CIC Fund Investments Associate

Description

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.

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

• Bachelor’s degree from accredited university
• 6+ years of LIHTC experience
• 4+ years of LIHTC (or CRE) underwriting and closing experience

• Advanced degree from 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

• Embrace Huntington’s values of Can-Do Attitude, Forward Thinking, and Service Heart
• A 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

Huntington is an Equal Opportunity Employer.