Asset Management - Real Estate Valuations - Vice President
JPMorganChase, New York, New York, us, 10261
Join to apply for the
Asset Management - Real Estate Valuations - Vice President
role at
JPMorganChase .
Base pay range $160,000.00/yr - $215,000.00/yr
Job Description We are seeking a
Vice President
for our Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. Reporting to the Head of Valuations for Global Alternatives, the new team member will be responsible for the review of private market investment valuations, including equity and debt valuations of investments in JPMAM’s global commercial real estate funds and accounts, with an opportunity to expand into other real asset classes and private capital in the future. The role promotes ongoing contact between the Valuations Team, Head of Valuations, external valuers, seasoned asset managers, analysts/associates, and investment team members.
Specific Responsibilities
Understanding the three (3) appraisal approaches to value – income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; quickly identifying errors and issues, discussing concerns and issues raised by asset management; and communicating effectively with appraisers to bring resolution to value conclusions in accordance with required reporting timeframes.
Audit Support – responding to auditors’ questions and providing additional information for asset valuations.
Platform-wide initiatives – actively participating in initiatives to benefit the broader platform, such as training activities, process/technology enhancements, etc.
Communication with management and across functional areas – informing the Head of Valuations of difficulties/weaknesses in the valuation process and proposing potential solutions.
Investment Committee Presentation Reviews – attending/reviewing investment committee presentations for new acquisitions and originations and identifying appraisal risk/inconsistencies in the pricing of prospective acquisitions versus current appraisal pricing.
Financial Modeling – fluency in Argus Enterprise and Excel, and the ability to model valuations.
Written/Oral Presentation Skills – the new team member must possess strong written and verbal skills and will be expected to present their findings, decisions, etc. and defend the same to internal and external stakeholders, including portfolio managers, internal/external auditors, service providers, and investors.
Required Qualifications, Capabilities and Skills
Strong understanding of and interest in alternative asset classes, including debt funds and direct investments in private companies.
Well-developed written and quantitative analysis skills, and a level of intellectual curiosity that will cause the individual to challenge their co-workers to share their professional knowledge and experience continuously.
Abstract reasoning skills, a high degree of organization, the ability to handle multiple tasks simultaneously.
Ability to self-start.
A minimum of seven years of prior experience in institutional real estate or other real asset valuations.
About Us JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Legal JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
#J-18808-Ljbffr
Asset Management - Real Estate Valuations - Vice President
role at
JPMorganChase .
Base pay range $160,000.00/yr - $215,000.00/yr
Job Description We are seeking a
Vice President
for our Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. Reporting to the Head of Valuations for Global Alternatives, the new team member will be responsible for the review of private market investment valuations, including equity and debt valuations of investments in JPMAM’s global commercial real estate funds and accounts, with an opportunity to expand into other real asset classes and private capital in the future. The role promotes ongoing contact between the Valuations Team, Head of Valuations, external valuers, seasoned asset managers, analysts/associates, and investment team members.
Specific Responsibilities
Understanding the three (3) appraisal approaches to value – income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; quickly identifying errors and issues, discussing concerns and issues raised by asset management; and communicating effectively with appraisers to bring resolution to value conclusions in accordance with required reporting timeframes.
Audit Support – responding to auditors’ questions and providing additional information for asset valuations.
Platform-wide initiatives – actively participating in initiatives to benefit the broader platform, such as training activities, process/technology enhancements, etc.
Communication with management and across functional areas – informing the Head of Valuations of difficulties/weaknesses in the valuation process and proposing potential solutions.
Investment Committee Presentation Reviews – attending/reviewing investment committee presentations for new acquisitions and originations and identifying appraisal risk/inconsistencies in the pricing of prospective acquisitions versus current appraisal pricing.
Financial Modeling – fluency in Argus Enterprise and Excel, and the ability to model valuations.
Written/Oral Presentation Skills – the new team member must possess strong written and verbal skills and will be expected to present their findings, decisions, etc. and defend the same to internal and external stakeholders, including portfolio managers, internal/external auditors, service providers, and investors.
Required Qualifications, Capabilities and Skills
Strong understanding of and interest in alternative asset classes, including debt funds and direct investments in private companies.
Well-developed written and quantitative analysis skills, and a level of intellectual curiosity that will cause the individual to challenge their co-workers to share their professional knowledge and experience continuously.
Abstract reasoning skills, a high degree of organization, the ability to handle multiple tasks simultaneously.
Ability to self-start.
A minimum of seven years of prior experience in institutional real estate or other real asset valuations.
About Us JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Legal JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Finance and Sales
#J-18808-Ljbffr