JPMorgan Community Development Real Estate - Client Associate 

United States, New York, New York 

548167937

As a Community Development Banking Associate within our dynamic team, your initial responsibility will be to provide support and assistance in the underwriting and approval process for acquisition, construction and/or permanent loans sourced by senior banker colleagues. You will participate in the three-year development plan designed for a progression of job functions to develop skills over time for a successful career within the firm and ability to pursue more senior roles within the CDB industry, such as a Senior Banker focused on originations. You will report to the CDB Regional Manager with an indirect line to the senior bankers in the market.

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, Skills and Capabilities:

• 3+ years’ experience in the financing of commercial real estate transactions including familiarity with the financing of mixed income and affordable housing development projects.
• Experience with Federal, State and Local Affordable Housing/LIHTC financing programs required
• Knowledge of standard bank credit policies and loan administration procedures
• Formal bank credit training
• 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