Associate Banker-Community Development Banking- Associate

Next Frontier Capital; United States; On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Comprehensive health care coverage

Retirement savings plan

Tuition reimbursement

Mental health support

Financial coaching

On-site health and wellness centers

Job summary

JPMorgan Chase & Co. is hiring a Community Development Banking Associate within the Commercial Real Estate team to support underwriting and approval of acquisition, construction, and permanent loans. You will report to a CDB Banker and support the San Francisco team.

The role involves working with originators, underwriters, and clients across development budgets, credit packages, and loan documentation, with limited travel and opportunities to engage with industry events.

Qualifications

• 2.5+ years’ experience in financing commercial real estate transactions
• Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
• BA/BS degree required
• Strong interpersonal skills for client and stakeholder interaction
• Team player with flexibility to adjust priorities
• Excellent written and verbal communication skills
• Proficient in MS Word, Excel, PowerPoint, and Outlook
• Limited travel required, occasionally overnight

Responsibilities

• Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
• Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
• Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
• Review legal documentation prior to closing for accuracy and consistency with credit approval terms
• Assist with client meetings/calls related to financings and attend JPMorganChase and industry events
• Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents

Skills

Interpersonal skills

Communication

Team player

MS Office

Travel flexibility

Education

BA/BS degree

Tools

MS Word

Excel

PowerPoint

Outlook

Job description

Become an integral part of a team that proudly supports vibrant and diverse neighborhoods by providing loans, investments, and services for low- and moderate-income households and communities nationwide!

J.P. Morgan Chase’s Community Development Banking (CDB) business is a national leader in community development finance for affordable housing and economic development projects. CDB offers financing for projects of any size and complexity, including construction financing, bridge loans, acquisition loans, letters of credit to support bond transactions, and long-term permanent financing for Low Income Housing Tax Credit (LIHTC) developments and bond purchases. Clients include for-profit and not-for-profit developers, government entities, and community-based organizations.

As a Community Development Banking Associate within our Commercial Real Estate team, you will provide support and assistance in the underwriting and approval process for acquisition, construction, and/or permanent loans sourced by senior banker colleagues. You will report to a CDB Banker and support all members of the San Francisco team.

Job Responsibilities:

• Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
• Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
• Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
• Review legal documentation prior to closing for accuracy and consistency with credit approval terms
• Assist with client meetings/calls related to financings and attend JPM Chase and industry events
• Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents

Required Qualifications, Skills, and Capabilities:

• 2.5+ years’ experience in financing commercial real estate transactions, including mixed income and affordable housing development projects
• Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
• BA/BS degree
• Strong interpersonal skills for client and stakeholder interaction
• Team player with flexibility to adjust priorities as needed
• Excellent written and verbal communication skills
• Proficient in MS Word, Excel, PowerPoint, and Outlook
• Limited travel required, occasionally overnight

Preferred Qualifications, Skills, and Capabilities:

• Formal bank credit training
• Knowledge of standard bank credit policies and loan administration procedures

This position is subject to Section 19 of the Federal Deposit Insurance Act. As such, an employment offer for this position is contingent on JPMorganChase’s review of criminal conviction history, including pretrial diversions or program entries.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more.

• Comprehensive health care coverage
• On-site health and wellness centers
• A retirement savings plan
• Backup childcare
• Tuition reimbursement
• Mental health support
• Financial coaching
• More

Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

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.

Join the national leader in community development finance for affordable housing and economic development projects