Associate Banker-Community Development Banking- Associate
Los Angeles Staffing, San Francisco, California, United States, 94199
Community Development Banking Associate
Become an integral part of a team that proudly supports 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. 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 (LIHTC) developments and bond purchases. Clients include for-profit and not-for-profit developers, government entities, and community-based organizations. As a Community Development Banking Associate within our Commercial Real Estate team, you will provide support and assistance in the underwriting and approval process for acquisition, construction, and/or permanent loans sourced by senior banker colleagues. You will report to a CDB Banker and support all members of the Tampa team.
Job Responsibilities
Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
Review legal documentation prior to closing for accuracy and consistency with credit approval terms
Assist with client meetings/calls related to financings and attend JPM Chase and industry events
Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents
Required Qualifications, Skills, and Capabilities
2.5+ years' experience in financing commercial real estate transactions, including mixed income and affordable housing development projects
Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
BA/BS degree
Strong interpersonal skills for client and stakeholder interaction
Team player with flexibility to adjust priorities as needed
Excellent written and verbal communication skills
Proficient in MS Word, Excel, PowerPoint, and Outlook
Limited travel required, occasionally overnight
Preferred Qualifications, Skills, and Capabilities
Formal bank credit training
Knowledge of standard bank credit policies and loan administration procedures
This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary Los Angeles,CA $115,000.00 - $145,000.00 / year; San Francisco,CA $115,000.00 - $145,000.00 / year
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Job Responsibilities
Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
Review legal documentation prior to closing for accuracy and consistency with credit approval terms
Assist with client meetings/calls related to financings and attend JPM Chase and industry events
Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents
Required Qualifications, Skills, and Capabilities
2.5+ years' experience in financing commercial real estate transactions, including mixed income and affordable housing development projects
Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
BA/BS degree
Strong interpersonal skills for client and stakeholder interaction
Team player with flexibility to adjust priorities as needed
Excellent written and verbal communication skills
Proficient in MS Word, Excel, PowerPoint, and Outlook
Limited travel required, occasionally overnight
Preferred Qualifications, Skills, and Capabilities
Formal bank credit training
Knowledge of standard bank credit policies and loan administration procedures
This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase's review of criminal conviction history, including pretrial diversions or program entries.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
Base Pay/Salary Los Angeles,CA $115,000.00 - $145,000.00 / year; San Francisco,CA $115,000.00 - $145,000.00 / year
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