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 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.

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What will you do?

• Financial projection management:

• Review financial projections for all investment opportunities prior to lower tier closing (FR2) to ensure:
  • 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 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, Personal Initiative, Teamwork

Additional Job Details

6805 CARNEGIE BOULEVARD, # 100:CHARLOTTECharlotteUnited States of America40Full timeCAPITAL MARKETSRegularSalaried2025-08-29

Note: 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.