Huntington National Bank

CIC Fund Investments Associate

Huntington National Bank$70K — $140K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree from an accredited university.
  • 6+ years of experience with LIHTC.
  • 4+ years of LIHTC or CRE underwriting and closing experience.
  • Advanced degree in finance, accounting, or business preferred.
  • Tax credit syndications experience is a plus.
  • Strong financial modeling capabilities, especially in Excel.

Responsibilities

  • Underwrite equity investments for LIHTC funds and manage relationships with syndicator partners.
  • Act as the primary contact with syndicators during fund underwriting and closing processes.
  • Conduct financial modeling for upper tier benefit schedules and property grids.
  • Identify and clarify associated risks, proposing mitigation strategies.
  • Draft and present detailed memorandums summarizing transactions, including deal structure and compliance.
  • Review and comment on fund documents such as private placement and subscription documents.
  • Collaborate with the CRA team on investment goals.

Benefits

  • Flexible work arrangements allowing for a mix of in-office and remote work.
  • Participation in a wellness program for overall health.
  • Life and disability insurance coverage.
  • Retirement savings plan options.
  • Paid leave programs, including holidays and PTO.
Full Job Description
Description

TheCIC Fund Investmentswill support the VP, Equity Investment Managerand help leadtheunderwriting and project management of LIHTCfund investments with the bank’ssyndicator partners.The individual will also helpmanage relationships withCIC loan officers and act as a liaison between syndicator partners and external developer relationships.  The project manager will report to the VP, Equity Investment Manager.

Please note: the preferred locations are Columbus, St. Louis, Cleveland, Detroit, Chicago or New York. They will be responsible for: 

  • Underwriting equity investmentsfor LIHTCfunds and helping to manage relationship withsyndicator partners

  • Acting as primary contact with thesyndicatorduring the fundunderwriting and closing process

  • Financial modeling ofupper tier benefit schedules,property grids andother 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 includingprivate placement memorandums and subscription documents.

  • Own, manage and track CRA investment goals andcollaborate with Huntington CRA team

  • Working withCICOriginations on strategies for loan opportunities and alignment with CRA lending goals

  • Acting as a key point of contact with Creditfor fundinvestments 

  • Manage and 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 andparticipatein industry leading discussions, including policy

Basic Qualifications 

  • Bachelor’s degree from accredited university

  • 6+ of LIHTC experience 

  • 4+ 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 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 ofLIHTC 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.

Compensation Range:

$70,000 - 140,000 Annual Salary

The compensation range represents the anticipatedlow and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education.  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). 

About Huntington National Bank

Huntington National Bank Careers

Join the dynamic team at Huntington National Bank, a place where your career aspirations align with outstanding job opportunities. Our commitment to innovation, leadership, and professional growth makes Huntington an ideal environment for your ambitions to flourish.

Work You’ll Do

At Huntington, we empower our employees to master their career paths in the banking industry. As a member of our team, you will engage in meaningful work that directly impacts our clients and communities. With a focus on digital transformation and financial solutions, Huntington stands at the forefront of the banking sector.

Lead with Innovation and Leadership

Huntington National Bank is not just a bank; it's a pivotal platform for innovation and leadership in the financial industry. We offer a unique position in the marketplace that intersects financial services with cutting-edge technology and customer-centric solutions.

Explore Job Opportunities and Employment

Whether you're seeking your first job or you're a seasoned professional looking to transition, Huntington offers a range of employment opportunities. From entry-level positions to executive roles, our job openings cater to a diversity of skills and experiences.

Internship Programs

Kickstart your career with Huntington’s internship programs. These opportunities are designed to give you hands-on experience and insights into the banking sector, enhancing your resume and boosting your employability.

Benefits and Culture

At Huntington, we pride ourselves on a culture that supports diversity, inclusion, and professional development. Our benefits package is comprehensive, supporting not only your career growth but also your personal well-being and financial health.

Join Our Team

Be part of a team that values creativity, problem-solving, and collaboration. Huntington encourages a culture where innovation thrives, and diverse ideas are celebrated.

Networking and Professional Growth

Advance your career with unmatched opportunities for professional growth and networking. Huntington is dedicated to providing ongoing training and leadership programs that empower you to take your career to new heights.

Career Development

Invest in your future with Huntington’s career development programs. From diversity training to leadership workshops, we provide the tools necessary for you to succeed in your professional journey.

Stay Connected

Join the Huntington National Bank team today and discover how your career can prosper in an environment committed to your growth and success.

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Learn more about Huntington National Bank
Size
19,722 employees
Market Cap
$21 billion
Industry
Net Income
$817 million
Founded
1866
5 Year Trend
+11.5%
NASDAQ

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