Analyst, Asset Management Operations
Analyst, Asset Management Operations
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Job Description
Job Summary
RBC Capital Markets RBC Community Investments ( part of the Royal Bank of Canada (RBC) firm is a leading syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs) Historic Rehabilitation Tax Credits (HRTCs) and New Markets Tax Credits (NMTCs). The LIHTC Compliance Analyst is responsible for monitoring the RBC Community Investments property portfolio to ensure that they comply both with the operating agreement along with various State/Federal funding programs. State/Federal Programs include but are not limited to LIHTC HUD subsidy programs HOME CDBG and other Affordable Housing Programs.
Job Description
What will you do
- Responsible for the collection and review of an assigned portfolio of 10% LIHTC tenant file reviews for existing partnerships during the compliance period and assigning appropriate Compliance risk ratings. May assist in the 100% initial tenant file reviews if necessary.
- Follow up on non-compliance issues highlighted by the third-party firm and our clients/partners.
- Analyzes summarizes and reviews data; accurately report findings interprets results and/or makes recommendations on findings.
- Maintain current knowledge on modifications to the various funding programs utilized for Affordable Housing properties.
- Communicate non-compliance issues to the attention of the Director of Asset Management Operations for corrective actions.
- Responsible for maintaining property files for Compliance on the Community Investments shared server in addition to entering data into the Asset Management database.
- Assumes special projects as assigned.
- 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
Must-have
- Associates Degree in Business plus a minimum of two years experience in rent-restricted multifamily asset or property management
- OR -
- Five to seven years experience in rent-restricted multi-family asset or property management
- Proficiency in MS-Outlook and MS-Office applications
- Strong organizational skills with the ability to coordinate complex activities prioritize conflicting demands and meet deadlines
- Keen analytical skills and attention to detail
- Strong interpersonal skills highly motivated and able to work independently
- Excellent verbal and written communication skills
Nice-to-have
- Working knowledge of the LIHTC program and the IRS 8823 Guide
- Tax Credit Certification from a recognized and reputable agency
Whats 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
The good-faith expected salary range for the above position is $60000 - $75000 depending on factors including but not limited to the candidates experience skills registration status; market conditions; and business salary range does not include other elements of total compensation including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health dental vision life and disability insurance; and paid time-off plan.
RBCs 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 RBCs 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 TeamworkAdditional Job Details
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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.
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Required Experience:
IC
Employment Type
Full-Time
