CB - Community Development Banking - Associate Banker

Company: JPMorgan Chase
Location: Seattle
Posted on: May 6, 2021

Job Description:

J.P. Morgan Chase's Community Development Banking (CDB) business is a national leader in community development finance for affordable housing and economic development projects. Through our resources, CDB offers financing for projects of any size and complexity, including construction financing, bridge loans, acquisition loans, letters of credit to support bond transactions, and long-term permanent financing for Low Income Housing Tax Credit developments and bond purchases. CDB's clients include: For-profit and not-for-profit developers; Government entities engaged in housing and economic development; and Community-based organizations. 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 but works under the direct supervision of a Senior Commercial Banker. Essential Functions: + Work with Senior Commercial 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). **Qualifications:** Required Knowledge or Experience: + 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 or other underwriting experience preferred Skills and Other Requirements + 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 The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. Equal Opportunity Employer/Disability/Veterans

Keywords: JPMorgan Chase, Seattle , CB - Community Development Banking - Associate Banker, Accounting, Auditing , Seattle, Washington