"Alerted.org

Description

Job Description

The Community Impact Capital (CIC) Group is seeking a New Market Tax Credit (NMTC) Division Project Manager will lead equity and debt underwriting of NMTC communities and manage the internal relationships with the closing teams and external CDE relationships. The Project Manager will be responsible for:

+ Responsible for underwriting direct and proprietary investments

+ Coordinating successful closings with all internal groups (e.g. closers, loan administrators, etc.)

+ Act as primary contact with CDE and QALICB during the closing process

+ Financial modeling to include revenue, expenses, debt structures, market comparables, and other relevant analyses

+ Lead limited partnership agreement negotiations, closing timelines and due diligence review.

+ Assist in continuous improvement and development of various CIC infrastructure projects

+ Collaborating with other CIC colleagues to create Best in Class project management, underwriting, closing, and asset management platform

+ Work with CIC Business Development / Originations on structuring investments prior to issuance of LOI or term sheet

+ Ensuring sufficient economic returns for equity and debt as compared to initial yield at letter of intent

+ Act as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues

+ Assist in upkeep of documents requiring input from professional third parties (e.g. Form Limited Partnership Agreement, Base Financial Model, etc.)

+ Train junior employees and analysts

+ Demonstrate strong stewardship over Huntington’s financial and community impact interests internally and in the communities where we invest

+ Represent the bank in industry events and participate in industry leading discussions including policy

+ Encourage Huntington’s values of Can-Do Attitude, Forward Thinking and Service Heart

Basic Qualifications

+ Bachelor’s degree

+ 4+ years’ experience in NMTC

Preferred Qualifications

+ Technical knowledge of the NMTC program

+ Familiarity with other tax credit programs such as Low-Income Housing Tax Credits, Historic Tax Credits, and State Tax Credits

+ 6+ years of NMTC or related tax credit underwriting and closing experience

+ Ability to model investments in financial proforma

+ Knowledge of debt products and identification of risk components of loans

+ Deep understanding of limited partnership agreements and loan documents with focus on guarantees and security

+ Some tax credit equity syndications knowledge

+ Strong presentation skills to Credit and other internal stakeholders

+ High level of emotional intelligence in a division undergoing growth

+ Natural intellectual curiosity to assist in growing products and services

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

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. 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 is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.