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Commercial Bank Risk - Credit Risk-Community Development Banking (CDB) Real Estate, Vice President at JPMorgan Chase Bank, N.A.

Posted in General Business 11 days ago.

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Type: Full-Time
Location: San Francisco, California





Job Description:

JP Morgan Chase

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 at http://www.jpmorganchase.com/ .

Our Firmwide Risk Function

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.

An Underwriting Manager on Community Development Banking (CDB) Real Estate's West Underwriting Team plays an integral role in the bank's Community Reinvestment Act (CRA) mission and providing housing opportunities to low- and moderate-income level households. The CDB Real Estate business primarily involves the financing of construction for rental and for sale housing for low- and moderate-income families. Clients include both for-profit real estate developers and not-for-profit entities across the Western region. Underwriters have multiple responsibilities, which include preparation and presentation of credit approval packages, account management, and portfolio management. An Underwriting Manager will be expected to attend client events and meetings, conduct site visits when appropriate, and take a leadership role closing new loan transactions and preparing credit approval memos.

In preparation of credit approval packages, an underwriter reviews cash flow forecasts, project budgets, financial statements of prospective project sponsors and guarantors, and third-party reports (appraisal/marketing studies, environmental reports, and PNA/construction reviews). The underwriter is then challenged to identify the key credit risks in a transaction and clearly communicate them in a clear and succinct summary memo.

In account management, underwriters work as a team with CDB bankers to attend pre-closing conference calls with clients and attorneys, loan documentation negotiation and review to coordinate loan closings, and post-closing follow-up with internal business partners. Additionally, underwriters prepare and present extensions and modifications of existing credit facilities and work toward the successful conversion of projects to permanent financing.

In portfolio management, underwriters report to management on projects under construction. Reports include annual client reviews, facility reviews, and reports on adversely classified loans. Annual client reviews are a comprehensive analysis of the project sponsor, current financial condition, exposure summary, projects in portfolio, and the internal risk ratings. Facility reviews and reports on adversely classified loans include a summary of transaction, discussion of issues, strategy of management, and internal risk grade. Underwriters also monitor delinquencies and loan maturities and track covenant compliance.

Qualifications:


  • 5 years in a commercial real estate credit or lending function; experience with commercial clients and complex transactions.
  • Knowledge/Education: BA/BS or Masters, with concentration in accounting/finance/economics/real estate preferred.
  • Working knowledge of affordable housing and/or other government policies; use of subsidies and LIHTC, though not required, is a big plus.
  • Skills: excellent teamwork and customer service; consistently delivering on commitments to colleagues and internal and external customers.
  • Strong analytical and project management skills with the ability to multi-task; communications skills, both written and oral.
  • Computer skills, particularly Excel and Word; ability to handle problems, be it for internal or external customers, and persist until problem is resolved; attention to detail.

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





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