JPMorgan Chase's 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 and 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.
Portfolio Management Associate
Part of CDB Permanent Loan Team
Works with portfolio managers; reports to manager of CDB permanent lending
Manages various aspects of permanent loan portfolio (400+ loans), including payment delinquencies, unpaid real estate taxes, and borrower insurance non-compliance.
Serves as liaison between customers and Commercial Term Loan Servicing; researches and resolves issues as they arise; reviews loan documents as needed. Coordinates various borrower requests and any changes needed in Strategy loan records.
Reviews and approves replacement reserve draws as needed.
Manages CDB inspection process.
Manages collection of annual borrower financial and property information, primarily through use of the CUBE system.
Serves as CDB lead on pledging permanent loans to FHLB or elsewhere.
Manages Permanent Loan Database to ensure that new loans (conversions and term loans) are added to the database & remove loans that have been paid off/sold.
Maintains Scratches and Dents Report, Loan Maturity and Pre-Pay Report, Prepay Tracking Report, DSC Report.
Assists Portfolio Managers in permanent loan conversions, analysis of property operating performance on existing loans, and in new refinance/acquisition term loan requests.
Performs special projects as needed.
Progression available through increased responsibility
Requirements
BA/BS required
Past experience in loan servicing is strongly preferred.
Proficiency in loan systems (Strategy loan system experience strongly preferred) and Microsoft Office (Word, Excel, Access, and PowerPoint).
Experience with real estate loan documentation and loan due diligence.
Some experience in multifamily operating statement analysis is preferred.
Strong detail orientation and good follow-up skills.
Ability to handle multiple tasks at the same time.
Ability to work independently and to work well with others.
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.
