CIC Fund Investments Associate

Huntington National Bank; Chicago (IL); Hybrid; USD 70,000 - 140,000; Full time

Benefits offered by this job

Health insurance coverage

Wellness program

Life and disability insurance

Retirement savings plan

Paid leave programs

Paid holidays

Paid time off (PTO)

Job summary

Huntington National Bank is seeking an experienced LIHTC investment professional to support the VP, Equity Investment Manager in underwriting and project management for LIHTC fund investments with our syndicator partners. The role involves liaison with syndicators and CIC loan officers, plus diligent financial modeling and risk mitigation.

The team will work across diverse markets with a focus on underwrite, closing, and presenting thorough memorandums, ensuring compliance and strong deal

Qualifications

• Bachelor’s degree is required.
• 6+ LIHTC experience.
• 4+ years of LIHTC (or CRE) underwriting and closing experience.
• Advanced degree preferred.
• 8+ LIHTC experience.
• 6+ years LIHTC underwriting and closing experience.
• Tax credit syndications experience.
• Technical knowledge of the LIHTC program.
• High proficiency in Excel modeling of debt and equity investments.
• Strong knowledge of LIHTC fund investment.

Responsibilities

• Underwriting equity investments for LIHTC funds and managing relationships with syndicator partners.
• Acting as primary contact with the syndicator during fund underwriting and closing.
• Financial modeling of upper tier benefit schedules, property grids and related analyses.
• Identify risks and develop mitigants; draft comprehensive memorandums summarizing transactions.
• Review fund documents including private placement memorandums and subscriptions.
• Own and track CRA investment goals and collaborate with Huntington CRA team.
• Coordinate with CIC Originations on loan opportunities aligned with CRA goals.
• Interact with Credit on fund investments and manage treasury tracking for syndicator relationships.

Skills

LIHTC underwriting

Financial modeling

Relationship management

Presentation skills

Education

Bachelor’s degree from accredited university

Advanced degree preferred

Tools

Excel modeling

Job description

Description

TheCIC 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

Other Traits and Skills

• 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

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).

• health insurance coverage
• wellness program
• life and disability insurance
• retirement savings plan
• paid leave programs
• paid holidays
• paid time off (PTO)

Huntington is an Equal Opportunity Employer.

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