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Community Development Banker - Commercial Banking - Vice President

JPMorgan Chase Bank • Full-time • Los Angeles, CA • $133k - $235k / year • 2m ago

Community Development Banker - Commercial Banking - Vice President

Location: Los Angeles, CA

Employment Type: Full-time

Requisition ID: 210737026

About the Employer

JPMorganChase is one of the oldest financial institutions, offering 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. With a history spanning over 200 years, the company is a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world, serving clients including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.

Role Summary

As a Community Development Banker within Commercial Real Estate, you will be an integral part of the team that 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 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 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.

What You'll Do

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 ensure the timely completion of due diligence and preparation of comprehensive credit approval packages
Work with closing staff and legal counsel to ensure 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

Five or more years of experience in the affordable housing industry
Five or more years of 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

Preferred Qualifications

MBA degree and formal credit training
Strong familiarity with the market

Compensation

$133,000–$235,000

Benefits

Comprehensive health care coverage, on-site health and wellness centers, retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. 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.

Equal Opportunity Statement

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans. The company does 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.

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