Job SummaryWhat 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 investme

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.

Job SkillsAdaptability, 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

Country:United States of America

Work hours/week:40

Employment Type:Full time

Platform:CAPITAL MARKETS

Job Type:Regular

Pay Type:Salaried

Posted Date:2024-09-10

Application Deadline:2024-10-15

Inclusion 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 eed any accommodations during the recruitment process.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.