Vice President Jobs

About The Position

Requirements

• Bachelors of Business Administration in Finance or Accounting.
• Two to four years in a similar role or a position building relevant skill sets in principles of partnership taxation, real estate finance, property operating budgets, financial analysis and relationship management.
• Proficiency in MS-Outlook and MS-Office applications.
• Excellent written communication skills.
• Experienced presenter with superior verbal communication skills.

Nice To Haves

• Combination of Marketing/Finance degrees
• MBA
• CPA
• Understanding of IRS Sec. 42 (LIHTC) program
• Supervision of exempt-level professionals

Responsibilities

• Develops business rapport with Investor client staff that supports long-term business relationships by providing both financial expertise and market-relevant reporting.
• Collaborates with Syndications team to provide the highest quality customer service to Investors.
• Initiates communication with RBC Investors, with an emphasis on responding to inquiries as they pertain to property operations/performance and Fund-level tax returns and audits, and soliciting feedback on reporting requirements and presentation preferences to create and develop reporting that adds value to relationships.
• Leads preparation and presentation of portfolio reporting/pitch books in collaboration with syndication team.
• Exceeds Investor expectations/requirements as it pertains to the timely and accurate delivery of all reports, audits, tax returns and K-1’s.
• Manages an Investor portfolio that provides an analysis on the current performance and future projections of individual properties.
• Provides financial analysis assistance to the Asset Management team as it pertains to property operations and overall performance.
• Develop and strengthen knowledge of GAAP accounting, partnership taxation and Section 42 LIHTC program to maximize value to the Company as well as Investors.
• Preparation of and review of work papers that roll the lower tier tax return data into a Fund Level tax return.
• Manage the completion and delivery of Fund level audits and tax returns to Investors through communication with external auditors.
• Discussion with Asset Management/General Partners on issues affecting accurate reporting of tax returns and audits, usually as it relates to tax credits and losses.
• Review 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.
• 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.
• 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, which is derived from the tax credit and loss benefit analysis, and a result of: Preparation of Federal, Historic and/or State tax credit benefit analysis, and Preparation of Net Operating Income/Loss benefit analysis.
• Preparation of the portfolio book detailing Investor benefit analysis through use of data, charts/graphs and text.
• Extracting data that is critical for the compilation of property capital account analysis, actual/projected Investor benefits (losses and credits), and overall Fund performance summaries.
• Analysis of Capital Account as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion.
• Provide assistance and knowledge as it relates to methods by which Funds can maintain capital through reallocation of loss with the objective of preserving tax credits and/or losses for the Investor.
• Review of monthly Fund level general ledger for purposes of the accuracy in general ledger entries, as well as for updating of the Fund level capital contribution schedule, which is a component of the quarterly Investor report.
• Review and approval of capital contribution funding requests in a timely manner and coordination with accounting to ensure compliance with Investor requirements, while also meeting expectations of developers.
• Execution of wire transfers in response to the capital funding requests made by the Lower Tier properties.
• Calculation/Review of lower tier ‘adjuster’ calculations which have direct effect on capital funding at both the Investor and property levels.
• Review and approval of accounts payable invoicing for payment to outside vendors for services related to the administration of the lower tier properties.
• Updating the model to include the most current financial/tax return data, impacting the preparation of the Investor portfolio review and periodic events of property re-syndication.
• Oversee all functions performed by the Fund Analysts/Associates.
• 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 promptly.

Benefits

• 401(k) program with company-matching contributions
• Health insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Paid-time off