Investment Associate, US Municipal Finance, Community Investments, Renewables
Royal Bank of Canada · NY, US
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About the Role
The Renewable Energy Investment Associate will support the RETC originations platform, ensuring new deal structuring and pricing, business and credit approval, closing execution, and post-closing financial modeling for RBC’s investments in renewable energy tax credit transactions. The role involves close collaboration with team members and internal RBC partners.
Responsibilities
- Provide business approval and credit support for RETC transactions, including identifying and managing renewable energy investment risks.
- Perform financial modeling and analysis for lower and upper tier RETC transactions throughout their lifecycle.
- Conduct due diligence on investment opportunities, including KYC procedures, tax equity document review, site visits, and analysis of third-party reports.
- Support transaction management and negotiation through closing and final true-up, serving as a primary or secondary contact with the Sponsor until stabilization.
- Manage equity deployment according to partnership operating agreement requirements, review funding requirements for accuracy and compliance, and prepare equity requests for approval.
- Oversee transactions by analyzing performance data and providing technical assistance on project performance and managerial strategy to ensure continuous tax credit benefits and cash flow.
- Expedite the receipt of financial and operational information, identify developing problem patterns, and escalate issues for further investigation.
- Support financial modeling and disposition analysis at the end of the credit period or other dissolution events.
- Develop and maintain relationships with existing Sponsors and industry contacts to gather current information.
- Proactively identify and escalate operational risk loss events, control deficiencies, and risks to management and relevant functions.
- Review and comply with applicable Firm Policies.
Requirements
- Bachelor’s Degree, preferably in Finance or Accounting.
- Renewable energy project finance experience.
- Excellent quantitative and analytical skills.
- Specific tax equity experience preferred.
- Proficiency in MS-Office applications.
Skills
- Adaptability
- Critical Thinking
- Customer Service
- Detail-Oriented
- Financial Engineering
- Financial Statement Analysis
- Investments Analysis
- Personal Development
- Personal Initiative
- Teamwork
Location
- NEW YORK, United States of America
Work Type
- Full time
Education Level
- Bachelor's Degree
Salary/Compensations
- $140,000 - $150,000
Benefits
- Competitive compensation
- 401(k) program with company-matching contributions
- Health, dental, vision, life, disability insurance
- Paid-time off
About the Company
- RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC).
- RBC Community Investments 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).
- 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.
- 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.
- 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.