Structured Finance Manager - Community Development Banking - Commercial Real Estate- Associate
Job Description
The Structured Finance Manager will be joining a very successful team of experienced professionals who are dedicated to investing historic tax credit equity in commercial real estate projects. The Community Development Tax Credit (CDTC) Group is a part of Chase's Commercial & Investment Bank (CIB) Community Development Banking Team.
The Structured Finance Manager will be part of the national team that manages the CIB's Historic Tax Credit initiative which is frequently paired with other business lines within the CIB, including affordable housing lending, new market tax credits, among others. As a successful candidate you will work in an energetic and varied atmosphere that requires attention to detail and flexibility. Responsibilities will include overseeing a defined portfolio of equity investments; compliance monitoring and reporting, conducting analysis of commercial real estate project viability including the review of legal documents, financial statements, market studies and appraisals, debt and other capital stack sources and uses; prepare and present approval packages to internal investment committees; perform construction, environmental and historic preservation review; and foster meaningful developer, property management, accountant and attorney relationships.
Job Summary
You will be joining a very successful team of experienced professionals who are dedicated to investing tax equity in a growing portfolio of commercial real estate projects. You will primarily focus on the asset and risk management of the community development tax credit portfolio with opportunity to participate in business development, interact with other business lines in the Commercial & Investment Bank, as well as foster external relationships with developers and industry stakeholders. Formal title will be determined based on experience
Job Responsibilities
- Portfolio Management: Independently manage a dedicated commercial real estate portfolio of select investments.
- Primary Contact: Serve as a primary point of contact with real estate sponsor teams in conjunction with the Structured Finance team.
- Project Feasibility Assessment: Assess a project's feasibility by conducting a thorough review of due diligence, including financial statements, financial projections, market studies/appraisals, debt terms, other capital stack sources, construction documents, and other related diligence.
- Investment Presentation: Present potential investment opportunities and credit analysis to the Investment Committee for approval.
- Closing and Documentation: Lead the closing and documentation process on new, assigned equity investments.
- Capital Contribution Coordination: Coordinate requirements for capital contribution requests.
- Risk Mitigation and Conflict Resolution: Mitigate risk by properly evaluating and monitoring compliance and reporting, including financial and tax statements, leasing/occupancy, construction progress, and other relevant data. Escalate issues and proactively prepare recommendations of strategies to resolve pending or current issues within the portfolio.
- Investment Returns Evaluation: Evaluate, issue, and collect expected investment returns.
- Initiatives and Project Participation: Participate and contribute to new initiatives as well as ad hoc projects.
- Tax Credit Expertise: Build expertise in Historic Tax Credits, LIHTCs, NMTC, and Energy Tax Credits.
- Relationship Building: Foster meaningful relationships by collaborating with other internal partners as well as external clients, industry partners and relevant stakeholders.
- Professional Development: Participate in professional development opportunities as well as industry-related events.
Required qualifications, capabilities, and skills
- Requires a minimum of 3+ years of experience in commercial real estate, including credit analysis and financial/tax modeling. A CPA license is strongly desired.
- Strong understanding of financial reports, tax returns, partnership agreements and financing agreements.
- Must be motivated to think critically, work independently and within the context of a deal team.
- Thrive under a fast-paced environment, handling multiple responsibilities simultaneously and adapting focus according to changing priorities.
- Exceptional written and verbal communication abilities that highlight analytical expertise and attention to detail.
- Command of MS Office programs, including Excel.
- Ability to travel periodically.
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products.
Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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