RBC Capital Markets, LLC
Associate, Financial Management
RBC Capital Markets, LLC, Charlotte, North Carolina, United States, 28245
Job Description
RBC Capital Markets is the global investment bank 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 affordable housing and historic rehabilitations. The Financial Management Associate will support the Financial Management team in maintaining the integrity of the financial projections throughout the life cycle of investment partnerships syndicated by Community Investments and oversee the financial review process (FR1, FR2, FR3, and FR4). In addition, the role will be responsible for providing financial analysis to both internal and external stakeholders, including acquisitions and asset management teams, development partners and investors. This position requires utilization of strong analytical skills and IRC Partnership and Section 42 knowledge to evaluate projected performance, assess risk and identify variances against expectations. Beyond technical expertise, the position requires strong interpersonal skills as its responsibilities cross many segments of Community Investments.
What is the Opportunity? RBC Capital Markets is the global investment bank arm of the Royal Bank of Canada (RBC). RBC Community Investments is a leading national syndicator of real estate tax credit investments, including affordable housing and historic rehabilitations. The Financial Management Associate will support the Financial Management team in maintaining the integrity of the financial projections throughout the life cycle of investment partnerships syndicated by Community Investments.
What will you do?
Financial projection management:
Compliance with IRS code
Agreement with letter of intent and legal partnership agreement detailing the investment
Support of assumptions to available 3rd party verification and industry standards
Accuracy and completeness
Prepare internal financial analysis memo for IPAC signoff
Quarterly updates to financial projections for closed investments prior to syndication (FR3) through coordination with construction risk management ("CRM") and other Community Investments staff:
Analysis of investment sources and uses
Analysis of investment performance compared to lower tier closing and impacts on internal rate of return
Communication of deal risks, including tax implications, not contemplated at lower tier closing
Oversee financial projection updates during tax credit compliance period (FR4):
Assist Development Equity Management and Fund Management peers during cost certification review, permanent loan conversion benchmarks, or other financial or tax benchmarks for capital calls
Recast financial projections upon Stabilization
In conjunction with Stabilized Asset Management and Financial Management peers, evaluate special partner requests including, but not limited to, refinancing, loan modification, capital stack changes, rental structure changes, etc. and their impact on property and fund level benchmarks
Become team wide resource for financial projection assistance and independent review
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 Bachelors of Business Administration with emphasis in Accounting, Finance or Tax, and a minimum of three years in a relevant LIHTC financial role (audit, tax, consulting, underwriting). Key required skills include real estate finance, knowledge of partnership taxation and extensive financial analysis.
Candidate must possess excellent verbal and written communication skills, strong organizational and interpersonal skills, and proficiency in MS-Outlook and MS-Office applications.
Preferred candidates will have CPA status, an understanding of IRS Section 42 (LIHTC) program and experience with tax credit structuring.
Authority to provide IPAC signoff as it relates to financial integrity and correlation to the executed partnership agreement for lower tier investments in LIHTC partnerships. In doing so, escalation of potential risks/ issues to management and business unit leadership is required.
Position has responsibility for recommendations on mitigating potential tax and financial risks inherent in LIHTC transactions.
Position has indirect fiduciary responsibility to investor clients to comply with IRS Section 42 regulations.
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
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:
6805 CARNEGIE BOULEVARD, # 100: CHARLOTTE
City:
Charlotte
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-29
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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.
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What is the Opportunity? RBC Capital Markets is the global investment bank arm of the Royal Bank of Canada (RBC). RBC Community Investments is a leading national syndicator of real estate tax credit investments, including affordable housing and historic rehabilitations. The Financial Management Associate will support the Financial Management team in maintaining the integrity of the financial projections throughout the life cycle of investment partnerships syndicated by Community Investments.
What will you do?
Financial projection management:
Compliance with IRS code
Agreement with letter of intent and legal partnership agreement detailing the investment
Support of assumptions to available 3rd party verification and industry standards
Accuracy and completeness
Prepare internal financial analysis memo for IPAC signoff
Quarterly updates to financial projections for closed investments prior to syndication (FR3) through coordination with construction risk management ("CRM") and other Community Investments staff:
Analysis of investment sources and uses
Analysis of investment performance compared to lower tier closing and impacts on internal rate of return
Communication of deal risks, including tax implications, not contemplated at lower tier closing
Oversee financial projection updates during tax credit compliance period (FR4):
Assist Development Equity Management and Fund Management peers during cost certification review, permanent loan conversion benchmarks, or other financial or tax benchmarks for capital calls
Recast financial projections upon Stabilization
In conjunction with Stabilized Asset Management and Financial Management peers, evaluate special partner requests including, but not limited to, refinancing, loan modification, capital stack changes, rental structure changes, etc. and their impact on property and fund level benchmarks
Become team wide resource for financial projection assistance and independent review
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 Bachelors of Business Administration with emphasis in Accounting, Finance or Tax, and a minimum of three years in a relevant LIHTC financial role (audit, tax, consulting, underwriting). Key required skills include real estate finance, knowledge of partnership taxation and extensive financial analysis.
Candidate must possess excellent verbal and written communication skills, strong organizational and interpersonal skills, and proficiency in MS-Outlook and MS-Office applications.
Preferred candidates will have CPA status, an understanding of IRS Section 42 (LIHTC) program and experience with tax credit structuring.
Authority to provide IPAC signoff as it relates to financial integrity and correlation to the executed partnership agreement for lower tier investments in LIHTC partnerships. In doing so, escalation of potential risks/ issues to management and business unit leadership is required.
Position has responsibility for recommendations on mitigating potential tax and financial risks inherent in LIHTC transactions.
Position has indirect fiduciary responsibility to investor clients to comply with IRS Section 42 regulations.
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
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:
6805 CARNEGIE BOULEVARD, # 100: CHARLOTTE
City:
Charlotte
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-29
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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.
#J-18808-Ljbffr