Director, Transaction Execution, Renewable Energy Syndications

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 Renewable Energy Tax Credits (RETCs), State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), and New Market Tax Credits (NMTCs).

The RETC Syndications Director of Transaction Execution will have primary responsibility as an execution and relationship manager for new and existing renewable energy tax credit investors. The Director of Transaction Execution will work closely with the Head of Strategic Initiatives in originating and maintaining new investor clients and with the Director of Transaction Execution on upper tier executions with investor clients, in collaboration with a team that includes the RETC Syndications Director of Originations, and a dedicated team (VPs, Associates and Analysts) of support personnel. Role is tasked with growing distribution RETC syndicated funds, investment structuring and pricing, business and credit approval of transactions, closing execution and ongoing investor support post-closing of RBC's investments in and syndication of renewable energy tax credit transactions. The RETC Syndications Director of Transaction Execution will work closely with all levels of personnel assigned to the group, as well as internal RBC partners.

What will you do?

Investor Execution and Relationship Management

• Manage and develop long-term relationship with new and existing investors, as well lead the execution and closing of investments with assigned investors, with the goal of:
  • maintaining or increasing volume,
  • improving velocity of closing,
  • maintaining quality of deliverables to investors,
  • maximizing profitability,
  • communicating and executing on investor needs,
  • coordinating with Community Investments' Head of Strategic Initiatives on assigned investors, as appropriate
• Participate in investor originations and marketing efforts in all renewable energy markets.
• Present investment opportunities to existing and potential investors and secure investor commitments.
• Collaborate with members of RETC syndications, Community Investments management, Investment Committees, and other internal functions to meet the needs of investors and drive departmental revenue.
• Negotiate upper tier investment documents with investors in cooperation with external legal counsel.
• Work with Asset Management, including Development Risk Management, to resolve asset and/or portfolio level issues.
• Assist Fund Management in capital calls and investor reporting through review and input, as requested.
• Perform due diligence of investment opportunities under the guidance of senior RETC personnel, including but not limited to KYC procedures, reviewing tax equity documents, attending site visits (as assigned), and on a limited basis analyzing the detailed third party reports typically associated with investments of this type (insurance reports, independent engineering studies, appraisals).
• Support management in the negotiation of transactions through the Closing Date and final-true up / stabilization.
• Negotiation and input on financial modeling and disposition analysis at the end of the credit period or other dissolution event.
• Proactively identify and escalate potential operational risk loss events, control deficiencies and risks that you identify to your 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.
• 8-10 years renewable energy project finance experience and excellent quantitative and analytical skills are essential.
• Position requires a thorough understanding of tax equity finance, legal documentation, corporate accounting, and extensive negotiation skills; Experience also required in assessing complex problems and making decisions with significant financial impact.
• 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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• 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 building close relationships with clients

The good-faith expected salary for the above position is $275,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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