Trader [Multiple Positions Available]

JPMorgan Chase & Co.•New York, NY

10h•$260,000 - $285,000•Onsite

About The Position

JPMorgan Chase & Co. is seeking a Trader to join their Commercial & Investment Bank. This role involves reviewing and commenting on underwriting models, metrics, and pricing for commercial real estate loans. The Trader will lead committee presentations, engage with various internal teams and external clients, and pursue deals in an originator capacity. Responsibilities also include reviewing loan agreements, leading closing calls, managing client meetings, coordinating presentations, and participating in recruitment efforts, including leading the internship program. The position requires up to 10% domestic travel.

Requirements

Bachelor's degree in Applied Mathematics, Economics, Finance, or related field of study
Five (5) years of experience in the job offered or as Trader, Commercial Mortgage-Backed Securities Analyst/Trader, Sales/Trading Associate, or related occupation.
Five (5) years of experience with discounted cash flow models
Five (5) years of experience with interest rates and amortization schedules
Five (5) years of experience with bond mathematics
Five (5) years of experience with time value of money, net present value, and CMBS bond pricing, structure, and ratings
Five (5) years of experience with CMBS profitability, stress loss, horizontal risk retention, vertical risk retention, mezzanine loans and CMBS capital structure
Five (5) years of experience with IRR
Five (5) years of experience with loan metrics including debt yield, LTV, DSCR, look-through LTV, and cap rate
Five (5) years of experience with Bloomberg terminal for company ratings, company financials, charting, interest rates, and swaps
Five (5) years of experience analyzing and generating CoStar submarket and market reports
Five (5) years of experience interpreting CoStar property- and market-level data
Five (5) years of experience using Excel for cash flow modeling, including lookup and index formulas, graphs and tables, shortcuts, and sorting and manipulating large data sets
Five (5) years of experience interpreting Greenstreet mall sales data
Five (5) years of experience with real capital analytics
Five (5) years of experience with real estate analytics
Five (5) years of experience with credit risk analytics
Five (5) years of experience with REIS
Five (5) years of experience with Fitch, Moody's, S&P, KBRA, and DBRS analysis and underwriting of offices, retail properties, multifamily properties, hotels, industrial properties, manufacturing properties, and storage properties
Five (5) years of experience with credit analysis of bridge and construction loans
Five (5) years of experience analyzing and interpreting financial, credit, and operational information including company financial metrics, credit reports, and operating performance data
Five (5) years of experience analyzing and interpreting real estate due diligence materials including appraisals, environmental assessments, property condition reports, surveys, zoning reports, and lease information
Five (5) years of experience analyzing and interpreting legal and transaction documentation including litigation disclosures, public records, loan agreements, and tax abatements
Five (5) years of experience analyzing and interpreting construction and capital planning information including construction budgets, capital expenditure budgets, and project draw information

Responsibilities

Review and comment on underwriting models, metrics charts, and pricing requests for new commercial real estate loan origination and deals.
Review committee memos drafted by analysts and associates.
Lead preliminary and final committee presentations and Q&A sessions as the main underwriter on deals.
Engage vendors and authorize document release on behalf of the company.
Guide and oversee team members in their day-to-day assignments.
Engage with the Capital Markets team, Trading Desk, Transaction Managers, Credit, Commercial Real Estate Loan Solutions, and upper management on client requests, new commercial real estate loan opportunities, rating agency and B-Buyer feedback, conduit and SASB commercial mortgage-backed securities (CMBS) deal pricing and appetite, and bespoke deal solutions.
Communicate with clients on loan proposals, credit committee decisions, and overall loan agreement negotiations.
Pursue deals and clients in an originator capacity and work to individually close deals or bring in more business.
Review loan agreements and issues lists.
Lead recurring closing calls on live deals and overall deal closing.
Set up and run individual client meetings at offsites and conferences.
Coordinate year-end presentations and analyses put together by analysts and associates.
Conduct Superday interviews for recruitment and interview potential new candidates for analyst and associate roles.
Lead the internship program including placement of intern pool into individual desks, planning assignments, coordinating final presentations and gathering feedback, and communicating hiring decisions.