JPMorgan Associate Banker-Community Development 

United States, District of Columbia, Washington 

576908205

The primary responsibility of this position is to provide support and assistance in the approval process for loans sourced by senior staff. This position will report to the CDB Regional Manager

Job responsibilities

• Work with Originating Banker to gather all project related documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets. Duties will include analysis and adjustment, as necessary, of development budgets, operating statements, rent schedules, construction flow of funds, relevant personal and corporate financial statements, operating statements, market studies and other third party reports.
• Work collaboratively with the assigned underwriter through the credit approval process, including closing calls, due diligence collection, and internal reporting requirements.
• Review legal documentation associated with the transaction prior to closing to determine accuracy of information and consistency with the terms of credit approval.
• Assist in handling client meetings and/or calls related to specific financings, and attend JPM Chase sponsored events and other affordable housing industry events, both during and after business hours.
• Maintain awareness of construction progress (appropriateness of draw requests, adequacy of debt and equity sources, time delays, cost overruns, usage of contingency funds, potential negative equity adjusters, and compliance with loan documents).

Required qualifications, capabilities and skills

• 2 - 3+ years experience in commercial real estate transactions
• Knowledge of standard bank credit policies and loan administration procedures a plus
• Experience with Affordable Housing/LIHTC financing preferred
• Formal bank credit training preferred

Preferredqualifications, capabilities and skills

• BA/BS required
• Ability to interact favorably in person and on the telephone with prospects, clients, consultants, government agency staff, and legal counsel
• Ability to work as a member of a team and adjust priorities as necessary to achieve team, as well as individual, goals
• Excellent written and verbal communication skills
• Strong PC skills; proficient in MS Word, Excel, PowerPoint, and Outlook
• Limited travel is required, occasionally overnight