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Chase · 18 hours ago

Asset Management - Real Estate Valuations - Vice President

390 Madison Ave, New York, NY, 10017, US

Full-time

Onsite

Mid, Senior Level

$160K/yr - $215K/yr

7+ years exp

Chase is a leading financial institution offering innovative financial solutions, and they are seeking a Vice President for their Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. The role involves reviewing private market investment valuations and promoting ongoing contact with various stakeholders to ensure accurate and timely valuation processes.

BankingFinancial Services

Responsibilities

Understanding the three (3) appraisal approaches to value – income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; quickly identifying errors and issues, discussing concerns and issues raised by asset management; and communicating effectively with appraisers to bring resolution to value conclusions in accordance with required reporting timeframes

Audit Support – Responding to auditors’ questions and providing additional information when needed for asset valuations

Platform-wide initiatives – Actively participating in initiatives to benefit the broader platform, such as training activities, process/technology enhancements, etc

Communication with management and across functional areas – Informing the Head of Valuations of difficulties/weaknesses in the valuation process and proposing potential solutions

Investment Committee Presentation Reviews – Attending/reviewing investment committee presentations for new acquisitions and originations and identifying appraisal risk/inconsistencies in the pricing of prospective acquisitions versus current appraisal pricing

Financial Modeling - fluency in Argus Enterprise and Excel, and the ability to model valuations is required

Written/Oral Presentation Skills - the new team member must possess strong written and verbal skills and will be expected to present their findings, decisions, etc. and defend the same to internal and external stakeholders, including portfolio managers, internal/external auditors, service providers, and investors

Qualification

Real estate valuationsFinancial modelingAlternative asset classesQuantitative analysisWritten communicationOral presentationAbstract reasoningOrganizational skillsSelf-starterTeam collaboration

Required

Strong understanding of and interest in alternative asset classes, including debt funds and direct investments in private companies

Possess well-developed written and quantitative analysis skills, and a level of intellectual curiosity that will cause the individual to challenge their co-workers to share their professional knowledge and experience continuously

Abstract reasoning skills, a high degree of organization, the ability to handle multiple tasks simultaneously

Ability to self-start are all attributes that contribute to success in this position

A minimum of seven years of prior experience in institutional real estate or other real asset valuations is required