Analyst, Pre-Stabilized Asset Management - LIHTC

Job Summary

What is the opportunity?

RBC Capital Markets RBC Community Investments (www.rbccm.com / communityinvestments), part of the Royal Bank of Canada (RBC) firm, is a leading national syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), and New Markets Tax Credits (NMTCs).

The Pre-Stabilized Asset Management Analyst is primarily responsible for maintaining a portfolio of real estate assets invested through the Section 42 (LIHTC) affordable housing program and / or the historic tax credit program to ensure the continuous delivery of tax credit benefits and passive losses.

In addition, they will support the Stabilized Asset Management ( SAM ) team’s proactive oversight of property operations from lease-up through permanent loan conversion resulting in maximized investment return and minimized investment risk

Job Description

What will you do?

• Collect, analyze and manage financial and leasing performance data on a monthly, quarterly, or annual basis.
• Assess partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions, terms of partnership agreement and other partnership related documents.
• Participate in property transition meetings between the asset management work groups as specific benchmarks are achieved.
• Communicate regularly with assigned SAM and the VP of AM Operations regarding monthly lease-up progress and achievement of 100% qualified occupancy.
• Assist SAM in the preparation of the DCR Report & Loan Sizing Analysis.
• Assist SAM with calculating first year credit delivery from actual lease-up figures and annual tax credit amounts from final cost certification and 8609s.
• Collection and entry of required database information, including, but not limited to : initial rental rates, updating Loan info, Event Dates, property Status, appropriate memo and risk ratings analysis.
• Support the Stabilized Asset Management team on any other duties as may be required.

What do you need to succeed?

Must-have

• Bachelor’s degree from an accredited university in Finance, Economics, or General Business.
• Three or more years of office experience
• Proficiency in data entry into industry software, MS-Outlook and MS-Office applications, specifically PowerPoint and Excel, along with excellent verbal, written, and interpersonal communication skills are essential.

Nice-to-have

• Ability to understand and analyze a Budget, Balance Sheet and Income Statement.
• Three years hands-on experience in the leasing and / or successful lease-up of LIHTC multi-family real estate developments.

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.

We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients
• The good-faith expected salary range for the above position is $60,000 - $80,000 depending on factors including but not limited to the candidate’s experience, skills, registration status;
• market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions;

health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that :

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address :

1801 CALIFORNIA STREET : DENVER

City : Denver

Denver

Country :

United States of America

Work hours / week : Employment Type :

Employment Type : Full time

Full time

Platform : CAPITAL MARKETS

CAPITAL MARKETS

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-09-10

2024-09-10

Application Deadline :

2024-12-01

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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