Description

Summary:

The CIC Syndications Fund Manager will support closing new Syndicated Tax Credit Funds and the ongoing management of a portfolio of closed Syndicated Tax Credit Funds. Each fund is a limited liability company that is managed by Huntington Community Development Corporation for the benefit of third-party corporate investors who are co-invested with Huntington.

Duties and Responsibilities:

• Assist with potential new Syndicated Tax Credit Funds by preparing benefit schedules, assisting with deal selection, preparing diligence and marketing materials, preparing term sheets, and other related activities.

• Direct interactions with new and existing investors are likely.

• Maintain relationships with third-party investors and support ongoing communication regarding the performance of closed Syndicated Funds.

• Respond to investor requests and proactively reach out to investors regarding fund performance and reporting.

• Maintain the books and records of the closed Syndicated Funds.

• Ensure that the financial statements for the funds are being properly updated and the day-to-day journal entries are maintained.

• Manage the cash activity flowing through the funds.

• Work with Asset Managers to monitor the performance of syndicated LIHTC transactions included in each fund.

• When modifications are requested or necessary for LIHTC transactions, communicate to investors regarding the modification request and seek consent where appropriate.

• Monitor the annual tax returns received from LIHTC transactions to ensure tax benefit delivery to investors consistent with fund projections.

• Work with Asset Managers and outside accountants to address variances in expected performance.

• Prepare and provide annual and quarterly reporting to investors regarding the performance of the funds.

• Annual reporting includes audited financial statements, tax returns, and an updated benefit schedule.

• Quarterly reporting includes property performance information as well as an updated benefit schedule.

• Coordinate with outside accounting firms regarding the preparation of the annual audit and tax return.

• Performs other duties as assigned.

Basic Qualifications:

• Bachelor’s Degree

• 3+ years of prior finance or accounting experience including LIHTC/or HTC

Preferred Qualifications:

• Substantive exposure to LIHTC and/or HTC. Ideal candidate will have strong LIHTC experience. NMTC experience will also be considered.

• 3+ years of portfolio management experience preferred.

• Strong Excel modeling with emphasis on financial analysis.

• 3+ years of tax credit syndication knowledge preferred and knowledge of partnership tax return review.

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

Yes

Workplace Type:

Hybrid

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