Description

Summary:
The Community Impact Capital (CIC) Asset Manager II works with internal parties including accounting, tax, credit, and policy to ensure performance of portfolio.

Duties and Responsibilities:

Analysis and management of the Section 42 Low Income Housing Tax Credit (LIHTC) portfolio including Multi-funds, Proprietary-funds, and alternative investments. Identifies portfolio issues and potential risks/economic risks, monitors compliance for regulatory requirements. Evaluates and reports on portfolio performance and recommends strategies to elevate risks. Responsible for on-boarding new investments into the asset management system/system of record and managing asset through construction, compliance, and disposition. Drives syndicators to be proactive and implement strategies to resolve operational, financial, and compliance issues watchlist properties.Conducts site visits as needed on distressed assets. Reviews and processes equity draws and asset management requests to ensure benchmarks in the Limited Partnership Agreements are being meant. Works with underwriting team to conduct annual syndicator scoring. Perform other duties as assigned.

Basic Qualifications:

Bachelor's Degree5+ years related LIHTC experience

Preferred Qualifications:

Experience in LIHTC (Low Income Housing Tax Credit), Section 42 Compliance, non-profit housing/affordable housing industry

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

Yes

Applications Accepted Through:

02/17/2025

Huntington expects to accept applications through at least the date above, and may continue to accept applications until the position is filled.

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.

Compensation Range:

$70,000.00 - 105,000.00 - 140,000.00 Annual Salary

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.  Colleagues in this position are also eligible to participate in an applicable incentive compensation plan.  In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO). 

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