Associate Banker-Community Development Banking- Associate

JPMorgan Chase & Co. • Los Angeles, CA

16h

About The Position

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.

Requirements

• 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

Nice To Haves

• Formal bank credit training
• Knowledge of standard bank credit policies and loan administration procedures

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

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees