Hybrid Community Impact Capital Asset Manager II – LIHTC

at Huntington National Bank

• Job title: Community Impact Capital Asset Manager II – LIHTC
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $70,000 - $140,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, St Louis, United States

About the role

• Manage a portfolio of Low Income Housing Tax Credit investments ensuring compliance and financial performance. Report directly to the Director of Asset Management overseeing multiple projects across the US.

Responsibilities

• manage a portfolio of closed debt and equity investments.
• analyze and timely report on asset performance, recommend timely action on customer requests, and ensure timely assessment and reporting of asset quality indices to Management and Credit.
• report to the Director of Community Impact Capital Asset Management, or an Asset Management Team Leader.
• ensure/monitor equity investment value and loan risk factors through the timely receipt and reporting of current and relevant information by developing and maintaining relationships with General Partners/developers, management agents, lenders, contractors, accountants, third-party consultants, and others.
• structure appropriate action plans, obtain investor and/or credit approval, and ensure their correct implementation to preserve investor value, reduce risk of loan loss, and maintain compliance with current tax law and other affordable housing regulatory requirements.
• assess project and partnership compliance with Low Income Housing Tax Credit and Historic Tax Credit provisions, terms of partnership agreement, loan documents, operational benchmarks, and financial covenants.
• provide identification and reporting of risk factors which could result in non-compliance.

Requirements

• Bachelor’s degree from accredited university.
• 8+ years of Low Income Housing Tax Credit (LIHTC) investment experience with focus on asset management preferred.
• Basic understanding of Low Income Housing Tax Credit (LIHTC) investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security.
• Prior experience working of a national tax credit syndicator is a plus.
• Strong analytical and problem-solving skills commensurate with experience, 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;
• Reasonable exposure to HTC and NMTC preferred.
• Relevant real estate experience with focus on asset management.
• Understanding of bank’s credit profile, credit policies, and risk management objectives commensurate with experience

Benefits

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