LIHTC Investments Associate - Underwriting & Syndication

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

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.