JP Morgan Chase & Co.

Structured Finance Management - Commercial Real Estate, Community Development Banking - Senior Associate

JP Morgan Chase & Co. • $90K — $120K *
Chicago, IL 60629In-Person
Finance & Insurance
Less than 5 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • Minimum 2 years of experience in banking, lending, or credit.
  • Strong analytical and writing skills.
  • Excellent interpersonal, communication, and teamwork abilities.
  • Proficient in computer skills.
  • Bachelor's degree preferred.
  • Completion of a major corporate bank credit training program preferred.

Responsibilities

  • Prepare credit approval documents for Community Development Tax Credit equity investments.
  • Execute closing activities in partnership with project team members and internal stakeholders.
  • Assist in creating monthly, quarterly, and semi-annual investment reports.
  • Perform reporting of community development project impact to the U.S. Treasury.
  • Maintain ticklers for internal and external reporting.
  • Assist in program compliance reviews during closing of New Market Tax Credit investments.
  • Collaborate with QALICBs, CDEs, and lenders to ensure accurate transaction flow post-close.

Benefits

  • Opportunity to work in a fast-paced, entrepreneurial environment.
  • Role as a primary liaison with Community Development Entities and project borrowers.
  • Exposure to high-impact community development initiatives.
  • Collaboration with diverse teams including Project Team, Chase Credit, and Legal.
  • Involvement in significant compliance and reporting processes.
Full Job Description
Job Description

As a Structured Finance Management Senior Associate on the Community Development Banking team, you will play a key role in managing the bank's New Markets Tax Credits (NMTC) and State Tax Credits initiatives. You will serve as the primary point of contact for Community Development Entities (CDEs) and project borrowers (QALICBs) following the closing of a New Markets Tax Credit transaction. Additionally, you will act as the business-side liaison between our clients and the internal groups that service our Tax Credit transactions. The ideal candidate will excel in a fast-paced, entrepreneurial environment, showcasing adaptability and keen attention to detail.

Job Responsibilities
  • Prepare credit approval documents for Community Development Tax Credit equity investments
  • Execute closing activities in partnership with project team members and internal stakeholders.
  • Assist in creating monthly, quarterly, and semi-annual investment reports.
  • Perform reporting of community development project impact and program reporting to the U.S. Treasury.
  • Maintain ticklers for internal and external reporting.
  • Assist in program compliance reviews and manage organizational tasks required during the closing of New Market Tax Credit investments.
  • Collaborate with QALICBs, CDEs, and lenders post-close to ensure accurate transaction flow during the 7-year compliance period.
  • Partner closely with the Project Team members, Chase Credit, and Legal on distressed projects


Required qualifications, skills, and capabilities
  • Minimum 2 years of experience in banking, lending, or credit.
  • Strong analytical and writing skills.
  • Excellent interpersonal, communication, and teamwork abilities.
  • Proficient in computer skills.


Preferred qualifications, skills, and capabilities
  • Bachelor's degree preferred.
  • Completion of a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience) preferred.


The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.

About the Team

J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.

Global Investment Banking supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise.

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.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

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.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

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.

Acing the Interview

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
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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