What are the responsibilities and job description for the CIC Business Development Officer I position at Huntington National Bank?
Description
Summary:
The CDLI Business Development Officer I works with Business Development Officers on originating and underwriting equity and debt for LIHTC investments and loans. This position reports to the Director of Business Development.
Duties And Responsibilities
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.
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basi
Summary:
The CDLI Business Development Officer I works with Business Development Officers on originating and underwriting equity and debt for LIHTC investments and loans. This position reports to the Director of Business Development.
Duties And Responsibilities
- Assist Business Development Officers (BDO) with originating LIHTC equity and construction and permanent debt at the lower tier.
- Assist BDOs with origination of construction and permanent debt via CDLI’s investments in multi and proprietary funds.
- 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.
- Acting as a contact with the developer during the underwriting and closing process with an emphasis on building relationship.
- Responsible for the underwriting of sponsors, including analyzing financial statements, real estate owned schedules, entity structures and business plans along with the related processes and procedures.
- Responsible for underwriting direct investments and coordinating successful closings with all internal groups (e.g. closers, loan administrators, RETS, etc.), as needed.
- Act as contact with developer during the underwriting and closing process, as needed.
- Collaborating with other CDLI colleagues to create Best in Class business development, project management, underwriting, closing, and asset management platform.
- Acting as a point of contact with Credit in investments and loans via regular and substantive updates to key issues.
- 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.
- Being a point of contact for legal and accounting professionals.
- Financial modeling to include revenue, expenses, debt structures, market comparable and other relevant analyses.
- Perform other duties as assigned.
- Bachelor’s Degree
- 3 - 5 years of LIHTC experience including technical knowledge of the LIHTC program
- Bachelor's degree in finance, accounting, or business
- Technical knowledge of the LIHTC program
- Familiarity with other tax credit programs such as State and Historic Tax Credits and debt products
- Basic proficiency in excel modeling of debt and equity investments
- Basic knowledge of limited partnership agreements and loan documents with focus on guarantees and security
- Basic understanding of analyzing sponsor financial statements, real estate owned schedules, organizational structures, and business plans
- Some tax credit syndications knowledge
- Strong presentation skills to Credit and other internal stakeholders
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.
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basi
