RBC · 2 months ago
Associate, Stabilized Asset Manager, RBC Capital Markets, LLC, Minneapolis, MN:
United States
Full-time
Remote
Senior Level
$136K/yr - $136K/yr
5+ years expRBC is a leading global bank, and they are seeking an Associate Stabilized Asset Manager to assess project and partnership risk factors in compliance with LIHTC provisions. This role involves managing equity disbursement, conducting financial analyses, and maintaining relationships with various stakeholders in the LIHTC industry.
BankingFinancial ServicesWealth Management
Responsibilities
Assess project and partnership risk factors concerning compliance with Section 42 of the Low-Income Housing Tax Credit (LIHTC) provisions, partnership agreements, loan documents, Land Use Restriction Agreements (LURAs), Qualified Allocation Plans (QAPs), and tax credit applications
Calculate the annual tax credit amount based on final cost certification and Form 8609s and determine the first-year credit delivery using actual lease-up figures
Manage the disbursement of equity for the assigned portfolio
Provide oversight of projects by analyzing performance data on a monthly, quarterly, or annual basis, as applicable
Conduct detailed “workout” analyses to prepare asset-specific Risk Management Plans and Loss Mitigation Plans for higher risk-rated assets
Accurately communicate relative risks and develop appropriate plans to mitigate them, thereby better protecting the investment
Recommend strategies to resolve financial, real estate/LIHTC compliance, and ownership issues related to assets
Complete annual property inspections or conduct them more frequently as needed
Expedite the receipt of financial and operational information from lower-tier partnerships on a monthly, quarterly, and annual basis
Initiate communication with General Partners to ensure the timely submission of tax returns and audits
Review the annual operating budget for each property within the assigned portfolio
Communicate issues that may place a project at risk to the appropriate leadership in Asset Management and develop an action plan to mitigate risks and protect the investment
Assist with the disposition of assets at the end of the affordable housing tax credit period or during other dissolution events
Participate in team initiatives
Maintain a thorough and up-to-date record of property activity and document management in the database
Stay informed about regional and local economic and demographic trends within portfolio markets
Develop and maintain relationships with General Partners, management agents, lenders, contractors, third-party monitors, investors, local and state housing agencies, and other stakeholders in the LIHTC industry
Qualification
Required
Must have a Bachelor's degree or foreign equivalent in Business, Finance, Real Estate, Accounting or a related field and 5 years of progressive, post-baccalaureate work experience in real estate, accounting, finance, or property management
Must have 5 years of experience in performing detailed financial analyses, including calculating tax credits and preparing financial reports, as demonstrated through the successful management of a portfolio exceeding $450 million
Must have 2 years of experience in preparing and presenting comprehensive performance reports to investors, with experience analyzing performance data on a monthly, quarterly, or annual basis, specifically in the Low-Income Housing Tax Credit (LIHTC) or affordable housing sectors
Must have 2 years of experience in providing oversight of the portfolio by assessing project and partnership risk factors concerning compliance with Section 42 of the Low-Income Housing Tax Credit (LIHTC) provisions of the 1986 IRS Tax Code, State Tax Credits, the Historic Tax Credit, and Workforce Housing; as well as the terms of partnership agreements, loan documents, Land Use Restriction Agreements (LURAs), Qualified Allocation Plans (QAPs), and tax credit applications
Must have 2 years of experience in ensuring compliance with requirements related to LIHTC, Section 42, and partnership agreements, backed by experience handling at least 50 tax credit projects
Must have 2 years of experience in coordinating and completing annual property inspections for a minimum of 50 properties, with a focus on identifying and mitigating physical and operational risks
Domestic travel required up to 40%
Benefits
Discretionary bonus
401(k) program with company-matching contributions
Health, dental, vision, life and disability insurance
Paid time-off plan
Company
RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
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)
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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
Private Capital Journal
2026-01-09
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