Securitized Products Group - CMBS Capital Markets - Analyst

Fairygodboss; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

JPMorgan Chase & Co. in New York is seeking an Analyst to join the CMBS Capital Markets team. You will help securitize CRE loans and participate in the distribution of CMBS, CRE CLOs, and related transactions.

The role provides exposure to the US commercial real estate sector, interaction with lenders, rating agencies, and investors, and requires strong quantitative and analytical skills.

Qualifications

• 1-3 years of experience in structured finance, processing MBS/CMBS transactions
• Bachelor's degree or higher in a finance-related field such as Economics, Finance, Engineering or Mathematics
• Firm understanding of finance, operations, and mathematical modeling
• Ability to analyze large data and incorporate findings into valuation models
• Proficiency with Excel and PowerPoint

Responsibilities

• Interfacing with origination teams, CMBS trading desk, external counsel, rating agencies, and investors to manage securitization
• Review loan documentation and due diligence to prepare data tapes and term sheets
• Analyze underlying mortgages and properties in CMBS and CLO securitizations
• Market primary issuance securitizations to potential investors
• Collaborate with clients to execute securitizations on principal or agented basis

Skills

Structured finance knowledge

Excel proficiency

Analytical thinking

Strong communication skills

Detail-oriented

Multi-tasking

Team player

Education

Bachelor's degree or higher in finance/economics/engineering/mathematics

Tools

Intex

Bloomberg

CoStar

Job description

Job summary

Be at the center of U.S. commercial real estate capital markets-help bring complex securitizations to life from structuring through primary distribution. The CMBS business within the Securitized Products Group ("SPG") originates fixed and floating rate commercial real estate loans and securitizes them on a principal basis in fixed rate conduit CMBS and fixed and floating rate single asset/single borrower ("SASB") CMBS. The group works with a diverse range of clients including private equity and real estate debt funds, real estate investment trusts, hedge funds and sophisticated, high net worth individual investors.

The CMBS Capital Markets team oversees the securitization, rating, structure and primary distribution of new issuance agency and non agency (private label) CMBS, CRE CLO and other CRE backed transactions executed in both principal and agented capacities. As an Analyst within the CMBS Capital Markets team, you will gain extensive exposure to the entire U.S. commercial real estate sector and interface with participants and stakeholders in various aspects of the industry and securitization process.

Job responsibilities

• Interfacing with J.P. Morgan's commercial mortgage origination team, CMBS trading desk, external legal counsel, rating agencies, accountants and investors in order to manage the securitization process


• Reviewing loan documentation and due diligence to prepare transaction data tapes and summary term sheets


• Analyzing underlying mortgages and real estate properties in conjunction with the execution of CMBS and CLOs


• Marketing primary issuance fixed rate, floating rate, NPL and CLO securitizations to potential investors


• Working with a variety of clients (financial institutions, REITs, private equity funds and hedge funds) to execute bespoke commercial real estate securitizations on a principal or agented basis

Required qualifications, capabilities, and skills

• 1-3 years of experience in structured finance, processing MBS/CMBS transactions


• Bachelor's degree or higher, ideally in a finance-related field of study such as Economics, Finance, Engineering or Mathematics


• Firm understanding of the principles of finance, business operations, and mathematical and/or statistical modeling


• Ability to collect and analyze large amounts of market information, extract its essence and incorporate the findings into valuation models and processes


• Strong user of widely used technical tools such as Excel and PowerPoint


• Creative problem solver with ability to perform well under pressure


• Clear, logical thinker with strong quantitative abilities


• Detail oriented, with a highly disciplined approach to process and quality control


• Ability to learn quickly, multi-task and self-manage priorities


• Effective communication skills to interact functional partners, clients and rating agencies


• Strong team player

Preferred qualifications, capabilities, and skills

• Prior capital markets experience in CMBS (Conduit, SASB, CRE CLO) deal execution


• Experience with Intex, Bloomberg, CoStar or other fixed income analytical tools

ABOUT US

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

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. 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

ABOUT THE TEAM

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.