Community Development Banker - Commercial Banking - Vice President

JPMorgan Chase • Los Angeles, CA • 2h ago

You are customer focused, enjoy building relationships and providing financial advice to your clients. A role as a Community Development Banker is for you.

As a Community Development Banker within Commercial Real Estate, you will be an integral part of the team that is proud to support 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. Through our resources, 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 developments and bond purchases. CDB's clients include: For-profit and not-for-profit developers; Government entities engaged in housing and economic development; and Community-based organizations.

Job Responsibilities:

Identify and proactively pursue appropriate debt and deposit opportunities

Appropriately assess transactional risk via thorough knowledge of sponsor, financial, legal, construction management and market issues

Represent the Bank in negotiation of acceptable credit terms and structure for complicated transactions

Work with a dedicated underwriting team to insure the timely completion of due diligence and preparation of comprehensive credit approval packages

Work with closing staff and legal counsel to insure that the documentation for each transaction is accurate, appropriate, and consistent with the terms of credit approval

Communicate with the loan administration unit to maintain awareness of construction progress, appropriateness of draw requests, adequacy of debt and equity sources, time delays, cost overruns, usage of contingency funds and compliance with legal documents

Surface issues as they arise with the client to ensure good customer service and adequate protection of the bank

Represent the Bank professionally at industry-related conferences and other such events

Required qualifications, capabilities, and skills:

Five plus years' experience in the affordable housing industry

Five plus years' experience structuring, underwriting, closing, and administering commercial real estate construction loans for affordable multifamily housing

Demonstrated success serving clients in the affordable housing industry

Understanding and knowledge of standard bank credit policies and loan administration procedures

Ability to work independently and with minimal supervision and direction

Ability to interact favorably in person and on the telephone with prospects, clients, consultants, government agency staff, legal counsel, and team members

Ability to collaborate with the team and adjust priorities to achieve team, as well as individual, goals

Excellent written and verbal communication skills

Strong analytical and PC skills; proficient in MS Word, Excel, and PowerPoint

Valid driver's license for periodic overnight domestic travel

Bachelor's degree required

MBA degree and formal credit training preferred

Strong familiarity with the market

Preferred qualifications, capabilities, and skills :

MBA degree and formal credit training preferred

Strong familiarity with the market

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. 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. Additional details about total compensation and benefits will be provided during the hiring process.

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