Address
Form of workJob Summary
Job Description
What is the Opportunity?
RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). The Real Estate analyst/associate position focuses on modeling and underwriting multifamily Real Estate transactions that generate investment tax credits. This position will assist in the pricing of transactions, preparing the financial model, analyzing potential risk and bidding transactions. In addition, the Real Estate analyst/associate will assist in the closing of primarily multifamily investments, preparing sales and underwriting materials and evaluating due diligence. RBC Community Investments (www.rbccm.com/communityinvestments) is a leading national syndicator of Real Estate tax credit investments, including affordable housing and historic rehabilitations.
What will you do?
Financial modeling, structuring and underwriting of multifamily Real Estate transactions with tax credits.
Initial deal screening includes 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.
Prepare investment bids 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 Director-Financial Management and Director-Underwriting.
Perform detailed analysis on all underwriting elements of a transaction during the closing process, including but not limited to, the following: Market Analysis, Expense Comparable Analysis, and Modeling Sensitivities.
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 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.
Proactively identify operational risks/ control deficiencies in the business
Review and comply with Firm Policies applicable to your business activities
Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.
What do you need to succeed?
Candidate must possess a bachelor's degree, preferably in Finance, Accounting, or Real Estate.
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
Preference for previous experience in financial modeling, Real Estate finance, 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, 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
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, Taking Initiative, TeamworkAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
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 need 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.
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.
