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Chase · 2 months ago

Associate Banker-Community Development Banking- Associate

401 E Jackson St Ste 3300, Tampa, FL, 33602, US

Full-time

Onsite

Entry, Mid Level

2+ years exp

Chase is a national leader in community development finance, focusing on affordable housing and economic development projects. As a Community Development Banking Senior Associate, you will support the underwriting and approval process for loans, collaborate with bankers, and maintain awareness of construction progress.

BankingFinancial Services

Responsibilities

Work with the team of Originating Bankers to gather all project related documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets. Duties will include analysis and adjustment, as necessary, of development budgets, operating statements, rent schedules, construction flow of funds, relevant personal and corporate financial statements, operating statements, market studies and other third-party reports

Work collaboratively with the assigned underwriter through the credit approval process, including closing calls, due diligence collection, and internal reporting requirements

Review legal documentation associated with the transaction prior to closing to determine accuracy of information and consistency with the terms of credit approval

Assist in handling client meetings and/or calls related to specific financings, and attend JPM Chase sponsored events and other affordable housing industry events, both during and after business hours

Maintain awareness of construction progress (appropriateness of draw requests, adequacy of debt and equity sources, time delays, cost overruns, usage of contingency funds, potential negative equity adjusters, and compliance with loan documents)

Qualification

Commercial real estate financingAffordable housing financingFederalStateLocal financing programsBank credit trainingPC skillsLoan administration knowledgeTeam collaborationWritten communicationVerbal communication

Required

2.5+ years' experience in the financing of commercial real estate transactions including familiarity with the financing of mixed income and affordable housing development projects

Experience with Federal, State and Local Affordable Housing/LIHTC financing programs required

BA/BS degree

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

Ability to work as a member of a team and adjust priorities as necessary to achieve team, as well as individual, goals

Excellent written and verbal communication skills

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

Limited travel is required, occasionally overnight