NewYorkRecruiter Since 2001
the smart solution for New York jobs

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

Responsibilities:

  • 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

Qualifications:

  • 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

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest New York jobs by following @recnetNY on Twitter!

New York RSS job feeds