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CDC Equity Asset Manager in Columbus at Huntington

Date Posted: 9/4/2018

Job Snapshot

Job Description

Huntington Bank is committed to providing capital to assist in the development of affordable housing and the development of neighborhoods and communities where it does business. The Community Development Lending and Investment business primary objective is to help the Bank fulfill that mission.

This position is an important role in managing assets within The Huntington Community Development Corporation's portfolio of Section 42 Low Income Housing tax credit, New Markets tax credit, Historical tax credit projects, loan funds, and other community development investments. The Community Development Equity Asset Manager position is responsible for evaluating and monitoring assigned, complex portfolios for purposes of credit quality, risk management and/or portfolio analysis.

Identifies credit quality issues, potential portfolio risks and/or economic risk. Monitors the portfolio for compliance with corporate and regulatory requirements.

Evaluates and reports on the portfolio performance and forecasts future performance trends.

Informs management of potential credit and/or economic portfolio risk and recommends strategies to minimize the risk.

Maintains all documentation on the assigned portfolio. Responsible for onboarding of new investments with assistance from Senior Underwriter, creating electronic folders on shared drive and uploading all pertinent documentation files to Investment Central, and scheduling and disposition of investments at maturity

Specific daily tasks will include collecting and analyzing investor reporting data from Syndicators, tax returns, audits, and quarterly financial statements, compiling data into asset management reports with quarterly risk grading matrix for Proprietary Fund, Multi-Investor Fund and Direct Investments underlying partnerships utilizing tax credits, and as requested by the Equity Manager. Prepare data and charts for quarterly Portfolio Review and Strategy Committee meetings.

Prepare semi-annual reviews and for Investments on the Emerging Problem Investment list and present the EPI Investments to the EPI Working Group

Prepare annual Syndicator Risk Rating of Huntington's Tax Credit Syndicators

Conduct site visits with the Senior Underwriter during the underwriting of new Proprietary tax credit investments.

Conduct site visits as needed for distressed proprietary investments on the Watch List.

Review and process equity installments (capital calls from Syndicators) and construction draws (as applicable), monitoring of limited partnership agreements to ensure HCDC's investments are maximized and protected.

Periodic updates of tax credit delivery schedules for Tax Department along with annual summary of K-1s received.

Implement proactive strategies to resolve operational, financial and compliance issues; as well as, provide workout and repositioning solutions for distressed assets with operating, compliance and/or partner/developer issues.

Work on special projects and team projects as assigned.

Up to 15% travel required, with some overtime at certain times of the year, mainly in Spring & Fall and 45 days after each semiannual period (June 30 and December 31)

Adheres to bank policies and procedures and complies with legal and regulatory requirements.

Follows, or in some cases establishes, as required, effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.

Keeps abreast of risk-related changes that may impact assigned work functions and processes.

Basic Qualifications:

Bachelor's Degree

Minimum of 1 year of LIHTC Asset Management, Commercial Real Estate Underwriting or Commercial Real Estate Portfolio Management experience

Preferred Qualifications:

1 year LIHTC asset management preferred

LIHTC compliance certification preferred

Commercial credit training preferred

MS Suite proficient (Excel, PP, Outlook, Access)

Excellent verbal and written communication skills

Attention to detail

Ability to work with deadlines

Strong organizational skills

EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Huntington does not accept solicitation from Third Party Recruiters for any position.