Associate, Fund Management
Toronto, CA
2d ago

Job Description

  • Property Level Audit and Tax Return Delivery : Track receipt of lower tier tax returns, audits, independence letters and peer review reports;
  • record dates in database. Review / Approve lower tier audits and tax returns in conjunction with upper tier CPAs and asset managers.

    Follow up with lower tier CPAs regarding changes to drafts and receipt of final reports.Build relationships with lower tier CPAs to assist in working through tax issues when they arise.

  • Fund Level Quarterly Investor Benefit Report : Preparation of quarterly Investor report detailing the loss (upper & lower tier) and credit benefits projected to be delivered to the Investor on an annual basis.
  • Report data / documentation is derived from compilation of property level quarterly financial reports, property narrative and / or watch list reports provided by Asset Management.

    Load reports to investor portal timely. Maintain investor contacts to provide seamless access to reports.

  • Investor Portfolio Review : Assist Fund Managers to bring original fund summary model up-to-date through the insertion of final / draft tax return and audit data into the final model for all previous years of operation.
  • Prepare 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. Assist Fund Managers with the preparation of portfolio book’ detailing Investor benefit analysis through use of data, charts / graphs and text.
  • Accounting Functions : Maintain General Ledgers.Review monthly bank reconciliations.Preparation of Capital Account Analyses as it relates to capital account balance, minimum gain recognition and the potential for reallocation of loss resulting from capital account depletion.
  • Update and manage depreciation and amortization schedules which will assist asset management in obtaining an accurate assessment of this expense at the property level for purposes of the quarterly / annual analysis of property operations.

    Calculation / Review of break even and debt service coverage calculations in connection with capital contribution funding requests made by asset management.

    Job Summary

    Provides reports on financial data and investment activities for investors. Applies complete knowledge, skills, and practices to perform assignments.

    Address :

    Cleveland, Ohio, United States of America

    City :


    Country :

    United States of America

    Work hours / week : Employment Type :

    Employment Type : Full time

    Platform : Capital Markets

    Job Type : Regular

    Pay Type : Salaried

    Posted Date : 2022-05-09-07 : 00

    2022-05-09-07 : 00

    Application Deadline :

    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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