JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available athttp://www.jpmorganchase.com/.
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
The Commercial Real Estate (CRE) group at J.P. Morgan prides itself on leveraging its industry knowledge to offer best-in-class financial solutions across all major real estate asset types: multifamily, retail, office and industrial properties. We work with national and regional clients across the entire real estate sector, including developers, investors, owners, operating companies, investment funds, real estate investment trusts, and non-profit organizations.
Real Estate Banking (REB) delivers commercial real estate and banking products to top-tier clients active in major markets across the U.S. Primary property types include multifamily, retail, office and industrial properties. REB clients are top-tier national and regional real estate developers, investors, Real Estate Operating Companies (REOCs) and opportunity and investment funds.
REB has broad national capabilities and expertise in real estate credit, including:
- Commercial and multifamily construction
- Structured revolving facilities
- Term mortgage lending
- Subscription facilities
The business also often assembles and manages large multi-bank syndications to finance institutional quality real estate investments for clients at both the asset and entity level.
The position is for a contributing member of the deal team who will be responsible for the underwriting and management of a portfolio of commercial real estate credits/relationships in a fast-paced, regulated environment. The Credit Associate will also be involved in the loan closing process and construction loan draw approvals. Candidates should have a good baseline knowledge of credit and commercial real estate finance/lending with the expectation of developing these skills further while in this role. Strong analytical and business writing skills are necessary. The role will have some customer contact so candidates should have solid communication skills.
Performing necessary credit analysis and due diligence on new loan opportunities including assisting in preparing Investment Committee Memorandums
Working with Product Specialists to size and structure loans to mitigate risks
Performing final underwriting of loans and Risk Rating recommendations
Preparing Credit Approval Packages and recommending approvals to Senior Credit Executives
Working with loan administration and Product Specialists to facilitate loan closings
Working with Portfolio Management to ensure credit worthiness of Borrowers/Guarantors/Sponsors and appropriate risk grades are assigned
Ensuring compliance with established underwriting standards and guidelines, credit approval requirements, and other policies and procedures associated with new loan originations
Communicating with clients on loan due diligence deliverables
- 5+ years of Commercial Real Estate Credit and/or Commercial Banking/lending experience
- BA/BBA required
- Strong analytical and business writing skills
- Good interpersonal skills with internal partners, counsel, clients and senior management.
- Accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts
- Strong experience in Microsoft Office required and Argus a plus
- Experience with cash flow modeling and financial statement analysis is preferred
- Knowledge of JPMC or similar bank policies and procedures preferred
- Completion of a major corporate banking credit training program (or the equivalent corporate banking/corporate finance experience)