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ts 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.
Job Responsibilities:
Identify and proactively solicit appropriate debt and deposit opportunities
Appropriately assess transactional risk via thorough knowledge of sponsor, financial, legal, construction management and market issues
Represent the Bank in negotiation of acceptable credit terms and structure for complicated transactions
Work with a dedicated underwriting team to insure the timely completion of due diligence and preparation of comprehensive credit approval packages
Work with closing staff and legal counsel to insure that the documentation for each transaction is accurate, appropriate, and consistent with the terms of credit approval
Communicate with the loan administration unit to maintain awareness of construction progress, appropriateness of draw requests, adequacy of debt and equity sources, time delays, cost overruns, usage of contingency funds and compliance with legal documents
Surface issues as they arise with the client to ensure good customer service and adequate protection of the bank.
Represent the Bank professionally at industry-related conferences and other such events
Required qualifications, capabilities, and skills:
Ten plus years' experience in the affordable housing industry
Ten plus years' experience structuring, underwriting, closing, and administering commercial real estate construction loans for affordable multifamily housing
Demonstrated success serving clients in the affordable housing industry
Understanding and knowledge of standard bank credit policies and loan administration procedures
Ability to work independently and with minimal supervision and direction
Ability to interact favorably in person and on the telephone with prospects, clients, consultants, government agency staff, legal counsel, and team members
Ability to collaborate with the team and adjust priorities to achieve team, as well as individual, goals
Excellent written and verbal communication skills
Strong analytical and PC skills; proficient in MS Word, Excel, and PowerPoint
Valid driver's license for periodic overnight domestic travel
Bachelor's degree required
Preferred qualifications, capabilities, and skills:
MBA degree and formal credit training preferred
Strong familiarity with the market
ABOUT US
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 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Commercial Banking provides credit and financing, treasury and payment services, international banking and real estate services to clients-including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations.