New Markets Tax Credit Project Manager I

Description

Summary:

The New Markets Tax Credit (NMTC) Business Development Associate Project Manager will work on equity and debt underwriting and project management of NMTC and co-manage the internal relationships with the closing teams and external developer relationships.

This role will be located at the Huntington Pittsburgh Vision office, 116 15th Street, Pittsburgh, PA 15222.

Duties and Responsibilities:

• Underwriting debt facilities and equity investments and coordinating successful closings with all internal and external groups
• Acting as a contact with the developer during the underwriting and closing process
• Financial modeling of sources and uses, capital stack, development budget, operating budget pro forma, cash flow, benefit schedule, and other relevant analyses
• Basic 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.
• Learning and ultimately leading limited partnership agreement negotiations, closing timelines and due diligence review
• Acting as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues
• Other duties as assigned

Basic Qualifications:

• Bachelor's Degree
• 2+ of New Markets Tax Credit (NMTC) experience with technical knowledge of the NMTC program

Preferred Qualifications:

• Familiarity with other tax credit programs such as State and Historic Tax Credits and debt products
• Basic proficiency in excel modeling of debt and equity investments
• Basic knowledge of limited partnership agreements and loan documents with focus on guarantees and security
• Some tax credit syndications knowledge
• Strong presentation skills to Credit and other internal stakeholders
• Bachelor’s degree from accredited university. Finance, accounting, or business degree preferred.

#LI-ME1 #LI-Onsite

Exempt Status: (Yes= not eligible for overtime pay) (No= eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

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.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters:  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.