Renewables Syndications Vice President, Portfolio Management, RBC Community Investments

What is the opportunity?

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

The Renewables Energy Syndication Vice President of Portfolio Management will have primary responsibility as post-closing relationship support for all renewable energy tax credit transactions, new and existing. The RETC Syndications Vice President of Portfolio Management will work closely with the RETC Head of Transaction Execution, other Vice Presidents and Associates of Portfolio Management and the full RETC Syndications Team (Managing Directors, Directors, VPs, Associates and Analysts). Role supports the performance and monitoring of RETC syndicated funds, may provide input on investment structuring and pricing, manage KYC, support closing execution and hand-off between origination and sales, and give ongoing investor support post-closing of RBC’s investments in and syndication of renewable energy tax credit transactions.

What will you do?

·       Lead or support diligence of investment opportunities by reviewing tax equity documents, attending site visits (as needed), and analyzing the detailed third party reports typically associated with investments of this type (insurance reports, independent engineering studies, appraisals).

·       Lead or support management of transactions from the Closing Date through final-true up / stabilization.  Serves as a direct resource and point of contact, as assigned, with the Sponsor in each transaction until disposition.

·       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 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 on project performance and managerial strategy to ensure the continuous flow of tax credit benefits and cash flow.

·       Develop and produce portfolio management reports by Investor and by Sponsor, as needed.

·       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. Prepare informative narrative reports on the installation’s performance, provide problem resolution and workout strategies.

·       Initiate communication with Sponsors to ensure timely submission of tax returns and audits each year by confirming the early engagement of CPA firm, tracking the status of progress and providing periodic reminder notices as necessary.

·       Communicate issues that may place a project at risk to appropriate leadership within the RBC platform, and, with the supervision of the Head of Transaction Execution, develop an action plan that will help mitigate the risk and protect the investment.  Recommend the implementation of strategies to resolve operational, financial, and compliance related difficulties within the portfolio.

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

·       Proactively identify and escalate operational risk loss events / control deficiencies and risks to 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

·       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 $150,000 - $175,000, 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

Additional Job Details

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.