Asset Management - Commercial Real Estate Debt Underwriter - Associate

JPMorgan Chase & Co.•Los Angeles, CA

1d•$148,000 - $235,000•Remote

About The Position

As an Associate in the Real Estate Americas Debt Investment Team, you will play an integral role in identifying and underwriting prospective lending opportunities across various property types. You will formulate investment strategies and recommendations, review market research, prepare investment committee memos, and participate in investment committee presentations. You will also develop strong relationships with brokers, banks, borrowers, and industry peers.

Requirements

3- 5 years of real estate work experience.
Excellent financial modeling skills including high proficiency in Excel; Argus proficiency
Knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail, and multifamily sectors
Experience with deal management, including risk identification and structuring to mitigate risk
Ability to multi-task and work effectively on multiple deals with several originators
Strong interpersonal skills to establish and manage relationships with borrowers, mortgage bankers, participating lenders, lawyers, and team members.
Excellent written and verbal communication skills
Highly organized with a keen attention to detail
Strong quantitative and analytical skills
Desire to take initiative and be a team player.

Nice To Haves

Previous experience in real estate, investment banking, private equity, credit, CMBS preferred
Prior responsibility for underwriting preferred.

Responsibilities

Underwrite potential lending opportunities for various funds and investment vehicles
Analyze investments up and down the capital stack, across multiple product types and risk profiles from senior loans to mezzanine investments
Create detailed and complex financial underwriting models for the financing of real estate investments
Assist with modifications and loan restructurings on an as needed basis
Perform property and market research through conversations with brokers, sponsors, market participants, and REA regional teams to understand the key risks of each investment and vet underwriting assumptions.
Assist in execution of deals from underwriting through closing
Conduct site inspections
Participate in the preparation of internal memos, due diligence, site inspections, managing documentation and the investment closing process
Communicate investment recommendations with senior leaders and the investment committee
Collaborate with Asset Management, Valuations, Finance, and other internal stakeholders
Provide support for the continuous asset management of existing investments