Huntington National Bank · 2 hours ago
Community Impact Capital Asset Manager II (LIHTC)
Columbus, OH
Full-time
Onsite
Mid, Senior Level
$70K/yr - $140K/yr
5+ years expHuntington National Bank is seeking a Community Impact Capital Tax Credit Asset Manager II to manage a portfolio of closed debt and equity investments. The role involves analyzing asset performance, ensuring compliance with tax credit provisions, and maintaining investor relationships while providing oversight to less experienced Asset Managers.
Asset ManagementFinanceFinancial Services
Responsibilities
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
Qualification
Required
Bachelor's degree from accredited university
5+ years of Low Income Housing Tax Credit (LIHTC) investment experience with focus on asset management preferred
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
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
Complete, in a timely manner, required monthly, quarterly and annual reporting activities including; monthly and quarterly operating performance and asset quality index reviews
Evaluate proposed annual budgets for trends in income, expenses, cash flow and debt service coverage
Perform periodic property site inspections and identify potential issues
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
Preferred
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
Benefits
Health insurance coverage
Wellness program
Life and disability insurance
Retirement savings plan
Paid leave programs
Paid holidays
Paid time off (PTO)
Company
Huntington National Bank
Huntington National Bank offers consumer, small business, and commercial banking, mortgages, wealth, and insurance services. It is a sub-organization of Huntington Distribution Finance.
10001+ employees
H1B Sponsorship
Huntington National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (120)
2024 (118)
2023 (84)
2022 (114)
2021 (67)
2020 (48)
Funding
Current Stage
Public CompanyTotal Funding
$1.75B2024-11-18Post Ipo Debt· $1.75B
1978-01-13IPO
Leadership Team
Donnell White
Senior Vice President - Chief Inclusion Officer
Dontae Noel
Emerging Payments & Platforms Strategy
Recent News
2026-01-09
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