Risk Management - Credit Risk, Lead Credit Officer – Agency & Institutional Capital - Vice President

JPMorgan Chase & Co. • New York, NY

6d

About The Position

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
As a Vice President in the Risk Management - Multifamily Credit Risk team, you will leverage your credit training and previous experience with Fannie Mae and Freddie Mac multifamily loans to assess the creditworthiness of clients, properties, and markets for new loan originations.

Requirements

• BS or advanced degree with business focus
• Minimum of three plus years experience in commercial real estate which might include credit or structuring experience
• Significant CRE multifamily knowledge
• Strong verbal, written, and interpersonal skills
• Strong analytical and problem solving skills
• Advance proficiency in Microsoft Excel and Word.
• Experience with Fannie Mae and Freddie Mac applications

Nice To Haves

• Completion of a major corporate or commercial bank credit training program
• Experience in using CLOSER (Commercial Loan Origination Securitization Enterprise Reporting)

Responsibilities

• Evaluate and underwrite Freddie Mac and Fannie Mae conventional and small loan requests for various multifamily asset types nation-wide with thorough product knowledge of Agency guidelines.
• Independently manage the transaction, timeline, and deal team during the due diligence process with minimal supervision.
• Effectively communicate and collaborate with bankers, analysts, transaction managers, clients, brokers, legal counsel, Agency contacts, and other key stakeholders.
• Identify, analyze, and approve due diligence documents and third party reports (appraisal, engineering, environmental, and zoning reports) required for loan submission and approval. Provide timely comments and requests throughout the due diligence process to ensure accuracy and acceptability of information received.
• Analyze borrower organizational structure and required parties’ financial statements, schedules of real estate owned, contingent liabilities, and credit histories.
• Conduct property site inspections and borrower interviews in accordance to Freddie Mac and Fannie Mae Guide requirements.
• Analyze property historical financial statements, budgets, rent rolls, third party reports, and market data to develop an underwriting cash flow proforma.
• Draft Transaction Approval Memos which effectively assesses the transaction strengths, risks, and mitigants identified in the evaluation of the quality of the collateral, compliance of the borrowing entity structure, creditworthiness of its key principals/guarantors, and the strength market.
• Present Transaction Approval Memo and underwriting cash flow proforma to Credit Risk for loan approval.
• Train and mentor junior underwriters and underwriting analysts.
• Contribute to platform infrastructure and processes through special projects.

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