CDLI Relationship Manager III

Huntington National Bank•St. Louis, MO

1d•Hybrid

About The Position

The CIC Equity Investment Manager will lead and manage all aspects of the origination, relationship management, underwriting and project management of LIHTC fund investments with CIC’s syndicator partners. The individual will play a critical role in the banks CRA investment strategy and be a liaison to the CIC lending team. The position will report to the Director of Business Development. Please note: the preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago or New York. They will be responsible for: Originating and underwriting equity investments for LIHTC funds and managing relationships with syndicator partners Acting as primary contact with the syndicator during the fund underwriting and closing process Own, manage, and track CRA investment goals and collaborate with Huntington CRA team Acting as a key point of contact with Credit and Accounting for fund investment approval and system onboarding Working with CIC Debt Originations on strategies for loan opportunities with development sponsors that align with CRA lending goals Promoting and leading direct or sponsored lending opportunities with tax credit syndicators including LIHTC warehousing and equity subscription bridge facilities Provide strategic direction and co-lead Treasury Management tracking for syndicator relationships 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. Review and comment on fund documents including private placement memorandums and subscription documents. Review and overseeing work of supporting team members Being a primary point of contact for legal and accounting professionals 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

Requirements

Bachelor’s degree from accredited university
12+ years’ experience in Affordable Housing Investments (and/or lending) to include underwriting equity loans

Nice To Haves

Strong Technical knowledge of the LIHTC program
Advanced degree from accredited university. Finance, accounting, or business degree preferred.
15+ years of LIHTC (or CRE) underwriting, lending, and closing experience
Tax credit syndications experience
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
Strong presentation skills to Credit and other internal stakeholders
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

Responsibilities

Originating and underwriting equity investments for LIHTC funds and managing relationships with syndicator partners
Acting as primary contact with the syndicator during the fund underwriting and closing process
Own, manage, and track CRA investment goals and collaborate with Huntington CRA team
Acting as a key point of contact with Credit and Accounting for fund investment approval and system onboarding
Working with CIC Debt Originations on strategies for loan opportunities with development sponsors that align with CRA lending goals
Promoting and leading direct or sponsored lending opportunities with tax credit syndicators including LIHTC warehousing and equity subscription bridge facilities
Provide strategic direction and co-lead Treasury Management tracking for syndicator relationships
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.
Review and comment on fund documents including private placement memorandums and subscription documents.
Review and overseeing work of supporting team members
Being a primary point of contact for legal and accounting professionals
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