Remote Bank Jobs in Rochester, MI (NOW HIRING)

PLEASE NOTE: Preferred locations are St. Louis, Columbus, or Detroit but also open to remote work.

The Director of Asset Management will oversee a team of asset managers responsible for a portfolio of tax credit investments and community development loans. Director must have prior experience closing or managing various tax credit investments with a high level of focus on LIHTC. The ideal candidate will also have prior experience managing LIHTC loan portfolios. 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.

The Director will report to the Director of Tax Credit Lending and Investments and will be accountable for:

• Managing a team of asset managers responsible for overseeing both direct and fund investments and loans, coordinating reporting needs, equity fundings, loan maintenance, site visits, consents, and ongoing coordination with all internal groups (e.g., loan administrators, credit, etc.); Hiring employees and ensuring appropriate training and organizational growth and development opportunities;
• 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 objectives;
• Working directly with the Director of Syndications to ensure timely analysis and reporting required to assemble, service, and manage funds syndicated to third party investors;
• Acting as part of leadership team in building various CIC 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. Identifying and executing on opportunities to maximize portfolio value through forward looking management of capital accounts, exit strategies, and syndication opportunities;
• Ensuring efficiency and accuracy of reporting outputs, including but not limited to tax credit delivery and capital adjuster calculations, data aggregation and compilation, forecasting, and benefit delivery;

Basic Qualifications:

• Bachelor's degree from accredited university or equivalent experience. Finance, accounting, or business degree preferred.
• 10+ years of Tax Credit investment experience with focus on asset management preferred.

Preferred Qualifications:

• Advanced degree or certification (e.g., JD, MBA, CPA, CFA, etc.) or equivalent experience;
• Strong experience with LIHTC, and reasonable exposure to HTC and NMTC preferred. Relevant real estate experience with focus on asset management.
• Prior experience working of a national tax credit syndicator is a plus.
• Understanding of bank's credit profile, credit policies, and risk management objectives.
• Advanced understanding of Tax Credit investments and associated legal/regulatory environment, limited partnership agreements and loan documents with focus on guarantees and security.
• Strong analytical and problem-solving skills 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.

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

Workplace Type:

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.

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.