Investment Analyst - Real Estate

• What is the opportunity?

  RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). The real estate analyst position focuses on modeling and underwriting multifamily real estate transactions that generate investment tax credits. This position will assist in the pricing of transactions, preparing the financial model, analyzing potential risk and bidding transactions. In addition, the real estate analyst will assist in the closing of primarily multifamily investments, preparing investment and underwriting materials and evaluating due diligence. RBC Community Investments (www.rbccm.com/communityinvestments) is a leading national syndicator of real estate tax credit investments, including affordable housing and historic rehabilitations.

  What will you do?

• 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, 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, the following: 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 the following:
  • 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.

• What do you need to succeed?

  Must-have

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

• Nice-to-have

• Previous experience in real estate underwriting activities and financial modeling, affordable housing, or tax credit syndication.

• 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.

Job Skills

Additional Job Details

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

Inclusion 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.