RBC · 5 days ago
Analyst, Community Investments, Fund Analyst-LIHTC
Cleveland, OH
Full-time
Onsite
New Grad, Entry Level
$70K/yr - $85K/yrRBC Capital Markets is a leading national syndicator of various tax credits, and they are seeking a Fund Analyst to support their Community Investments program. The role involves financial reporting, analysis of investor portfolios, and collaboration with asset management to ensure timely delivery of reports and compliance with tax requirements.
BankingFinancial ServicesWealth Management
Responsibilities
Primary responsibility for financial reporting and accounting support
Track receipt of lower tier tax returns, audits, independence letters and peer review reports; record dates in database. Review/Approve lower tier audits and tax returns in conjunction with upper tier CPAs and asset managers. Follow up with lower tier CPAs regarding changes to drafts and receipt of final reports
Preparation 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
Load reports to investor portal timely. Maintain investor contacts to provide seamless access to reports
Assist Fund Managers to 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. Prepare 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. Assist Fund Managers with the preparation of ‘portfolio book’ detailing Investor benefit analysis through use of data, charts/graphs and text
Maintain General Ledgers
Review monthly bank reconciliations
Preparation of Capital Account Analyses as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion
Update and manage depreciation and amortization schedules which will assist asset management in obtaining an accurate assessment of this expense at the property level for purposes of the quarterly/annual analysis of property operations
Qualification
Required
Candidate must possess a Bachelor's Degree with emphasis in Accounting, Finance or Tax
A strong interest in real estate investment and/or affordable housing
Excellent quantitative and analytical skills
Proficiency in MS-Outlook and MS-Office applications
Preferred
Previous experience in analysis of partnership tax returns and property operating budgets
CPA status
Understanding of Section 42 (LIHTC) program
Benefits
401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off
Company
RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
Founded in 1864
10001+ employees
H1B Sponsorship
RBC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (29)
2024 (17)
2023 (3)
2022 (4)
2021 (1)
2020 (2)
Funding
Current Stage
Public CompanyTotal Funding
$16.3B2025-10-30Post Ipo Debt· $5B
2025-09-15Post Ipo Debt· $1.35B
2025-07-10Post Ipo Debt· $177.74M
Leadership Team
Graeme Hepworth
Chief Risk Officer
Kelly Bradley
Chief Human Resources Officer
Recent News
2026-01-17
2026-01-15
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