JPMorgan Chase CIB - Tax Oriented Investments - Underwriter - Vice President in Chicago, Illinois
Underwriter - Analyst
Direct Affordable Housing within J.P.Morgan’s Tax Oriented Investments (TOI) seeks an Underwriter – Analyst, reporting to Head of Underwriting, to join transaction teams that underwrite, structure and close equity investments in affordable apartment communities being developed or preserved across the country through the use of the Low Income Housing Tax Credit program. As a member of the transaction team, the Analyst will perform various tasks analyzing the underlying real estate project in support of the Senior Underwriter and Originator.
Assisting Senior Underwriters with preliminary feasibility analysis of prospective investment opportunities received from syndicators;
Preparing internal preliminary approval presentations and updating data base;
Preparing site visit packages for Transaction Manager and, when appropriate, participating in interviews of developers and other development team members;
Assisting Senior Underwriters analyzing the adequacy of third-party market studies and other data (e.g., appraisals, reports, etc.) for prospective markets;
Performing independent research and analysis of demographic / socio-economic conditions of the prospective market;
Analyzing proposed pro forma rents, operating budgets and, as applicable, federal and other subsidy programs (e.g., Section 8, Public Housing, etc.);
Assisting Senior Underwriter reviewing project documents (e.g., loan documents, regulatory agreements, etc.) for conformance to acquisition guidelines and consistency with transaction modeling;
Assisting Senior Underwriter with due diligence document control, including checklist management with syndicators, developers and outside legal counsel;
Assisting with the preparation of Investment Summary for review by Transaction Manager and approval by Investment Committee;
Participating in presentation of proposed investment to Investment Committee;
Assisting with final closing as well as post-transaction closing administrative tasks and hand-off of transaction to Pre-Stabilized group; and
Participating in meetings with syndicators and fostering a professional relationship among syndicator partners and industry colleagues.
Graduate of an undergraduate program in business, finance, real estate, urban planning or other related field is a plus.
Strong analytical and problem solving skills.
Superior communication (written and verbal presentation) and quantitative skills.
Advanced PC skills with experience working with spread sheets and databases.
Detail-oriented and accurate, with a strong desire to learn and excel.
Ability to work independently and interact with different levels of management.
Ability to prioritize workload and competing demands for time and attention.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.