CIC Fund Investments Associate

Huntington Bank; Clayton (MO); On-site; USD 70,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Retirement savings plan

Job summary

Huntington Bank is seeking a CIC Fund Investments Associate in Clayton, MO to support LIHTC fund investments and manage relationships with syndicators. The role involves underwriting, financial modeling, and collaboration with loan officers.

Ideal candidates will possess 6+ years of LIHTC experience and a bachelor’s degree, with preferred qualifications including advanced degrees and significant underwriting experience.

A flexible office arrangement is available, and competitive salary ranges from $70,000 to $140,000 annually.

Qualifications

• Bachelor's degree from accredited university required.
• 6+ years of LIHTC experience preferred.
• 4+ years in underwriting and closing required.

Responsibilities

• Underwrite equity investments for LIHTC funds.
• Act as key contact during underwriting and closing.
• Draft comprehensive memorandums for transactions.

Skills

LIHTC experience

Financial modeling

Risk assessment

Presentation skills

Education

Bachelor's degree

Advanced degree in finance or accounting

Tools

Excel

Job description

## CIC Fund Investments AssociateApplyremote type: Officelocations: Clayton, MO: New York, NY: Columbus, OH: Chicago, IL: Detroit, MItime type: Full timeposted on: Posted Todayjob requisition id: R0072913# **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**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**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:**OfficeOur Approach to **Office** Workplace TypeCertain 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 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).