The Credit Risk Associate/Vice President serves as an underwriter ("Underwriter\") on Community Development Banking's (CDB) Central Underwriting Team, serving both the CDB Real Estate and Intermediaries Lending (IL) businesses. The Underwriter 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. The CDB IL Lending team works with Community Development Financial Institutions (CDFIs) whose geographic targets and missions align with the firm's community reinvestment act objectives within its major markets.

Clients for both businesses include for-profit real estate developers and not-for-profit entities across the multiple states, located primarily within the central region of the country (IL clients are located nationwide). Underwriters have multiple responsibilities, which include preparation and presentation of credit approval packages, account management, and portfolio management.

Job Responsibilities

The Credit Risk Associate/Vice President will support the bankers in various tasks to prepare credit approval memos, take a leadership role in closing new transactions, manage portfolio accounts and provide portfolio management support (i.e., management of on-going client relationships and transactions). The underwriter will be expected to attend client events and meetings and site visits.

In preparation of credit approval packages for CDB Real Estate transactions, 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). For CDB IL clients, the underwriter reviews CDFI's audited financial statements and portfolio quality to assess its current strength and provides a summary of the organization's current management, lending strategy and overall outlook. 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.

The underwriter's responsibilities will also include participation in the closing/documentation process on new loans, on-going valuation of loans within the portfolio and regulatory compliance, and timely maintenance of accurate books and records.

There are also frequently opportunities for the Credit Risk Associate/Vice President to work across business lines, including working with the Community Development Real Estate and New Markets Tax Credits teams to finance affordable housing and other community development projects.

Required Qualifications, Skills and Capabilities

• Credit/Lending Experience: Minimum of eight years in a commercial real estate credit or lending function with experience structuring complex transactions.
• Knowledge/Education: BA/BS or Masters, with concentration in accounting and finance or policy.
  • Knowledge of CDFIs and experience with their different programmatic lending areas (charter schools, health centers, grocery) is a plus.
  • Working knowledge of affordable housing and/or other government policies; use of subsidies and LIHTC, though not required, is a big plus.
  • Other plusses are successful completion of credit training, understanding of commercial real estate, and knowledge of Community Development financing tools, including NMTCs and LIHTC.
• Interests: A demonstrated passion for community development finance and/or social enterprise
• Skills:
  • Strong analytical and project management skills, with the ability to multi-task
  • Strong verbal and written communication
  • Dexterity with Excel, Powerpoint and Word. Working knowledge of JPMC add-ins a plus
  • Excellent teamwork and customer service
  • Ability to consistently deliver on commitments to colleagues and internal and external customers
  • Ability to handle ambiguous problems and persist until problem is resolved
  • Attention to detail
  • Entrepreneurial spirit and comfort with ambiguity

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.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be 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.

Equal Opportunity Employer/Disability/Veterans