CIC Business Development Officer I - Fund Investments

Description

The CIC Business Development Officer I (BDA) will support the SVP, Equity Investment Manager and both assist and manage the underwriting and project management of LIHTC fund investments with CIC's syndicator partners. The individual will also co-manage relationships with CIC loan officers and act as a liaison between syndicator partners and external developer relationships. 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:

• 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
• 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 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
• Acting as a key point of contact with Credit and Accounting for fund investment approval and system onboarding
• Provide strategic direction and co-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

Basic Qualifications

• Bachelor's degree from accredited university. Finance, accounting, or business degree preferred.
• 6+ years of LIHTC experience
• 3+ years of LIHTC (or CRE) underwriting and closing experience

Preferred Qualifications

• Advanced degree from accredited university. Finance, accounting, or business degree preferred.
• 8+ of LIHTC experience
• 6+ years of LIHTC (or CRE) underwriting, lending, 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

Other Traits and Skills

• 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

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 will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.

Compensation Range:

$57,000.00 - 113,000.00 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.