Community Impact Capital Fund Investments Associate

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

Benefits offered by this job

Health Insurance

Wellness Program

Life and Disability Insurance

Retirement Savings Plan

Paid Leave

Paid Holidays

Paid Time Off

Job summary

Huntington seeks a VP, Equity Investment Manager to lead underwriting and project management for LIHTC fund investments with syndicator partners. You will manage relationships with CIC loan officers and coordinate between syndicators and developers.

The role reports to the VP, Equity Investment Manager and supports CRA goals. The ideal candidate has extensive LIHTC and CRE underwriting experience, strong financial modeling skills, and the ability to present higher-quality memorandums.

Qualifications

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

Responsibilities

• 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

Skills

LIHTC underwriting

Financial modeling

Stakeholder management

CRE underwriting

Excel modeling

Risk analysis

Presentation skills

Education

Bachelor’s degree

Advanced degree

Tools

Microsoft Excel

Job 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.

• 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

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.

• 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.

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Reasonable Accommodations

Reasonable Accommodations Various methods will be used throughout the recruitment process to verify candidate authenticity. Any interviews conducted virtually must be joined from a distraction-free environment, with the candidate on camera and without the use of virtual backgrounds.