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Chase · 1 day ago

Permanent Lending Relationship Manager - Community Development Banking - Vice President

10 S Dearborn St, Chicago, IL, 60603, US

Full-time

Onsite

Mid, Senior Level

$104K/yr - $165K/yr

7+ years exp

JPMorgan Chase Bank is a national leader in community development finance for affordable housing and economic development projects. As a Permanent Lending Relationship Manager, you will manage a portfolio of permanent loans, lead underwriting processes, and engage with clients focused on multifamily affordable rental housing.

BankingFinancial Services

Responsibilities

Prepare conversion and credit underwriting packages by reviewing operating statements, rent rolls, cash flow forecasts, project budgets and loan documents to identify any changes in performance and risks upon the property’s stabilization. Lead the Community Development Banking deal team in conference calls with clients, attorneys, and equity partners to coordinate permanent loan conversion closings; and support post-closing follow-up with internal business partners. Evaluate and recommend adjustments to the final funding of permanent loan commitments as part of the conversion to permanent financing

Serve as the primary point of contact for client requests regarding loan servicing requests; facilitate and respond to client loan inquiries; and collaborate with clients on maturing loan payoff and take-outs

Manage risk issues on an active book of loans in collaboration with the Credit Risk team. Review and report on adversely classified loans, delinquencies, and maturing loans to mitigate risk issues and address performance concerns

Originate multifamily affordable housing term loans for the JPMC balance sheet and curate referrals for the Agency Lending loan programs

Apply established underwriting standards and guidelines, understand credit approval requirements, and other policies and procedures associated with permanent loan conversions, loan modifications, and loan restructuring

Assist with training and development of associates and analysts on the team

Qualification

Commercial real estate creditReal estate underwritingAffordable housing financeLow Income Housing Tax CreditFinancial analysisLoan modificationsDebt restructuringAnalytical skillsBusiness writingMicrosoft products proficiencyCommunication skillsInterpersonal skillsTeam collaboration

Required

Seven or more years in commercial real estate credit, real estate underwriting, and/or multifamily affordable housing. Related experience may include affordable multifamily credit underwriting, affordable housing development, property operations and management; or Low-Income Housing Tax Credit investor/syndicator asset management

Strong analytical and business writing skills; a mindset oriented to due diligence and financial analysis; accounting and finance knowledge, as well as strong knowledge of real estate fundamentals and concepts in affordable housing

Excellent communication skills, including the ability to clearly express and support opinions in a confident and diplomatic manner, listen thoughtfully to the input and critiques of managers and team members, and effectively articulate positions to senior management

Superior interpersonal skills to interact with clients, counsel, products partners, and senior management

Intermediate to expert proficiency in Microsoft products, including Word, Excel and Teams

Bachelor's degree required

Preferred

Demonstrated experience with affordable housing finance; Low Income Housing Tax Credit transactions; and/or agency lending (Fannie Mae/Freddie Mac) is preferred

Experience with loan modifications; consent requests; debt restructuring, workouts and dispositions experience is also advantageous

Experience working with state housing finance agency Low Income Housing Tax Credit administration and subordinate debt programs; tax exempt bond financing; and/or U.S. Department of Housing & Urban Development (HUD) subsidy programs