Huntington National Bank
CIC Business Development Officer I - Fund Investments
Huntington National Bank, Columbus, Ohio, United States, 43224
CIC Business Development Officer I - Fund Investments
Be among the first 25 applicants.
Description The CIC Business Development Officer I (BDA) will support the SVP, Equity Investment Manager and 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.
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
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
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 investmentsAdvanced 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)
Workplace Type Office – 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.
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).
Equal Opportunity Employer Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice Visit Huntington's Career Web Site for more details.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Business Development and Sales
Industries
Banking, Financial Services, and Investment Banking
#J-18808-Ljbffr
Description The CIC Business Development Officer I (BDA) will support the SVP, Equity Investment Manager and 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.
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
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
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 investmentsAdvanced 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)
Workplace Type Office – 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.
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).
Equal Opportunity Employer Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice Visit Huntington's Career Web Site for more details.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Business Development and Sales
Industries
Banking, Financial Services, and Investment Banking
#J-18808-Ljbffr