CIC Relationship Manager III
Locations: Columbus, OH, Pittsburgh, PA
Requisition ID: R0069698
Role Summary
The CIC Equity Investment Manager will lead and manage all aspects of the origination, relationship management, underwriting, and project management of LIHTC fund investments with CIC’s syndicator partners.
The individual will play a critical role in the bank’s CRA investment strategy and be a liaison to the CIC lending team. The position reports to the Director of Business Development. Preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago, or New York.
What You’ll Do
- Originate and underwrite equity investments for LIHTC funds and manage relationships with syndicator partners
- Act as primary contact with the syndicator during the fund underwriting and closing process
- Own, manage, and track CRA investment goals and collaborate with the Huntington CRA team
- Act as a key point of contact with Credit and Accounting for fund investment approval and system onboarding
- Work with CIC Debt Originations on strategies for loan opportunities with development sponsors that align with CRA lending goals
- Promote and lead direct or sponsored lending opportunities with tax credit syndicators, including LIHTC warehousing and equity subscription bridge facilities
- Provide strategic direction and co-lead Treasury Management tracking for syndicator relationships
- Perform financial modeling of upper-tier benefit schedules, property grids, and other relevant analyses
- Identify associated risks and describe and/or devise mitigants
- Review and comment on fund documents, including private placement memoranda and subscription documents
- Review and oversee the work of supporting team members
- Serve as a primary point of contact for legal and accounting professionals
- 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
Required Qualifications
- Bachelor’s degree from an accredited university
- 12+ years’ experience in Affordable Housing Investments (and/or lending) to include underwriting equity loans
Preferred Qualifications
- Strong technical knowledge of the LIHTC program
- Advanced degree from an accredited university (Finance, Accounting, or Business degree preferred)
- 15+ years of LIHTC (or CRE) underwriting, lending, and closing experience
- Tax credit syndications experience
- 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
- Strong presentation skills to Credit and other internal stakeholders
Compensation & Benefits
Exempt Status: Yes
Workplace Type: Office
Certain positions outside the branch network may be eligible for a flexible work arrangement. Specific work arrangements will be provided by the hiring team.
Compensation Range: 93,000.00 - 189,000.00 Annual Salary
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 Statement
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.