As a Community Development Banker within Commercial Real Estate, you will be an integral part of the team that is proud to support vibrant and diverse neighborhoods by providing loans, investments, and services for low- and moderate-income households and communities nationwide!

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.

Job Responsibilities:

• Identify and proactively pursue 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:

• Five plus years’ experience in the affordable housing, low income tax credit industry
• Five 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