JP Morgan Chase & Co.

Asset Management - Commercial Real Estate Debt Underwriter - Associate

JP Morgan Chase & Co. • $110K — $130K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-5 years of real estate work experience
  • Excellent financial modeling skills, particularly in Excel; proficiency in Argus
  • Knowledge of cash flow and valuation analysis across office, industrial, retail, and multifamily sectors
  • Experience in deal management, focusing on risk identification and mitigation
  • Ability to manage multiple deals efficiently
  • Strong interpersonal skills for relationship management with various stakeholders
  • Excellent written and verbal communication skills
  • Highly organized with attention to detail
  • Strong quantitative and analytical skills
  • Team player with a proactive approach

Responsibilities

  • Underwrite potential lending opportunities for various funds
  • Analyze investments across the capital stack, from senior loans to mezzanine investments
  • Create complex financial models for real estate financing
  • Assist with loan modifications and restructurings
  • Conduct property and market research to identify investment risks
  • Support the deal execution process from underwriting to closing
  • Participate in internal memo preparation and due diligence

Benefits

  • Opportunity to work with a dynamic team in the real estate investment field
  • Exposure to various property types and investment strategies
  • Performance-based involvement from underwriting to asset management
  • Build strong professional relationships with industry peers
  • Potential for career growth within a leading investment firm
Full Job Description
JOB DESCRIPTION

Job Summary

As an Associate in the Real Estate Americas Debt Investment Team, you will play an integral role in identifying and underwriting prospective lending opportunities across various property types. You will formulate investment strategies and recommendations, review market research, prepare investment committee memos, and participate in investment committee presentations. You will also develop strong relationships with brokers, banks, borrowers, and industry peers.

Job Responsibilities

  • Underwrite potential lending opportunities for various funds and investment vehicles
  • Analyze investments up and down the capital stack, across multiple product types and risk profiles from senior loans to mezzanine investments
  • Create detailed and complex financial underwriting models for the financing of real estate investments
  • Assist with modifications and loan restructurings on an as needed basis
  • Perform property and market research through conversations with brokers, sponsors, market participants, and REA regional teams to understand the key risks of each investment and vet underwriting assumptions.
  • Assist in execution of deals from underwriting through closing
  • Conduct site inspections
  • Participate in the preparation of internal memos, due diligence, site inspections, managing documentation and the investment closing process
  • Communicate investment recommendations with senior leaders and the investment committee
  • Collaborate with Asset Management, Valuations, Finance, and other internal stakeholders
  • Provide support for the continuous asset management of existing investments

Required qualifications, capabilities and skills

  • 3- 5 years of real estate work experience.
  • Excellent financial modeling skills including high proficiency in Excel; Argus proficiency
  • Knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail, and multifamily sectors
  • Experience with deal management, including risk identification and structuring to mitigate risk
  • Ability to multi-task and work effectively on multiple deals with several originators
  • Strong interpersonal skills to establish and manage relationships with borrowers, mortgage bankers, participating lenders, lawyers, and team members.
  • Excellent written and verbal communication skills
  • Highly organized with a keen attention to detail
  • Strong quantitative and analytical skills
  • Desire to take initiative and be a team player.

Preferred qualifications, capabilities and skills

  • Previous experience in real estate, investment banking, private equity, credit, CMBS preferred
  • Prior responsibility for underwriting preferred.

Preferred location is Los Angeles; however, we will also consider qualified candidates based in Dallas or New York.


About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

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Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

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Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

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Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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