Description The Community Impact Capital (CIC) Tax Credit Asset Manager II will manage a portfolio of closed debt and equity investments. The Asset Manager will analyze and timely report on asset performance, recommend timely action on customer requests, and ensure timely assessment and reporting of asset quality indices to Management and Credit. The Asset Manager will report to the Director of Community Impact Capital Asset Management, or an Asset Management Team Leader. The CIC Asset Manager II will be responsible for the following, can work independently, and may provide some supervisory services for less experienced Asset Managers: · Ensure/monitor equity investment value and loan risk factors through the timely receipt and reporting of current and relevant information by developing and maintaining relationships with General Partners/developers, management agents, lenders, contractors, accountants, third-party consultants, and others. Structure appropriate action plans, obtain investor and/or credit approval, and ensure their correct implementation to preserve investor value, reduce risk of loan loss, and maintain compliance with current tax law and other affordable housing regulatory requirements. · Assess project and partnership compliance with Low Income Housing Tax Credit and Historic Tax Credit provisions, terms of partnership agreement, loan documents, operational benchmarks, and financial covenants. Provide identification and reporting of risk factors which could result in non-compliance. · Complete, in a timely manner, required monthly, quarterly and annual reporting activities including; monthly and quarterly operating performance and asset quality index reviews. Manage collection of priority returns and asset management fees. Review, analyze, and report on required financial statements and tax returns including a comparison to original cash flow and debt service coverage projections. Ensure expected tax benefits are properly claimed on partnership tax returns through timely review and comment. Annually confirm engagement of CPA firms and track progress of deliverables. · Evaluate proposed annual budgets for trends in income, expenses, cash flow and debt service coverage. Review annual property operating budgets for performance in comparison to original projections and make inquiries as necessary. Monitor and analyze construction and lease-up progress to project tax benefit delivery and update rates of return to the bank or investors. Review monthly construction draws, change orders, architect and inspector reports, construction schedules, leasing and traffic reports. Identify and report issues potentially impacting the project’s risk profile or investment return, including timing and amount of tax credit and tax loss benefits, ability to achieve stabilization, permanent loan conversion, and equity/grant/sub-debt pay-ins. Review capital calls from developer/GPs. Ensure required performance benchmarks are achieved and the requisite documentation is provided (in accordance with partnership agreement). Calculate annual tax credit amounts from final cost certification/8609s, and calculate first year tax credit delivery from actual lease-up figures. Prepare final upward or downward capital adjustments pursuant to the terms of the partnership agreement. · Perform periodic property site inspections and identify potential issues. Maintain familiarity with regional and local economic and demographic trends within portfolio markets. Provide site visit reports and follow-up on findings. Evaluate physical condition of assets and determine future capital needs. Important Traits, Characteristics and Skills Embrace Huntington’s values of Can-Do Attitude, Forward Thinking, and Service Heart · Focus on Action · A developed and focused growth mindset with the ability to pivot and be nimble in a growing division · Knowledge of financial, accounting and/or technology systems · Ability to work under tight deadlines and under pressure · Ability to identify problems and recommend appropriate solutions · Strong presentation skills · Natural intellectual curiosity to assist in growing products and services Basic Qualifications: · Bachelor’s degree from accredited university or equivalent experience. Finance, accounting, or business degree preferred. · 5+ years of Low Income Housing Tax Credit (LIHTC) investment experience with focus on asset management preferred. Preferred Qualifications · Basic understanding of Low Income Housing Tax Credit (LIHTC) investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security. · Prior experience working of a national tax credit syndicator is a plus. · Strong analytical and problem-solving skills commensurate with experience, with careful attention to detail; · Demonstrated experience forming and presenting data driven conclusions to Credit Administration and other internal stakeholders; · Proven track record of working successfully with clients, team members and management; · Strong time management and organizational skills. · High level of emotional intelligence in a division undergoing change; · Advanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experience; · Reasonable exposure to HTC and NMTC preferred. Relevant real estate experience with focus on asset management. · Understanding of bank’s credit profile, credit policies, and risk management objectives commensurate with experience Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay) Yes Applications Accepted Through: 03/24/2025 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