Job Description

Job Description

What is the opportunity?

RBC Capital Markets – RBC Community Investments ( part of the Royal Bank of Canada (RBC) firm, is a leading national syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), New Markets Tax Credits (NMTCs) and Renewable Energy Tax Credits (RETCs).  The Fund Analyst will support a program that exceeds Investor expectations / requirements as it pertains to the timely and accurate delivery of all reports, audits, tax returns and K-1’s.  This individual will assist Fund Managers with Investor portfolio that provides an analysis on the current performance, and future projections, of individual properties.  In addition, the Fund Analyst provides financial analysis assistance to the Asset Management team as it pertains to property operations and overall performance.

What will you do?

Primary responsibility for financial reporting and accounting support.

• Property Level Audit and Tax Return Delivery:
  • Track receipt of lower tier tax returns, audits, independence letters and peer review reports; record dates in database.  Review/Approve lower tier audits and tax returns in conjunction with upper tier CPAs and asset managers.  Follow up with lower tier CPAs regarding changes to drafts and receipt of final reports.
  • Build relationships with lower tier CPAs to assist in working through tax issues when they arise.
• Fund Level Quarterly Investor Benefit Report:
  • Preparation of quarterly Investor report detailing the loss (upper & lower tier) and credit benefits projected to be delivered to the Investor on an annual basis.  Report data/documentation is derived from compilation of property level quarterly financial reports, property narrative and/or watch list reports provided by Asset Management.
  • Load reports to investor portal timely. Maintain investor contacts to provide seamless access to reports.
• Investor Portfolio Review:
  • Assist Fund Managers to bring original fund summary model up-to-date through the insertion of final/draft tax return and audit data into the final model for all previous years of operation.  Prepare analysis of current property operations as they relate to historical trends, and as a result, develop analysis of projected future property operations.
• Determine the current Internal Rate of Return (IRR) on the Investor’s investment at Fund level.  Assist Fund Managers with the preparation of ‘portfolio book’ detailing Investor benefit analysis through use of data, charts/graphs and text.
• Accounting Functions:
  • Maintain General Ledgers.
  • Review monthly bank reconciliations.
  • Preparation of Capital Account Analyses as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion.
  • Update and manage depreciation and amortization schedules which will assist asset management in obtaining an accurate assessment of this expense at the property level for purposes of the quarterly/annual analysis of property operations.

What do you need to succeed?

Must-have

• Candidate must possess a Bachelor’s Degree with emphasis in Accounting, Finance or Tax.  
• A strong interest in real estate investment and/or affordable housing, and excellent quantitative and analytical skills are essential.
• Proficiency in MS-Outlook and MS-Office applications is required.

Nice-to-have

• Previous experience in analysis of partnership tax returns and property operating budgets, and may have CPA status and an understanding of Section 42 (LIHTC) program.

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.

The expected salary range for this particular position is $70,000 - $85,000, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

Address:

600 SUPERIOR AVENUE:CLEVELAND

City:

Cleveland

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-12-22

Application Deadline:

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

I nclusion 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.

Job Tags

Full time, Flexible hours

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