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Fund Manager

Company: RBC
Location: Cleveland
Posted on: November 26, 2022

Job Description:

Come Work with Us!At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.Job TitleFund Manager Job Description Investor Relations focus:

  • Develops business rapport with Investor client staff that supports long-term business relationships by providing both financial expertise and market-relevant reporting.
  • Collaborates with Syndications team to provide the highest quality customer service to Investors.
  • Initiates communication with RBC Investors, with an emphasis on:
    • responding to inquiries as they pertain to property operations/performance and Fund-level tax returns and audits, and
    • soliciting feedback on reporting requirements and presentation preferences to create and develop reporting that adds value to relationships.
    • Leads preparation and presentation of portfolio reporting/pitch books in collaboration with syndication team.Accounting/Technical focus:
      • Exceeds Investor expectations/requirements as it pertains to the timely and accurate delivery of all reports, audits, tax returns and K-1's.
      • Manages an Investor portfolio that provides an analysis on the current performance and future projections of individual properties.
      • Provides financial analysis assistance to the Asset Management team as it pertains to property operations and overall performance.
      • Develop and strengthen knowledge of GAAP accounting, partnership taxation and Section 42 LIHTC program to maximize value to the Company as well as Investors.Investor Portfolio Review:
        • Analysis of current property operations as they relate to historical trends, and as a result, develop analysis of projected future property operations.
        • Determine the current Internal Rate of Return (IRR) on the Investor's investment at Fund level, which is derived from the tax credit and loss benefit analysis, and a result of:
          • Preparation of Federal, Historic and/or State tax credit benefit analysis, and
          • Preparation of Net Operating Income/Loss benefit analysis.Accounting Functions:
            • Analysis of Capital Account as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion.
            • Review of monthly Fund level general ledger for purposes of the accuracy in general ledger entries, as well as for updating of the Fund level capital contribution schedule, which is a component of the quarterly Investor report.
            • Review and approval of capital contribution funding requests in a timely manner and coordination with accounting to ensure compliance with Investor requirements, while also meeting expectations of developers.
            • Execution of wire transfers in response to the capital funding requests made by the Lower Tier properties.
            • Calculation/Review of lower tier 'adjuster' calculations which have direct effect on capital funding at both the Investor and property levels.
            • Review and approval of accounts payable invoicing for payment to outside vendors for services related to the administration of the lower tier properties.
            • Oversee all functions performed by the Fund Analysts/Associates.Job SummaryManages and monitors investment portfolios and transactions in an investment banking environment. Applies complete knowledge, skills, and practices to perform assignments.Address:Cleveland, Ohio, United States of AmericaCity:USA-NC-CHARLOTTE, USA-OH-CLEVELANDCountry:United States of AmericaWork hours/week:40Employment Type:Full timePlatform:Capital MarketsJob Type:RegularPay Type:SalariedPosted Date:2022-08-03-07:00Application Deadline:Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at

Keywords: RBC, Cleveland , Fund Manager, Executive , Cleveland, Ohio

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