Securitized Products Group - CMBS Capital Markets - Analyst

Next Frontier Capital; New York (NY); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Competitive pay

Health insurance

Retirement plan

Tuition reimbursement

Mental health support

Job summary

JPMorgan Chase & Co. in New York seeks an Analyst to support the CMBS Capital Markets team responsible for origination, securitization, rating and primary distribution of CMBS and CRE CLO transactions.

You will interface with origination, trading, legal, rating agencies and investors; review loan docs, run data tapes, and analyze mortgages and properties. Strong quantitative skills and Excel/PowerPoint proficiency are essential.

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 principles and quantitative modeling.
• Ability to analyze large market data and incorporate findings into valuation models.
• Proficiency with Excel and PowerPoint.
• Creative problem solving under pressure and strong attention to detail.
• Clear, logical thinker with strong quantitative abilities.
• Excellent prioritization and self-management skills.
• Effective communication with partners, clients and rating agencies.
• Strong team player.

Responsibilities

• Interfacing with origination teams, trading desks, counsel, rating agencies, and investors to manage securitization.
• Reviewing loan documentation and due diligence to prepare data tapes and term sheets.
• Analyzing underlying mortgages and properties in CMBS/CLO contexts.
• Marketing primary issuance securitizations to investors.
• Collaborating with financial institutions, REITs, private equity and hedge funds to execute securitizations.

Skills

Structured finance

MBS/CMBS

Excel

PowerPoint

Analytical skills

Communication

Team player

Risk assessment

Education

Bachelor's degree or higher in Finance/Economics/Engineering/Mathematics

Tools

Intex

Bloomberg

CoStar

Job description

Be at the center of U.S. commercial real estate capital markets—help bring complex securitizations to life from structuring through primary distribution.

Job summary

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

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

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. Help structure, securitize, and distribute CMBS, CRE CLO, and other CRE-backed transactions across U.S. markets.