RBC Capital Markets currently has an opening for this position and I'm considering applying. I'm strongly interested in landing a position at a REPE (real estate private equity) shop and contemplating if this position would enhance my chances as I haven't had experience in real estate investing thus far (worked in fixed income sales and trading, traded mortgages, and currently in 1st year of IB). If you have insights please provide them. The job posting is on LinkedIN. Also, if you have any intel on the compensation for a role like this please let me know as well. Thanks.
Job Description:
RBC Capital Markets – Tax Credit Equity Group part of the Royal Bank of Canada (RBC) family, is a leading national syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs) and Historic Rehabilitation Tax Credits (HRTCs). We are seeking a Real Estate Investment Analyst-LIHTC in our Charlotte, NC office.
The Investment Analyst has primary responsibility for both and underwriting of multifamily real estate investments that generate tax credits. The analyst will support the Investment Managers and the Regional Directors in their efforts to structure and close investment opportunities under the guidance of the VP of Underwriting. This individual will also support the Syndications (investment sales) staff in the sales process with our equity investors and the staff as the investment moves to equity closing and into the development stage.
• Primary responsibility for financial modeling and underwriting with a focus on real estate analysis and due diligence.
• Support in initial deal screening with thoughtful and thorough analysis of proposed investment opportunities, including initial financial underwriting, investment structuring and market analysis.
• Finalize proposed investment terms and prepare items required for initial processing of investment opportunities through Investment Committee.
• Throughout the life cycle of each transaction, the Investment Analyst will be responsible for timely and accurate reporting through our pipeline/inventory management systems.
• Primary responsibility for preparation of investment-specific terms for Investment Committee, including but not limited to the overall structure of the transaction and the associated risks/mitigants.
• Support the Letter of Intent (“LOI”) process.
• Primary responsibility for engagement and completion of the financial and tax technical reviews and sign offs.
• Partner with Risk Management staff to perform detailed analysis on all underwriting elements of a transaction, including but not limited to, the following:
o Market Analysis
o Expense Comparable Analysis
o Sensitivity Analyses
o Structure transactions in a manner to mitigate overall transaction risks to RBC and its investors.
• Responsible for completion of the Investment Summary, including but not limited to, the following: Identification and Disclosure of all Investment Highlights and Primary Risks and Mitigants, Market Study Analysis, Financing Terms, Guarantees and Tax Risk Identification.
• In conjunction with diligence staff, prepare and submit all documentation required to ensure timely and efficient closing and funding.
• Follow best practices for the Investment production function, including timely follow-up on any outstanding diligence items and ensuring the developer’s needs and concerns related to closings are fully addressed.
