Asset Management Analyst - Charlotte, NC or Denver, CO

Job Description

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 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. While this role is listed for Charlotte, NC, we are also willing to consider candidates in Denver, CO.

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 Perm Loan Sizing Report.
• 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
• 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

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.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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: 12/31/2021
Platform: Capital Markets
Req ID: 398026
Ad Code(s):