Real Estate Investment Analyst- Community Investments

Royal Bank of Canada•Charlotte, NC

3d•Onsite

About The Position

RBC Capital Markets is seeking a Real Estate Analyst to focus on modeling and underwriting multifamily real estate transactions that generate investment tax credits. This role involves assisting in transaction pricing, preparing financial models, analyzing risks, and bidding on transactions. The analyst will also support the closing of multifamily investments, prepare sales and underwriting materials, and evaluate due diligence. RBC Community Investments is a leading national syndicator of real estate tax credit investments, including affordable housing and historic rehabilitations.

Requirements

Bachelor’s Degree, preferably in Finance, Accounting, or Real Estate.
A strong interest in real estate investment and/or affordable housing.
Excellent quantitative and analytical skills.
Proficiency in MS-Office applications.

Nice To Haves

Previous experience in financial modeling or real estate finance.

Responsibilities

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, 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: 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.