Community Impact Capital Fund Investments Associate
Huntington Bank · Clayton, United States +5 · 1mo ago
Description
TheCommunity Impact Capital Fund Investmentswillsupport the VP, Equity Investment Managerand helpleadtheunderwriting and project management of LIHTCfund investments with the bank’ssyndicator partners.The individual will also helpmanage relationships withCIC loan officers and act as a liaison betweensyndicator partners andexternal developer relationships. The project manager will report to theVP, Equity Investment Manager.
Please note:the preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicagoor New York. They will be responsible for:
- Underwriting equity investmentsfor LIHTCfundsand helping to manage relationship withsyndicator partners
- Acting as primary contact with thesyndicatorduring thefundunderwriting and closing process
- Financial modeling ofupper tier benefit schedules,property grids andother 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 includingprivate placement memorandums and subscription documents.
- Own, manage and track CRA investment goals andcollaborate with Huntington CRA team
- Working withCICOriginations onstrategies for loan opportunities and alignment with CRA lending goals
- Acting as a key point of contact with Creditfor fundinvestments
- 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 andparticipatein 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 ofLIHTC 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) (No= eligible for overtime pay)
Workplace Type:
OfficeOur 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.
Compensation Range:
$70,000 - $140,000 Annual SalaryThe compensation range represents the anticipatedlow 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. In addition, 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).
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.