Hybrid CIC Project Manager II

at Huntington National Bank

• Job title: CIC Project Manager II
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $70,000 - $140,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, St Louis, United States

About the role

• CIC Project Manager leading tax credit equity and debt underwriting for affordable housing projects. Responsible for coordinating efforts with internal and external stakeholders and managing relationships.

Responsibilities

• Lead underwriting and closing for debt facilities and equity investments
• Coordinating successful, timely closings with all internal and external groups (e.g., closers, loan administrators, RETS, third-party reports, counsel, other lenders, etc.)
• Ensure proposed tax credit financed project complies with all tax provisions required to maximize investment value
• Work with counsel to negotiate partnership agreement terms that protect the Banks’ ownership interest in LIHTC investments
• Acting as primary contact with the developer during the underwriting and closing process
• Financial modeling of tax benefits and capital account analysis, sources and uses, capital stack, development budget, operating budget pro forma, cash flow, benefit schedule, and other relevant analyses
• Intermediate proficiency in understanding and identifying associated risks (especially those particular to tax credit developments and IRC Section 42)
• Drafting and presenting comprehensive memoranda summarizing the transaction
• Assisting in continuous improvement and development of various CIC infrastructure projects
• Collaborating with other CIC colleagues to create Best in Class project management, underwriting, closing, and asset management platform
• Acting as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues
• Training junior employees and analysts
• 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

Requirements

• Bachelor’s degree from accredited university
• Finance, accounting, or business degree
• 6+ years of LIHTC experience
• 4+ 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
• Intermediate proficiency in excel modeling of debt and equity investments
• Intermediate knowledge of limited partnership agreements and loan documents with focus on guarantees and security
• Intermediate understanding of analyzing sponsor financial statements, real estate owned schedules, contingent liabilities, organizational structures, and business plans
• Strong presentation skills to Credit and other internal stakeholders
• Embrace Huntington’s values of Can-Do Attitude, Forward Thinking, and Service Heart
• Focus on Action
• 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

Benefits

• health insurance coverage
• wellness program
• life and disability insurance
• retirement savings plan
• paid leave programs
• paid holidays
• paid time off (PTO)