaborate with the Huntington CRA team.
Work with CIC Originations on strategies for loan opportunities and alignment with CRA lending goals.
Act as a key point of contact with Credit for fund investments.
Manage and lead treasury management tracking for syndicator relationships.
Demonstrate strong stewardship over Huntington’s financial and community impact interests internally and in the communities where we invest.
Represent the bank in industry events and participate in industry-leading discussions, including policy.
Basic Qualifications
Bachelor’s degree from an accredited university.
6+ years of LIHTC experience.
4+ years of LIHTC (or CRE) underwriting and closing experience.
Preferred Qualifications
Advanced degree from an accredited university; finance, accounting, or business degree preferred.
8+ years 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.
Other Traits And Skills
Embrace Huntington’s values of Can-Do Attitude, Forward Thinking, and Service Heart.
Developed and focused growth mindset with the ability to pivot and be nimble in a growing division.
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.
Natural intellectual curiosity to assist in growing products and services.
Exempt Status
Exempt Status: Yes (not eligible for overtime pay)
Workplace Type
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. 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
$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. Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Equal Opportunity Employer
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice
Visit Huntington’s Career Web Site for more details.
Agency Note
Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.