Municipal Finance, Renewable Energy Tax Credits - Originations

Overview

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 LIHTCs, HRTCs, NMTCs and RETCs.

The Director, RETC Investments - Originations will lead transaction negotiation and execution for the RETC originations platform, including deal structuring, pricing, business and credit approvals, closing execution and ongoing financial modeling support post-closing of RBC’s investments in and syndication of renewable energy tax credit transactions. The Vice President will work closely with all levels of personnel assigned to the group and internal RBC partners.

• Lead business approval and credit support for the origination and closing of RETC transactions, including risk identification and management for renewable energy investments.
• Lead financial modeling and analysis throughout the life cycle of RETC transactions – lower tier and upper tier.
• Lead due diligence of investment opportunities under guidance of senior RETC personnel (KYC procedures, reviewing tax equity documents, site visits as assigned, and analysis of third-party reports such as insurance, independent engineering studies, and appraisals).
• Lead management and negotiation of transactions through Closing Date and final-true up/stabilization; serve as primary or secondary point of contact with Sponsors until stabilization.
• May deploy equity under partnership operating agreement requirements; review funding requirements for accuracy and compliance; prepare Equity Request and circulate to Portfolio Manager and Community Investments Controller for review and approval.
• Provide oversight of transactions by analyzing performance data monthly, quarterly or annually; provide technical assistance on project performance and managerial strategy to ensure continuous tax credit benefits and cash flow.
• Expedite receipt of financial and operational information; identify data indicating problems and elevate to management for further investigation.
• Lead communication with Sponsors to ensure timely submission of tax returns and audits by engaging a CPA firm and tracking progress with reminders as necessary.
• Lead financial modeling and disposition analysis at the end of the credit period or other dissolution event.
• Manage relationships with existing Sponsors and others in the RETC industry to ensure flow of current and relevant information.
• Identify and escalate operational risk events and control deficiencies to line manager and risk/control functions in a timely manner.
• Review and comply with Firm Policies applicable to the business activities.

• Must possess a Bachelor’s degree, preferably in Finance or Accounting.
• Renewable energy project finance experience and strong quantitative/analytical skills; tax equity experience preferred.
• Proficiency in MS Office applications.

We thrive on the challenge to be our best, with progressive thinking to grow and to help clients thrive and communities prosper. We value collaboration, development, and making a difference for clients and communities.

• A comprehensive Total Rewards Program including bonuses, flexible benefits, competitive compensation, commissions and stock where applicable
• Leaders who support development through coaching and growth opportunities
• Opportunity to make a difference and lasting impact
• Dynamic, collaborative, progressive, high-performing team
• Opportunities to do challenging work and build close client relationships

The good-faith salary range for this position is $200,000-$225,000, depending on experience, skills, and market conditions. This range excludes discretionary bonuses and other benefits such as a 401(k) plan with company matching, health/dental/vision/life/disability insurance, and paid time off.

• RBC’s compensation philosophy supports a highly qualified global workforce and underpins our high-performance culture
• Supports achievement of strategic goals and sustainable shareholder value

Job

Skills:

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement…