Associate Banker-Community Development Banking- Associate
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Job Location:
Los Angeles, CA - USA
Monthly Salary:
$ 115000 - 145000
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Become an integral part of a team that proudly supports vibrant and diverse neighborhoods by providing loans investments and services for low- and moderate-income households and communities nationwide!
J.P. Morgan Chases Community Development Banking (CDB) business is a national leader in community development finance for affordable housing and economic development projects. 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 (LIHTC) developments and bond purchases. Clients include for-profit and not-for-profit developers government entities and community-based organizations.
As a Community Development Banking Associate within our Commercial Real Estate team you will provide support and assistance in the underwriting and approval process for acquisition construction and/or permanent loans sourced by senior banker colleagues. You will report to a CDB Banker and support all members of the Tampa team.
Job Responsibilities:
- Work with Originating Bankers to gather project documentation prepare credit committee pitch packages Letters of Interest and Term Sheets
- Analyze and adjust development budgets operating statements rent schedules construction flow of funds financial statements market studies and third-party reports
- Collaborate with underwriters through the credit approval process including closing calls due diligence collection and internal reporting
- Review legal documentation prior to closing for accuracy and consistency with credit approval terms
- Assist with client meetings/calls related to financings and attend JPM Chase and industry events
- Monitor construction progress including draw requests funding adequacy time delays cost overruns contingency fund usage and compliance with loan documents
Required Qualifications Skills and Capabilities:
- 2.5 years experience in financing commercial real estate transactions including mixed income and affordable housing development projects
- Experience with Federal State and Local Affordable Housing/LIHTC financing programs
- BA/BS degree
- Strong interpersonal skills for client and stakeholder interaction
- Team player with flexibility to adjust priorities as needed
- Excellent written and verbal communication skills
- Proficient in MS Word Excel PowerPoint and Outlook
- Limited travel required occasionally overnight
Preferred Qualifications Skills and Capabilities:
- Formal bank credit training
- Knowledge of standard bank credit policies and loan administration procedures
This position is subject to Section 19 of the Federal Deposit Insurance Act. As such an employment offer for this position is contingent on JPMorganChases review of criminal conviction history including pretrial diversions or program entries.
Required Experience:
IC
Key Skills
- Laboratory Experience
- Aseptic Technique
- Mammalian Cell Culture
- Fundraising
- Microsoft Publisher
- Conflict Management
- Constant Contact
- Salesforce
- cGMP
- Cell Culture
- Grant Writing
- Child Protective Services
About Company
JPMorganChase, 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 ov ... View more
