CIC Fund Investments Associate

Huntington National Bank•Detroit, MI

7d•$70,000 - $140,000•Hybrid

About The Position

The CIC Fund Investments Associate 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. The preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago or New York.

Requirements

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

Nice To Haves

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
Natural intellectual curiosity to assist in growing products and services

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