CIC Business Development Officer I
About The Position
The CIC Business Development Officer I works with Business Development Officers on originating and underwriting equity and debt for LIHTC investments and loans. The position reports to the Director of Business Development. The role supports origination of LIHTC equity and construction and permanent debt at the lower tier, as well as construction and permanent debt through CDLI investments in multi and proprietary funds. It performs financial modeling and underwriting, supports investment and loan closings, and coordinates with developers and internal teams. The position also collaborates across CDLI, communicates with Credit, represents the bank in industry discussions, and supports the bank’s financial and community impact interests. This is an office workplace position. Certain positions outside the branch network may be eligible for a flexible work arrangement; specific arrangements are provided by the hiring team.
Requirements
- Bachelor’s degree.
- At least 3 years of LIHTC experience, including technical knowledge of the LIHTC program.
Nice To Haves
- Bachelor’s degree in finance, accounting, or business.
- Familiarity with other tax credit programs, such as State and Historic Tax Credits, and with debt products.
- Basic proficiency in Excel modeling of debt and equity investments.
- Basic knowledge of limited partnership agreements and loan documents, with a focus on guarantees and security.
- Basic understanding of how to analyze sponsor financial statements, real estate owned schedules, organizational structures, and business plans.
- Some knowledge of tax credit syndications.
- Strong presentation skills for Credit and other internal stakeholders.
Responsibilities
- Assist Business Development Officers with originating LIHTC equity and construction and permanent debt at the lower tier.
- Assist Business Development Officers with originating construction and permanent debt through CDLI’s investments in multi and proprietary funds.
- Perform financial modeling and analyses, including tax benefits and capital accounts, sources and uses, capital stack, development and operating budgets, pro formas, cash flow, benefit schedules, revenue, expenses, debt structures, and market comparables.
- Serve as a contact for developers during underwriting and closing, emphasizing relationship building.
- Underwrite sponsors by analyzing financial statements, real estate owned schedules, entity structures, business plans, and related processes and procedures.
- Underwrite direct investments and coordinate successful closings with internal groups, including closers, loan administrators, and RETS, as needed.
- Collaborate with CDLI colleagues to develop business development, project management, underwriting, closing, and asset management capabilities.
- Serve as a point of contact with Credit for investments and loans, providing regular and substantive updates on key issues.
- Demonstrate stewardship of Huntington’s financial and community impact interests internally and in communities where the bank invests.
- Represent the bank at industry events and participate in industry-leading discussions, including policy discussions.
- Serve as a point of contact for legal and accounting professionals.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
