JPMorgan Chase & Co.(NYSE: JPM) is a leading global financial services firm with operationsworldwide. The firm is a leader in investment banking, financial services forconsumers and small business, commercial banking, financial transactionprocessing, and asset management. A component of the Dow Jones IndustrialAverage, JPMorgan Chase & Co. serves millions of consumers in the UnitedStates and many of the world's most prominent corporate, institutional andgovernment clients under its J.P. Morgan and Chase brands. Information aboutJPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .
Our Firmwide Risk function is focused on cultivating astronger, unified culture that embraces a sense of personal accountability fordeveloping the highest corporate standards in governance and controls acrossthe firm. Business priorities are built around the need to strengthen and guardthe 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 experiencesthat our team of Risk professionals bring and embracing an inclusiveenvironment.
The Commercial RealEstate (CRE) group at J.P. Morgan prides itself on leveraging its industryknowledge to offer best-in-class financial solutions across all major realestate asset types: multifamily, retail, office and industrial properties. Wework 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.
RealEstate Banking: RealEstate Banking (REB) delivers commercial real estate and banking products totop-tier clients active in major markets across the U.S. Primary property typesinclude multifamily, retail, office and industrial properties. REB clients aretop-tier national and regional real estate developers, investors, Real EstateOperating 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
Thebusiness also often assembles and manages large multi-bank syndications tofinance institutional quality real estate investments for clients at both theasset and entity level.
The position is for acontributing member of the deal team who will be responsible for theunderwriting and management of a portfolio of commercial real estatecredits/relationships in a fast-paced, regulated environment. The CreditAssociate will also be involved in the loan closing process and constructionloan draw approvals. Candidates should have a good baseline knowledge ofcredit and commercial real estate finance/lending with the expectation ofdeveloping these skills further while in this role. Strong analytical andbusiness writing skills are necessary. The role will have some customercontact so candidates should have solid communication skills. Responsibilities include
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
3 years of commercial banking/lending experience
Experience in Commercial Real Estate Credit is strongly preferred
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 with Microsoft Word, Microsoft Excel, and Microsoft PowerPoint
Experience in 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)
Internal Number: 6716537
eFinancialCareers is a career site specializing in financial services.