Job Description

RBC Capital Markets – RBC Community Investments (www.rbccm.com/communityinvestments), part of the Royal Bank of Canada (RBC) firm, is a leading syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), and New Markets Tax Credits (NMTCs).  The Asset Management Operations Analyst is responsible for monitoring the RBC Community Investments property portfolio to ensure that they are in compliance both with the operating agreement along with various State/Federal funding programs.  State/Federal Programs include, but are not limited to LIHTC, HUD subsidy programs, HOME, CDBG, and other Affordable Housing Programs.

What will you do?

• Work with the VP of Insurance to review any non-compliance insurance issues and coordinate the flow of information on any projected insurance loss event.
• Responsible for the collection of apartment tenant files for the portfolio.
• Analyzes, summarizes and reviews data; accurately report findings, interprets results and/or makes recommendations on findings.
• Responsible for the collection and review of a small assigned portfolio of 100% initial LIHTC tenant file reviews during the lease up of a property and assigning appropriate Compliance risk ratings
• Maintain current knowledge on modifications to the various funding programs utilized for Affordable Housing properties.
• Communicate non-compliance issues to the attention of the V.P. of Asset Management Operations for corrective actions.
• Responsible for maintaining property files for Compliance on the Community Investments shared server, in addition to entering data into the Asset Management database.
• Assumes special projects as assigned.

What do you need to succeed?

Must-have

• Associate’s Degree in Business, plus a minimum of two years’ experience in rent-restricted multifamily asset or property management
  • OR -
• Five to seven years’ experience in rent-restricted multi-family asset or property management
• Proficiency in MS-Outlook and MS-Office applications
• Strong organizational skills with the ability to coordinate complex activities, prioritize conflicting demands and meet deadlines
• Keen analytical skills and attention to detail
• Strong interpersonal skills, highly motivated and able to work independently
• Excellent verbal and written communication skills

Nice-to-have

• Working knowledge of the LIHTC program and the IRS 8823 Guide
• Tax Credit Certification from a recognized and reputable agency