New Markets Tax Credit Project Manager I

0101 The Huntington National Bank; Pittsburgh (Allegheny County); Presencial; USD 90.000 - 130.000; Jornada completa

Descripción de la vacante

Huntington National Bank is seeking a New Markets Tax Credit (NMTC) Business Development Associate Project Manager to work on equity and debt underwriting and close coordination with internal and external teams at the Pittsburgh Vision office.

The role involves financial modeling, risk assessment, and preparing comprehensive deal memos, with opportunities to lead partnership negotiations and due diligence. On-site position in Pittsburgh, PA.

Formación

• Bachelor's Degree from an accredited university; Finance, accounting, or business degree preferred.
• 2+ years NMTC experience with technical knowledge of the NMTC program.
• Basic proficiency in Excel modeling of debt and equity investments.
• Knowledge of limited partnership agreements and loan documents with focus on guarantees and security.
• Some tax credit syndications knowledge.
• Strong presentation skills to Credit and other internal stakeholders.
• Familiarity with NMTC and related tax credit programs is a plus.

Responsabilidades

• Underwriting debt facilities and equity investments and coordinating successful closings.
• Acting as a contact with the developer during underwriting and closing.
• Financial modeling of sources and uses, capital stack, development and operating budgets, cash flow, and related analyses.
• Identify and describe risks and devise mitigants.
• Draft memorandums summarizing transaction structure, budgets, guarantor analysis, compliance, and risk.
• Lead limited partnership agreement negotiations, closing timelines and due diligence.
• Maintain updates with Credit on investment and loan matters.

Conocimientos

NMTC experience

Excel modeling

Presentation skills

LP agreements knowledge

Tax credit knowledge

Financial analysis

Educación

Bachelor's Degree

Herramientas

Excel

Descripción del empleo

Description Summary: The New Markets Tax Credit (NMTC) Business Development Associate Project Manager will work on equity and debt underwriting and project management of NMTC and co-manage the internal relationships with the closing teams and external developer relationships. This role will be located at the Huntington Pittsburgh Vision office, 116 15th Street, Pittsburgh, PA 15222. #LI-ME1 #LI-Onsite

Duties and Responsibilities

• Underwriting debt facilities and equity investments and coordinating successful closings with all internal and external groups
• Acting as a contact with the developer during the underwriting and closing process
• Financial modeling of sources and uses, capital stack, development budget, operating budget pro forma, cash flow, benefit schedule, and other relevant analyses
• Basic 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
• Learning and ultimately leading limited partnership agreement negotiations, closing timelines and due diligence review
• Acting as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues
• Other duties as assigned

Basic Qualifications

• Bachelor's Degree
• 2+ years of New Markets Tax Credit (NMTC) experience with technical knowledge of the NMTC program
• Basic proficiency in excel modeling of debt and equity investments
• Basic knowledge of limited partnership agreements and loan documents with focus on guarantees and security
• Some tax credit syndications knowledge
• Strong presentation skills to Credit and other internal stakeholders
• Bachelor’s degree from accredited university. Finance, accounting, or business degree preferred.

Preferred Qualifications

• Familiarity with other tax credit programs such as State and Historic Tax Credits and debt products
• Basic proficiency in excel modeling of debt and equity investments
• Basic knowledge of limited partnership agreements and loan documents with focus on guarantees and security
• Some tax credit syndications knowledge

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay) Yes

Workplace Type: Office

Our Approach to Office Workplace Type: 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.

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Huntington is an Equal Opportunity Employer.

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.

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Welcome to Huntington! At Huntington, we look out for people. From reinventing banking with game-changing innovations to building an internal culture that creates lifelong bonds, together, we can make people’s lives better. And amazing things happen when we look out for each other. We prove it every day. Whether it’s helping a colleague or collaborating on a new tool that will revolutionize the way people save money, our actions can have a huge impact. Our colleagues look out for people with a Can-Do Attitude, Service Heart and Forward Thinking. Those are our values- simple but powerful. Each of them pushes us do the right thing, to do right by people. Because people are what matter.