Huntington National Bank

New Market Tax Credit Director of Asset Management

Huntington National Bank • $125K — $150K *
Pittsburgh, PA 15237In-Person
Finance & Insurance
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited university
  • 10+ years of experience in Tax Credit investments, specifically NMTC and asset management
  • Advanced understanding of the legal/regulatory environment for Tax Credit investments
  • Strong analytical and problem-solving skills
  • Demonstrated ability to present data-driven conclusions to stakeholders
  • Proven ability to work successfully with clients and team members
  • Experience with NMTC and other tax credits, ideally in a real estate context

Responsibilities

  • Oversee a team of asset managers managing a portfolio of NMTC investments
  • Coordinate reporting needs and maintain loan and site visit schedules
  • Hire and train employees within the asset management team
  • Develop, implement, and maintain compliance procedures for monitoring NMTC investments
  • Identify opportunities to maximize portfolio value and strategize exit plans
  • Represent the bank at industry events and participate in policy discussions
  • Perform property inspections to assess the impact of community projects

Benefits

  • Flexible work arrangement options incorporating both in-office and remote elements
  • Opportunity for professional development and training in a reputable organization
  • Engagement in meaningful projects that have a community impact
  • Work within a supportive team environment that values innovation
  • Participation in leadership discussions and ability to influence NMTC program development
Full Job Description
Description

The NMTC Director of Asset Management will oversee a team of asset managers responsible for a portfolio of NMTC investments and the administration of Huntington's Community Development Entity. Director must have prior experience closing or managing various tax credit investments with a high level of focus on NMTC. The Director will play an important role in managing internal and external relationships through directing an appropriate balance between customer requests and risk management. The Director will have primary responsibility for ensuring the team executes on all appropriate portfolio risk management processes and will be expected to manage his or her own portfolio of investment assets.

The Director will report to the Director of New Markets Tax Credits and Investments and will be responsible for:
  • Managing a team of asset managers responsible for overseeing both direct and fund investments, coordinating reporting needs, equity fundings, QLICI loan maintenance, site visits, consents, and ongoing coordination with all internal groups (e.g., loan administrators, credit, etc.)
  • Hiring employees and ensure appropriate training;
  • Maintaining essential knowledge of the current state of law/regulation across the tax credit industry
  • Reviewing, approving, and elevating (as appropriate) action plans to mitigate portfolio risks in a manner consistent with industry standards and business line objectives
  • Working directly with the Director of Syndications to ensure timely analysis and reporting required to assemble, service, and manage funds syndicated to third party investors
  • Acting as part of NMTC leadership team in building various CIC and NMTC Division infrastructure projects, including specific processes and procedures for the Asset Management team; Ensuring design and execution of processes and procedures to accurately identify, explain, and minimize portfolio risk
  • Identify and execute on opportunities to maximize portfolio value through forward looking management of items such as capital accounts, exit strategies, syndication opportunities
  • Administration of Huntington's Community Development Entity (CDE), including development, implementation and maintenance of operating procedures and reporting systems to monitor and manage compliance with NMTC Allocation Agreements and with transaction-specific obligations
  • Ensuring efficiency and accuracy of reporting outputs, including but not limited to tax credit delivery, investment risk ratings, CDE compliance reporting, data aggregation and compilation, forecasting, and benefit delivery
  • Monitoring and reporting on a portfolio of equity investments and loans on projects utilizing NMTCs to ensure ongoing compliance;
  • Work with CDEs to capture necessary data points on the investment portfolio
  • Ensure NMTC program compliance requirements with CDEs are maintained, while proactively resolving any challenges
  • Perform in-person property inspections to assess the community impacts of projects within the portfolio
  • Works closely with the NMTC Originations and Project Management/Underwriting teams
  • Coordinate with internal stakeholders to facilitate the unwind of NMTC investments at the end of the compliance period
  • Review annual tax returns for NMTC investments
  • 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
  • Encourage Huntington's values of Can-Do Attitude, Forward Thinking and Service Heart


Basic Qualifications
  • Bachelor's degree from accredited university
  • 10+ years of Tax Credit investment experience with focus on NMTC with asset management


Preferred Qualifications
  • Advanced understanding of Tax Credit investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security
  • Strong analytical and problem-solving skills with careful attention to detail
  • Demonstrated experience forming and presenting data driven conclusions to Credit Administration and other internal stakeholders;
  • Proven track record of working successfully with clients, team members and management
  • Strong time management and organizational skills
  • High level of emotional intelligence in a division undergoing change
  • Advanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experience
  • Strong experience with NMTC, and reasonable exposure to HTC and NMTC preferred. Relevant real estate experience with focus on asset management
  • Prior experience working for a national tax credit syndicator is a plus
  • Understanding of bank's credit profile, credit policies, and risk management objectives


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.

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.

Search Huntington Jobs

Explore the positions that match your skills and interests. We are continuously hiring and looking for individuals who are passionate, driven, and ready to contribute to our success.

Keep Up to Date

Stay informed with career tips, industry insights, and insider perspectives—all from the people who are part of our Huntington family.

Job Alert Emails

Customize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the exciting and rewarding career opportunities that await at Huntington National Bank. Join us at Huntington National Bank, where your career is our commitment.
Learn more about Huntington National Bank
Size
19,722 employees
Market Cap
$21 billion
Industry
Finance & Insurance
Net Income
$817 million
Founded
1866
5 Year Trend
+11.5%
NASDAQ
HBAN
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Huntington National Bank

More Finance & Insurance Jobs

Find similar New Market Tax Credit Director of Asset Management jobs:

NationwidePittsburgh, PA