Community Impact Capital Fund Investments Associate at Huntington Bank

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 . They will be responsible for:   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) ( 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. 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.  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.