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Community Development Banker- Commercial Real Estate - Vice President - Los Angeles California
Company: JPMorgan Chase & Co.
Location: Los Angeles, California
Posted On: 11/14/2024
You are customer focused, enjoy building relationships and providing financial advice to your clients. A role as a Community Development Banker is for you.------ -
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 ensure the timely completion of due diligence and preparation of comprehensive credit approval packages
Work with closing staff and legal counsel to ensure 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 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
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