Associate Director, Real Estate Markets

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking financial institution as an Associate Director in the Real Estate Markets group. This role offers a unique chance to engage in underwriting and financial analysis, focusing on construction and development projects. Collaborate with directors to assess credit needs and manage a diverse lending portfolio. The position emphasizes client engagement and strategic decision-making, providing ample opportunity for personal and professional growth. As part of a culture that values collaboration and success, you'll play a pivotal role in enhancing the bank's presence in the real estate sector.

Benefits

Comprehensive Total Rewards Program

Coaching and development opportunities

Competitive pay

Bonuses and benefits

Qualifications

• 3+ years in real estate underwriting preferred.
• Strong analytical skills in real estate markets.

Responsibilities

• Analyze and underwrite new loan requests in real estate.
• Manage the Group’s lending portfolio and conduct credit reviews.

Skills

Client focus

Real estate markets bank lending

Financial statement analysis

Microsoft Excel

Communication skills

Problem-solving skills

Team collaboration

Education

MBA

CPA

CFA

Job description

Job Summary

What is the opportunity?

As an Associate Director (AD), you will support Directors in the Bank’s Real Estate Markets group. Your responsibilities include analyzing and underwriting new loan requests using the Bank’s Risk Assessment Framework (RAF), Financial Analysis and Credit Tools (Newton), and Commercial Credit Request (CCR). The primary role of the AD is to partner with Directors to understand credit needs, assess changing circumstances, and evaluate risk profiles through meaningful client contact. Additional duties involve managing the Group’s lending portfolio daily, conducting annual credit reviews, liaising with stakeholders internally and externally, and participating in team initiatives such as industry research, portfolio strategy, and reporting.

What will you do?

1. Focus on financing requests in the GTR real estate debt markets, supporting primarily construction and development real estate projects and lending products;
2. Assist Directors with deal support related to bilateral and syndicated senior secured loans, including budget analysis, cash flow, sensitivity, financial statement analysis, market analysis, underwriting, and funding;
3. Support the credit sales process from start to finish by engaging in stakeholder discussions and underwriting capital commitment and client term sheets within the risk management framework;
4. Oversee portfolio quality management, including credit expiries, out-of-order loans, and maturities;
5. Drive team priorities related to Strategic Limit Review management, building trust with clients and stakeholders to strengthen our presence in the real estate network.

What do you need to succeed?

Must-have

• Client focus and a client-first attitude;
• Experience in real estate markets bank lending, financial statement, and underwriting analysis;
• Strong real estate market analytical skills and understanding of financial concepts;
• Proficiency in Microsoft Excel and strong communication skills;
• Ability to work independently and as part of a team with a positive attitude;
• Proactive, detail-oriented, and creative problem-solving skills;
• Ability to work collaboratively in an office environment;
• Quick learning of bank programs and systems;
• Alignment with the Bank’s goals and values.

Nice-to-have

• Over 3 years’ experience in development/construction real estate underwriting (lending preferred);
• Advanced qualifications such as MBA, CPA, or CFA;
• Strong knowledge of the commercial real estate sector.

What’s in it for you?

We foster a culture of growth, collaboration, and mutual success, offering a comprehensive Total Rewards Program including bonuses, benefits, and competitive pay. Our leaders support your development through coaching, and we recognize personal initiative and hard work. This role provides a unique opportunity for personal and professional growth.

Job Details

• Address: Royal Bank Plaza, 200 Bay St, Toronto
• City: Toronto
• Country: Canada
• Work hours/week: 37.5
• Employment Type: Full-time
• Platform: Personal & Commercial Banking
• Job Type: Regular
• Pay Type: Salaried
• Posted Date: 2025-05-07
• Application Deadline: 2025-05-24

Note

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

Inclusion and Equal Opportunity Employment

At RBC, we value diversity and inclusivity, fostering a workplace where all employees feel supported, respected, and empowered to perform at their best. We are committed to policies and programs that promote respect, belonging, and opportunity for everyone.

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