Real Estate Investment Analyst- Community Investments

• What's the Opportunity?

  RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). The real estate analyst 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 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 you need to succeed:

  Basic Qualifications (Legislative Requirement)

• Candidate must possess a Bachelor’s Degree, preferably in Finance, Accounting, or Real Estate.

• Other Required Qualifications:

• 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.

• Suggested Qualifications:

• Previous experience in financial modeling or real estate finance.

• 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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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 build close relationships with clients.
• Drives RBC’s high-performance culture.
• Enables collective achievement of our strategic goals.
• Generates sustainable shareholder returns and above market shareholder value.

Job Skills

Additional Job Details

Note:Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.