Job Description

Job Description

Multi-Family RE Portfolio Manager – Charlotte, NC

What is the opportunity?

RBC Capital Markets – RBC Community Investments ( part of the Royal Bank of Canada (RBC) firm, is a leading national syndicator of State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), and New Markets Tax Credits (NMTCs). 

The Portfolio Manager is responsible for maintaining a collection of real estate assets invested through the Section 42 (LIHTC) affordable housing tax credit program and/or the historic tax credit program to ensure the continuous delivery of tax credit benefits and passive losses.

What will you do?

• Assess project and partnership risk factors as they pertain to compliance with Section 42 (LIHTC) provisions, terms of partnership agreement, loan documents, LURAs, QAPs, and tax credit application. 
• Calculate annual tax credit amount from final cost certification and 8609s and calculate first year credit delivery from actual lease-up figures.
• Manage the disbursement of equity for the assigned portfolio. 
• Expedite the receipt of financial and operational information from the lower tier partnerships on a monthly, quarterly, and annual basis.
• Provide oversight of project by analyzing performance data on a monthly, quarterly, or annual basis as applicable. 
• Complete detailed “workout” analyses to prepare asset-specific Risk Management Plans and Loss Mitigation Plans on higher risk-rated assets. Communicate relative risk accurately and develop appropriate plans to mitigate risks and better protect the investment.  Recommend implementation of strategies to resolve financial, real estate/LIHTC compliance, and ownership issues on assets.
• Complete annual property inspections or more frequently as needed. 
• Initiate communication with General Partners to ensure timely submission of tax returns and audits.
• Review the annual operating budget for each property in the assigned portfolio.
• Communicate issues that may place a project at risk to appropriate leadership in Asset Management, and develop an action plan that will help mitigate the risk and protect the investment. 
• Assist with the disposition of assets at the end of the affordable housing tax credit period or other dissolution event.
• Participate in team initiatives.
• Maintain a thorough and up-to-date record of property activity and document management in the database.
• Maintain familiarity with 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 others in the LIHTC industry.

What do you need to succeed?

Must-have

• Bachelor’s Degree, preferably in Finance, Accounting or Real Estate.
• Experience in affordable housing, tax credit syndication, transaction processing, property/partnership-level accounting, real estate underwriting and/or financial modeling.
• Key skills include real estate concepts, financial analysis, and strong organization and prioritization. 
• A strong interest in real estate investment and/or affordable housing.
• Proficiency in MS-Outlook and MS-Office applications.
• Excellent verbal and written communication skills.

Nice-to-have

• Prior experience as a LIHTC Asset Manager is highly preferred.

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 $75,000 - $110,000, 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

Address:

6805 CARNEGIE BOULEVARD, # 100:CHARLOTTE

City:

Charlotte

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-10-31

Application Deadline:

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

I nclusion and Equal Opportunity Employment

At 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.

Job Tags

Full time, For contractors, Local area, Flexible hours

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