Associate Director, Real Estate Markets

Job Description

What is the opportunity? As a Senior Associate Director (AD), you will be required to support Directors in the Bank’s GTR Real Estate Markets-Project Financing.

You will be responsible for analyzing and underwriting largely complex credit with the use of the Bank’s Risk Assessment Framework / RAF, Financial Analysis and Credit Tools / Newton and Commercial Credit Request (CCR).

The primary responsibility of the AD is to partner with Directors, Real Estate Markets to understand credit needs, changing circumstances and risk profile through meaningful client contact as required.

Other responsibilities of the AD include daily administration of the Group’s lending portfolio; performing annual credit reviews of the existing portfolio;

liaise both internally and externally with various stakeholders in the credit process; and actively participate in other team initiatives (industry research reports / ad hoc portfolio strategy requests / portfolio reporting management). What will you do?

• Support a complex Director desk that will be largely Tier 1 Real Estate Developers operating in the GTR by focusing on financing requests in real estate term debt markets.
• Tier 1 characteristics include : In-place Strategic Limit, Institutional or Professional Sponsorship, Ownership structures including but not limited to Joint Venture / Private Equity / Nominee, and Project Financing needs tend to be large in scope and scale.
• Completing the credit sales process from end to end by leading & managing discussions with a key stakeholders and underwriting capital commitment term sheets, client term sheets, and risk management framework.
• Focus on project financing pre-dominantly for low-rise single family, condominiums, and master planned / multi-phase communities.
• Provide the Directors with specific deal support as it relates to bilateral and syndicated senior secured loans including budgetary analysis, cash flow analysis, sensitivity analyses, financial statements analysis, market analysis, credit-under writing, and funding.
• Provide portfolio quality management oversight with assigned portfolio as it relates to managing credit expiries, out of orders, and loan maturities.
• Drive team priorities as it relates to Strategic Limit Review management, connecting with clients with internal partners and external partners to build trust, and strengthen our presence within the real estate network.

What do you need to succeed?

Must-have

• Minimum of 2-3 years’ experience as an Associate Director or market equivalent, in residential real estate project financing
• Strong knowledge on Real Estate syndication, credit structure, and pricing
• Strong technical, analytical, credit underwriting, and portfolio management skills
• Client centric experience with excellent written and verbal communications skills
• Have mature views on the real estate market knowledge with a well thought out point of view
• Strong computer skills (especially Microsoft Excel)
• Must be independent worker and team player with a positive attitude
• Motivated proactive thinker with detail-oriented and creative problem-solving approach
• Ongoing and consistent adoption of the Banks goals and core values.

Nice-to-have

• MBA or CFA
• Existing network of contacts in the GTA real estate industry

Job Skills Adaptability, Business Development, Client Centricity, Communication, Critical Thinking, Curiosity, Financial Acumen, Practice Management Additional Job Details

Address :

ROYAL BANK PLAZA, 200 BAY ST : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform :

Personal and Commercial Banking

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-05-31

2024-05-31

Application Deadline :

2024-06-15

I nclusion and Equal Opportunity Employment

At 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.

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