Huntington National Bank

Compensation

Full Description

Description The Huntington Community Impact Capital (CIC) Project Manager (underwriter) will lead tax credit equity and debt underwriting and project management of affordable housing LIHTC projects and manage the internal relationships with the closing teams and external developer relationships. The project manager will report to a Project Manager Team Lead. They will be primarily responsible for: Lead underwriting and closing for debt facilities and equity investments, and coordinating successful, timely closings with all internal and external groups (e.g., closers, loan administrators, RETS, third-party reports, counsel, other lenders, etc.). Ensure proposed tax credit financed project complies with all tax provisions required to maximize investment value, including 704(b) capital account analysis. Work with counsel to negotiate partnership agreement terms that protect the Banks’ ownership interest in LIHTC investments and ensure consistency between the Bank’s lending documents and partnership documents. Acting as primary contact with the developer during the underwriting and closing process with an emphasis on building relationships Financial modeling of tax benefits and capital account analysis, sources and uses, capital stack, development budget, operating budget pro forma, cash flow, benefit schedule, and other relevant analyses Intermediate proficiency in understanding and identifying associated risks (especially those particular to tax credit developments and IRC Section 42), and the ability to describe and/or devise mitigants. Drafting and presenting comprehensive memoranda summarizing the transaction, including deal structure, budgets, guarantor analysis, compliance, risks and mitigants, risk ratings, and final recommendations. Memos should be of high quality and based on sound underwriting. Assisting 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 Working with CIC business development on analyzing and structuring opportunities prior to issuance of term sheets Acting as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues Training junior employees and analysts 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 Basic Qualifications: Bachelor’s degree from accredited university. Finance, accounting, or business degree. 4+ years of LIHTC experience 2+ years of LIHTC (or CRE) underwriting and closing experience Preferred Qualifications: 6+ years of LIHTC experience 4+ 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 Intermediate proficiency in excel modeling of debt and equity investments Intermediate knowledge of limited partnership agreements and loan documents with focus on guarantees and security Intermediate understanding of analyzing sponsor financial statements, real estate owned schedules, contingent liabilities, organizational structures, and business plans Strong presentation skills to Credit and other internal stakeholders Embrace Huntington’s values of Can-Do Attitude, Forward Thinking, and Service Heart Focus on Action 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 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. Compensation Range: $70,000.00 - 140,000.00 Annual Salary The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). Huntington is an Equal Opportunity Employer. Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration. 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. If that sounds like you, we hope you’ll apply to join our team. If you’d like to learn more about how Huntington looks out for people, visit https://www.huntington.com/lookingout We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of this site or if you require a reasonable accommodation to apply for a job or to perform the essential functions of the job, please send an email to HuntingtonCareers@Huntington.com Reasonable Accommodations Reasonable Accommodations EEOC Disclaimer Know Your Rights CA Data Privacy CA Data Privacy Rights Tobacco Disclaimer Tobacco-Free Hiring Practice Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.