RBC Capital Markets, LLC
Associate, Stabilized Asset Manager, RBC Capital Markets, LLC, Minneapolis, MN:
RBC Capital Markets, LLC, Minneapolis, Minnesota, United States, 55400
Overview
Assess project and partnership risk factors concerning compliance with Section 42 of the Low‑Income Housing Tax Credit (LIHTC) provisions, partnership agreements, loan documents, Land Use Restriction Agreements (LURAs), Qualified Allocation Plans (QAPs), and tax credit applications.
Calculate the annual tax credit amount based on final cost certification and Form 8609s and determine the first‑year credit delivery using actual lease‑up figures. Manage equity disbursement for the assigned portfolio and provide project oversight by analyzing performance data on a monthly, quarterly, or annual basis.
Conduct detailed workout analyses to prepare asset‑specific Risk Management Plans and Loss Mitigation Plans for higher risk‑rated assets, communicate relative risks, and develop appropriate mitigation plans. Recommend strategies to resolve financial, real‑estate/LIHTC compliance, and ownership issues related to assets.
Complete annual property inspections or conduct them more frequently as needed, expedite receipt of financial and operational information from lower‑tier partnerships on a monthly, quarterly, and annual basis, and initiate communication with General Partners to ensure timely submission of tax returns and audits.
Review the annual operating budget for each property within the assigned portfolio, communicate issues that may place a project at risk to the appropriate leadership in Asset Management, develop an action plan to mitigate risks, and protect the investment. Assist with the disposition of assets at the end of the affordable housing tax credit period or during other dissolution events. Participate in team initiatives and maintain a thorough and up‑to‑date record of property activity and document management in the database.
Responsibilities
Analyze project and partnership risk factors, ensuring compliance with Section 42 of the LIHTC provisions and related tax credits.
Calculate annual tax credit amounts, determine first‑year credit delivery, and manage equity disbursement for the portfolio.
Prepare and present comprehensive performance reports to investors on a monthly, quarterly, and annual basis.
Conduct workout analyses and develop Risk Management Plans and Loss Mitigation Plans for higher risk‑rated assets.
Complete annual property inspections and coordinate inspections for a minimum of 50 properties, focusing on identifying and mitigating physical and operational risks.
Coordinate compliance, audits, and tax returns with General Partners and partner entities.
Assist with asset disposition at the end of the LIHTC period or other dissolution events.
Participate in team initiatives and maintain accurate property activity records.
Qualifications
Bachelor's degree or foreign equivalent in Business, Finance, Real Estate, Accounting, or a related field.
At least 5 years of progressive, post‑baccalaureate experience in real estate, accounting, finance, or property management.
Minimum 5 years of experience performing detailed financial analyses, including calculating tax credits and preparing financial reports for a portfolio exceeding $450 million.
At least 2 years of experience preparing and presenting comprehensive performance reports to investors specifically within the LIHTC or affordable housing sectors.
At least 2 years of experience overseeing compliance with LIHTC Section 42, partnership agreements, loan documents, LURAs, QAPs, and tax credit applications, with a proven record handling at least 50 tax credit projects.
Domestic travel required up to 40%.
Compensation and Benefits Full‑time position, $136,469 per year, 40‑hour work week, Monday–Friday. 401(k) program with company‑matching contributions; health, dental, vision, life and disability insurance; paid time‑off plan; discretionary bonus potential.
Telecommuting 100% telecommuting permitted; candidate may reside anywhere in the U.S.
Equal Opportunity Employment RBC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, veteran status, or disability status.
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Calculate the annual tax credit amount based on final cost certification and Form 8609s and determine the first‑year credit delivery using actual lease‑up figures. Manage equity disbursement for the assigned portfolio and provide project oversight by analyzing performance data on a monthly, quarterly, or annual basis.
Conduct detailed workout analyses to prepare asset‑specific Risk Management Plans and Loss Mitigation Plans for higher risk‑rated assets, communicate relative risks, and develop appropriate mitigation plans. Recommend strategies to resolve financial, real‑estate/LIHTC compliance, and ownership issues related to assets.
Complete annual property inspections or conduct them more frequently as needed, expedite receipt of financial and operational information from lower‑tier partnerships on a monthly, quarterly, and annual basis, and initiate communication with General Partners to ensure timely submission of tax returns and audits.
Review the annual operating budget for each property within the assigned portfolio, communicate issues that may place a project at risk to the appropriate leadership in Asset Management, develop an action plan to mitigate risks, and protect the investment. Assist with the disposition of assets at the end of the affordable housing tax credit period or during other dissolution events. Participate in team initiatives and maintain a thorough and up‑to‑date record of property activity and document management in the database.
Responsibilities
Analyze project and partnership risk factors, ensuring compliance with Section 42 of the LIHTC provisions and related tax credits.
Calculate annual tax credit amounts, determine first‑year credit delivery, and manage equity disbursement for the portfolio.
Prepare and present comprehensive performance reports to investors on a monthly, quarterly, and annual basis.
Conduct workout analyses and develop Risk Management Plans and Loss Mitigation Plans for higher risk‑rated assets.
Complete annual property inspections and coordinate inspections for a minimum of 50 properties, focusing on identifying and mitigating physical and operational risks.
Coordinate compliance, audits, and tax returns with General Partners and partner entities.
Assist with asset disposition at the end of the LIHTC period or other dissolution events.
Participate in team initiatives and maintain accurate property activity records.
Qualifications
Bachelor's degree or foreign equivalent in Business, Finance, Real Estate, Accounting, or a related field.
At least 5 years of progressive, post‑baccalaureate experience in real estate, accounting, finance, or property management.
Minimum 5 years of experience performing detailed financial analyses, including calculating tax credits and preparing financial reports for a portfolio exceeding $450 million.
At least 2 years of experience preparing and presenting comprehensive performance reports to investors specifically within the LIHTC or affordable housing sectors.
At least 2 years of experience overseeing compliance with LIHTC Section 42, partnership agreements, loan documents, LURAs, QAPs, and tax credit applications, with a proven record handling at least 50 tax credit projects.
Domestic travel required up to 40%.
Compensation and Benefits Full‑time position, $136,469 per year, 40‑hour work week, Monday–Friday. 401(k) program with company‑matching contributions; health, dental, vision, life and disability insurance; paid time‑off plan; discretionary bonus potential.
Telecommuting 100% telecommuting permitted; candidate may reside anywhere in the U.S.
Equal Opportunity Employment RBC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, veteran status, or disability status.
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