CIC Sponsor Underwriting Associate

CIC Sponsor Underwriting Associate

Requirements

• Bachelor’s degree from accredited university.
• 2+ years of LIHTC credit analysis, portfolio management, and/or sponsor underwriting experience.

Responsibilities

• Collaborate directly with all groups within CIC to underwrite and assess creditworthiness of sponsors / guarantors for LIHTC equity investments and debt facilities in compliance with Bank policies and procedures
• Analyze, understand, and effectively communicate sponsor / guarantor business structure as documented in organizational documents, trust documents, and other sources
• Analyze sponsor / guarantor financial statements, tax returns (including K-1s), bank statements, schedules of contingent liabilities, and schedules of real estate owned
• Collaborate with Business Development Officers (BDOs) to conduct character reference checks
• Run and analyze background searches / reports and credit bureau reports.
• Draft and present memoranda summarizing the sponsor underwriting including final recommendations with appropriate discussion of risks and well supported conclusions
• Lead discussions with key employees with sponsors / guarantors (CEO, CFO, etc.) to understand their business, structure, financial information, real estate activities, and future business objectives
• Travel to developers’ offices and conferences
• Work with BDOs to draft initial and ongoing Sponsor Hold Limit analyses memoranda and presentations to Bank committees
• Work with BDOs and Project Managers (PMs) to assist in deal structuring considerations based on the results of the sponsor / guarantor underwriting.
• Demonstrate strong stewardship over Huntington’s financial and community impact interests internally and in the communities where we invest
• Represent the Bank at industry events and participate in industry leading discussions, including policy

Preferred Qualifications

• Finance, accounting, or business degree preferred
• 2+ years of credit analysis or sponsor underwriting experience
• 2+ of LIHTC experience
• Strong understanding of analyzing sponsor financial statements, real estate owned schedules, contingent liabilities, organizational structures, and business plans
• Accounting degree
• Knowledge of the LIHTC program
• Proficiency in Excel
• Beginning knowledge of limited partnership agreements and loan documents with focus on guarantees and security
• Strong presentation skills to Credit and other internal stakeholders