JPMorgan Chase Asset Management- Underwriter- VP in New York, New York
Underwriter responsible for underwriting commercial mortgage loans for various funds and separately managed accounts.
Size and make recommendations on new prospective investments
Help prepare quote letters and loan applications
Present prospective investments to internal investment committee for approval
Conduct property and market due diligence to vet underwriting assumption
Prepare internal valuations which include base case and downside scenarios
Manage the due diligence process and prepare loan approval memos
Assist with the closing process which includes preparing closing statements and the coordination of loan funding with internal operations
A minimum of 5 years experience with an institutional real estate investor or lender with responsibility for real estate underwriting including:
Extensive knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail and multifamily sectors.
Ability to analyze real estate markets and sub-markets and the positioning of the subject property within them.
Strong analytical skills. Ability to model complex financial structures. Proficiency in Argus property/portfolio modeling software as well as excel.
Seasoned credit skills with ability to prepare credit memo and present to credit committee.
Ideal candidate will also have significant experience with deal management of complex, large loans and/or subordinate financing including:
Proven risk identification and structuring skills to mitigate risks.
Working knowledge of loan documentation (including intercreditor agreements) and experience managing legal aspects of transactions.
Ability to review and analyze third party reports including engineering, environmental and appraisal analyses.
Comprehensive understanding of all aspects of the closing and funding process.
Superb interpersonal skills to establish and manage relationships with borrowers, mortgage bankers, participating lenders, lawyers and team members.
Experience should include exposure to the public markets, rating agencies and CMBS and REIT markets but does not require extensive investment experience.
Highly organized, diligent and detail oriented.
Strong project management skills to manage a large volume of workflow.
Excellent written and verbal communication skills.
Formal credit training is desired, but not requisite.
Significant initiative and team orientation required.
Experience must demonstrate that the candidate has all of the skills listed above.
JPMorgan Chase & Co., 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 recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
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As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
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