CIC Sr. Project Manager

Job Description

The Huntington Community Impact Capital ("CIC") Project Manager (underwriter) will lead tax credit equity and debt underwriting and project management of affordable housing LIHTC projects, managing internal relationships with closing teams and external developer partnerships. The project manager reports to the Director of Project Management and will be primarily responsible for ensuring successful, timely closings, compliance with tax provisions, and collaboration across the bank’s lending and partnership documents.

• Lead underwriting and closing for debt facilities and equity investments, coordinating successful, timely closings with all internal and external groups (e.g., closers, loan administrators, RETS, third‑party reports, counsel, other lenders, etc.). Ensure proposed tax‑credit financed projects comply with all tax provisions required to maximize investment value, including 704(b) capital account analysis.
• Act as primary contact with the developer during the underwriting and closing process, emphasizing relationship building.
• Perform financial modeling of tax benefits and capital account analysis, sources and uses, capital stack, development budget, operating budget pro‑forma, cash flow, benefit schedule, and other relevant analyses.
• Identify and assess associated risks (especially those particular to tax credit developments and IRC Section 42), and describe or devise mitigants.
• Draft and present comprehensive memoranda summarizing the transaction, including deal structure, budgets, guarantor analysis, compliance, risks and mitigants, risk ratings, and final recommendations.
• Assist in continuous improvement and development of various CIC infrastructure projects.
• Collaborate with other CIC colleagues to create best‑in‑class project management, underwriting, closing, and asset management platforms.
• Work with CIC business development on analyzing and structuring opportunities prior to issuance of term sheets.
• Act as a key point of contact with Credit regarding investments and loans, providing regular substantive updates on key issues.
• Train junior employees and analysts.
• 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 leading discussions, including policy.

• Bachelor’s degree.
• 4+ years of LIHTC experience.
• 2+ years of LIHTC (or CRE) underwriting and closing experience.

• Bachelor’s degree from an accredited university;
  Finance, accounting, or business degree preferred.
• 6+ years of LIHTC experience.
• 4+ 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.
• Intermediate proficiency in Excel modeling of debt and equity investments.
• Intermediate knowledge of limited partnership agreements and loan documents focused on guarantees and security.
• Intermediate understanding of analyzing sponsor financial statements, real estate owned schedules, contingent liabilities, organizational structures, and business plans.
• Strong presentation skills to Credit and other internal stakeholders.

Yes (not eligible for overtime pay).

Office. Certain positions outside our branch network may be eligible for flexible work arrangements. We combine the best of both worlds: in‑office and work from home. Our approach enables teams to deepen connections, maintain strong community ties, 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.

$70,000.00 – $ Annual Salary

The compensation range represents the low and high end of the base compensation for this position. Actual compensation may vary above or below the range based on location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. Huntington provides a variety of benefits, 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.

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