Investment Analyst

Job Description

What is the opportunity?

RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). RBC Community Investments (www.rbccm.com/communityinvestments) is a leading national syndicator of real estate tax credit investments, including State and Federal Low Income Housing Tax Credits (LIHTCs), and Historic Rehabilitation Tax Credits (HRTCs). The Real Estate Investment Analyst will support the pricing and deal closing teams. On the closing side, this position works directly with Investment Managers to prepare Investment Summaries, analyze rents and expenses and review all related underwriting materials. On the pricing team, this position works directly with Originators and Senior Associates to model and price deals and prepare Letters of Intent.

What will you do?

• Financial modeling, structuring and underwriting of multifamily real estate transactions with tax credits.
• Work with the Pricing Group on initial modeling, including initial deal screening with thoughtful and thorough review and analysis of proposed investment opportunities, and structuring and market analysis.
• Prepare and review materials for Issuance meeting, including sensitivities, and provide support to Originators during the meeting with regards to underwriting and financial modeling.
• Assist Originators and Investment Associates during pricing guidance process in preparation for Letter of Intent (“LOI”) or Request For Proposal (“RFP”) and provide input on deal metrics and pricing sensitivities.
• Prepare LOI or RFP based on financial model and pricing guidance for review by internal staff.
• Structure transactions to RBC standards and proactively identify and mitigate risks up-front with oversight from VP-Financial Analysis and Director-Underwriting.
• Perform detailed analysis on all underwriting elements of a transaction, including but not limited to, the following: Market Analysis, Expense Comp Analysis, and Modeling Sensitivity Analysis.
• Support Investment Managers with site analysis and partnership negotiations.
• Prepare and review of Investment Summary and all other materials needed for Investment Committee, including the following:
  • Identification and Disclosure of all Investment Highlights and Risks,
  • Market Study Analysis,
  • RBC Underwriting Guidelines and Exceptions documentation,
  • Financing Terms and Guarantees.
• Responsibility for preparation and presentation of rent and expense underwriting meeting materials and follow up on outstanding questions.
• In conjunction with diligence staff, prepare and submit all documentation required to ensure timely and efficient closing and funding at the lower tier.
• Review of 3rd party reports and loan documents.

What do you need to succeed?

Must have

• Candidate must possess a Bachelor’s Degree, preferably in Finance, Accounting, or Real Estate/Urban Planning.
• A strong interest in real estate investment and/or affordable housing, and excellent quantitative and analytical skills are essential.
• Proficiency in MS-Office applications is required.

Nice to Have

• Previous experience in real estate underwriting activities and financial modeling, affordable housing, or tax credit syndication.

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
• 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

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JOB SUMMARY
City: Charlotte
Address: 6805 Morrison Blvd
Work Hours/Week: 40
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Required Travel (%): 0-25
Exempt/Non-Exempt: Exempt
People Manager: No
Application Deadline: 05/29/2020
Platform: Capital Markets
Req ID: 234218
Ad Code(s):