Investment Associate, US Municipal Finance, Community Investments, Renewables

Investment Associate, US Municipal Finance, Community Investments, Renewables

What will you do?

RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). RBC Community Investments (www.rbccm.com/communityinvestments) is a leading national syndicator of tax credits, including

 State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), New Market Tax Credits (NMTCs) and Renewable Energy Tax Credits (RETCs).

The Renewable Energy Investment Associate will have primary responsibility for providing support to the RETC originations platform. Role ensures new deal structuring and pricing, business and credit approval of transactions, closing execution and ongoing financial modeling support post-closing of RBC’s investments in and syndication of renewable energy tax credit transactions. The RETC Associate will work closely with all levels of personnel assigned to the group, as well internal RBC partners.

·         Provide business approval and credit support necessary for the origination and closing of RETC transactions, including, but not limited to, identifying and managing risk appropriate with renewable energy investments.

·         Provide financial modeling and analysis throughout the life cycle of RETC transactions – lower tier and upper tier.

·         Perform due diligence of investment opportunities under the guidance of senior RETC personnel, including but not limited to KYC procedures, reviewing tax equity documents, attending site visits (as assigned), and analyzing the detailed third party reports typically associated with investments of this type (insurance reports, independent engineering studies, appraisals).

·         Support management and negotiation of transactions through the Closing Date and final-true up / stabilization. Serves as primary or secondary point of contact with the Sponsor in each transaction until the transaction stabilizes.

·         May be responsible for the deployment of equity pursuant to the partnership operating agreement requirements surrounding collection of all Conditions Precedent. Will collect and review the funding requirements for accuracy and compliance with the documents. Preparation of the Equity Request and circulation of the completed package to the Portfolio Manager and Community Investments Controller for review and approval.

·         Provide oversight of the transactions by analyzing performance data on a monthly, quarterly, or annual basis, as applicable. Provide technical assistance in the area of project performance and managerial strategy to ensure the continuous flow of tax credit benefits and cash flow.

·         Expedite the receipt of financial and operational information for each transaction and/or Sponsor on a monthly, quarterly and annual basis, as applicable. Identify data and information which implies a developing pattern of problems and elevate to management the need for further investigation.

·         Support of financial modeling and disposition analysis at the end of the credit period or other dissolution event.

·         Develop and maintain relationships with existing Sponsors and others in the RETC industry to ensure the flow of current and relevant information.

·         Proactively identify and escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions on a timely basis.

·         Review and comply with Firm Policies applicable to your business activities.

What do you need to succeed?

Basic Qualifications Candidate must possess a Bachelor’s Degree, preferably in Finance or Accounting

Other Required Qualifications:

·         Renewable energy project finance experience and excellent quantitative and analytical skills are essential, specific tax equity experience preferred.

·         Proficiency in MS-Office applications is required.

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 - $150,000, 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

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORKNew YorkUnited States of America40Full timeCAPITAL MARKETSRegularSalaried2026-09-29

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.