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Asset Management - Alternatives Commercial Mortgage Loan Group Underwriter - Vice President

Company: JPMorgan Chase & Co.
Location: New York
Posted on: June 12, 2021

Job Description:

Commercial Mortgage Loan Group - JPMorgan Asset Management, Private Credit

Vice President - Underwriter


  • 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.

Keywords: JPMorgan Chase & Co., New York , Asset Management - Alternatives Commercial Mortgage Loan Group Underwriter - Vice President, Other , New York, New York

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