Vice President, Fund Manager, US Municipal Finance, Community Investments

RBC Capital Markets, LLC • Cleveland, OH • 2h ago

Job Description

What is the Opportunity?RBC Capital Markets - Community Investments (www.rbccm.com/cvest), 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). The Fund Manager will manage a portfolio of LIHTC Investment Funds..What will you do?

Investor Relations focus:

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.

Accounting/Technical focus:

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.

Fund Level (Upper Tier) Audit and Tax Return Delivery to Investor:

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.

Fund Level Quarterly Investor Benefit Report:

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.

Investor Portfolio Review:

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.

Accounting Functions:

Analysis of Capital Account as it relates to capital account balance, minimum gain re

Similar Jobs

Audit Staff Fall 2027

Crowe LLP • Cleveland, OH • 3min ago

Finance, Accounting & Banking

Your Journey at Crowe Starts Here: At Crowe, you can build a meaningful and rewarding career. With real flexibility to balance work with life moments, you're trusted to deliver results and make an impact. We embrace you...

3min ago

Go to Apply

Audit Intern Winter 2028

Crowe LLP • Cleveland, OH • 3min ago

Finance, Accounting & Banking

3min ago

Go to Apply

KeyBank NA • Brooklyn, OH • 13h ago

Finance, Accounting & Banking

Location: 4900 Tiedeman Road, Brooklyn Ohio Job Summary The Lead Analyst (QA) is a professional contributor within Controllership Quality Assurance (QA), responsible for supporting risk identification, issue management,...

13h ago

Go to Apply

Treasury Sales Client Officer II

Bank of America • Cleveland, OH • 22h ago

Finance, Accounting & Banking

Treasury Sales Client Officer II Indianapolis, Indiana;Milwaukee, Wisconsin; Minneapolis, Minnesota; Cleveland, Ohio; Auburn Hills, Michigan; Cincinnati, Ohio To proceed with your application, you must be at least 18 yea...

22h ago

Go to Apply

Customer Service/ Billing Specialist

OhioMeansJobs Lake County • Mentor, OH • 1d ago

Finance, Accounting & Banking

OhioMeansJobs | Lake County is accepting resumes for the following position: Position: Customer Service/Billing Specialist Location: Mentor, OH Hours: M-F Pay: $19.50/Hr Position ID: 44073093 POSITION SUMMARY The Custome...

1d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)