Easter Seals Jobs

Description

Summary:

The Community Impact Capital (CIC) Syndication Project Manager will work with third-party investors to close Syndicated Tax Credit Funds. Each fund is a limited liability company that is managed by Huntington Bank for the benefit of third-party corporate investors who are co-invested with Huntington. The Syndication Project Manager will serve as the primary contact for investors after the investor has agreed on a letter of intent or similar commitment to close a new Syndicated Fund. The Syndication Project Manager will provide due diligence to investors regarding the properties in each fund, work with outside counsel to negotiate the final legal document, and work with outside accountants to finalize the syndicated fund benefit schedule.

Duties and Responsibilities:

• Negotiate the final operating agreement with investors to control the operations and financial performance of each syndicated fund based on the terms outlined during the commitment phase. Work with outside counsel and internal colleagues to finalize legal document.

• Provide due diligence materials to third-party investors related to each property included in the syndicated fund. Respond timely to investor questions related to diligence and coordinate with Huntington colleagues to provide answers.

• Work with outside accountants to prepare and approve the final benefit schedule used to reflect the expected syndicated fund tax benefits flowing to the investor. Prepare internal Excel workbooks reflecting the benefit schedule and update as appropriate facts related to each property change.

• Seek and obtain final credit approval for each syndicated fund closing by drafting an approval memo summarizing each syndicated fund and submitting for credit review.

• In addition, the Syndication Project Manager will support the Syndications team more broadly through additional special assignments that could include building relationships with investors, supporting investor reporting, assisting with technology and process improvements, supporting annual tax return collection and review.

Basic Qualifications:

Bachelor’s degree from accredited university or experience.

3+ years prior experience in LIHTC underwriting or syndication

Preferred Qualifications:

Juris Doctor, Master of Business Administration, CPA or similar post graduate work;

8+ years substantive exposure to LIHTC. Ideal candidate will have strong LIHTC experience;

5+ years structuring and negotiating legal documents;

Strong Excel modeling with emphasis on financial analysis;

Deep understanding of limited partnership agreements and loan documents with focus on guarantees and security;

5+ years of tax credit syndications knowledge preferred

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

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.

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