Royal Bank of Canada

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

Royal Bank of Canada • $140K — $160K *
Charlotte, NC 28269In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Finance, or Accounting.
  • 2-4 years in a related role with expertise in partnership taxation and real estate finance.
  • Preferred qualifications include MBA, CPA, or dual degrees in Marketing/Finance.
  • Strong understanding of IRS Section 42 (LIHTC) program.
  • Proficiency in MS-Outlook and MS-Office applications. Excellent written and verbal communication skills.

Responsibilities

  • Build and maintain long-term business relationships with Investor clients through financial expertise.
  • Coordinate with Syndications team to enhance customer service for Investors.
  • Prepare and deliver portfolio reporting and pitch books with the team.
  • Ensure timely delivery of financial reports, audits, tax returns, and K-1's to Investors.
  • Analyze property performance and create forecasts for individual investments.
  • Conduct financial analysis to support Asset Management teams.
  • Oversee and guide Fund Analysts/Associates in their functions.

Benefits

  • Comprehensive Total Rewards Program including flexible benefits and a 401(k) with company matching.
  • Support for professional development through coaching and opportunities.
  • Work in a collaborative and progressive high-performing environment.
  • Opportunities to engage in community-impacting work.
  • An inviting culture that emphasizes mutual success and personal growth.
Full Job Description
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 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.
  • What do you need to succeed?
    Candidate must possess a Bachelors of Business Administration in Finance or Accounting. Position requires 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. Preferred attributes can also include combination of Marketing/Finance degrees, MBA, CPA, understanding of IRS Sec. 42 (LIHTC) program, and supervision of exempt-level professionals. Proficiency in MS-Outlook and MS-Office applications, and excellent written communication skills are essential. Experienced presenter with superior verbal communication skills will be key to success in this role.
    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.
  • A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
  • Leaders who support your development through coaching and managing opportunities.
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with clients.
  • The expected salary range for this particular position is $140,000 - $160,000, depending on your experience, skills, and registration status, market conditions and business needs.
    You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
    RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
  • Drives RBC's high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value


Job Skills
Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address:

600 SUPERIOR AVENUE:CLEVELAND

City:

Cleveland

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-12

Application Deadline:

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

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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