New Market Tax Credit Director of Asset Management

DescriptionThe NMTC Director of Asset Management will oversee a team of asset managers responsible for a portfolio of NMTC investments and the administration of Huntington’s Community Development Entity. Director must have prior experience closing or managing various tax credit investments with a high level of focus on NMTC. The Director will play an important role in managing internal and external relationships through directing an appropriate balance between customer requests and risk management. The Director will have primary responsibility for ensuring the team executes on all appropriate portfolio risk management processes and will be expected to manage his or her own portfolio of investment assets.The Director will report to the Director of New Markets Tax Credits and Investments and will be responsible for:Managing a team of asset managers responsible for overseeing both direct and fund investments, coordinating reporting needs, equity fundings, QLICI loan maintenance, site visits, consents, and ongoing coordination with all internal groups (e.g., loan administrators, credit, etc.)Hiring employees and ensure appropriate training;Maintaining essential knowledge of the current state of law/regulation across the tax credit industry Reviewing, approving, and elevating (as appropriate) action plans to mitigate portfolio risks in a manner consistent with industry standards and business line objectivesWorking directly with the Director of Syndications to ensure timely analysis and reporting required to assemble, service, and manage funds syndicated to third party investorsActing as part of NMTC leadership team in building various CIC and NMTC Division infrastructure projects, including specific processes and procedures for the Asset Management team; Ensuring design and execution of processes and procedures to accurately identify, explain, and minimize portfolio risk Identify and execute on opportunities to maximize portfolio value through forward looking management of items such as capital accounts, exit strategies, syndication opportunitiesAdministration of Huntington’s Community Development Entity (CDE), including development, implementation and maintenance of operating procedures and reporting systems to monitor and manage compliance with NMTC Allocation Agreements and with transaction-specific obligationsEnsuring efficiency and accuracy of reporting outputs, including but not limited to tax credit delivery, investment risk ratings, CDE compliance reporting, data aggregation and compilation, forecasting, and benefit deliveryMonitoring and reporting on a portfolio of equity investments and loans on projects utilizing NMTCs to ensure ongoing compliance;Work with CDEs to capture necessary data points on the investment portfolioEnsure NMTC program compliance requirements with CDEs are maintained, while proactively resolving any challengesPerform in-person property inspections to assess the community impacts of projects within the portfolioWorks closely with the NMTC Originations and Project Management/Underwriting teamsCoordinate with internal stakeholders to facilitate the unwind of NMTC investments at the end of the compliance periodReview annual tax returns for NMTC investmentsDemonstrate strong stewardship over Huntington’s financial and community impact interests internally and in the communities where we investRepresent the bank in industry events and participate in industry leading discussions including policyEncourage Huntington’s values of Can-Do Attitude, Forward Thinking and Service HeartBasic QualificationsBachelor’s degree from accredited university10+ years of Tax Credit investment experience with focus on NMTC with asset managementPreferred QualificationsAdvanced understanding of Tax Credit investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and securityStrong analytical and problem-solving skills with careful attention to detailDemonstrated 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 managementStrong time management and organizational skillsHigh level of emotional intelligence in a division undergoing changeAdvanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experienceStrong experience with NMTC, and reasonable exposure to HTC and NMTC preferred. Relevant real estate experience with focus on asset managementPrior experience working for a national tax credit syndicator is a plusUnderstanding of bank’s credit profile, credit policies, and risk management objectivesExempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)YesWorkplace Type:OfficeOur Approach to Office Workplace TypeCertain 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.Huntington is an Equal Opportunity Employer.Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.SummaryLocation: Pittsburgh, PAType: Full time