JPMorgan Chase Commercial Banker/Vice President - Community Development Banking (New Markets Tax Credits) - Los Angeles, CA; New York, NY; Chicago, IL; Washington, DC; or San Francisco, CA in Los Angeles, California
The Community Development Tax Credit (CDTC) Group is a part of Chase’s Commercial Bank Community Development Team, which delivers financial products to support development and revitalization of low- and moderate-income communities. The New Markets Tax Credit (NMTC) Originator will be a part of the team that manages the Bank's NMTC initiatives. The Originator will have responsibility for identifying, underwriting, structuring and closing NMTC equity investments. Additionally, the NMTC Originator will have responsibility for covering specified geographies, and developing and maintaining relationships with allocatees of the NMTCs, the legal community, accountants and consultants supporting the NMTC industry. The position will work with multiple lines of business within Chase including Community Development Real Estate, Community Development Financial Institution lending, Government & Non-Profit Banking, and Middle Market Banking to originate, structure and close NMTC debt transactions. The successful candidate will work in a fast-paced, entrepreneurial atmosphere that requires flexibility and attention to detail.
Major Functions (Principal Duties and Responsibilities):
Independently generate new NMTC investment opportunities through cultivation of prospects, calling on referral sources, and networking with centers of influence.
Support business development for NMTC-eligible transactions - work with JPMC Commercial Bankers, external contacts, sponsors and clients to identify and screen investing and lending opportunities.
Conduct due diligence for NMTC equity investments
Prepare term sheets and credit approval documents for NMTC equity investments
Create models for transactions involving multiple sources of capital, including NMTC equity
Lead deal teams consisting of internal and external partners to structure and close structured financings involving NMTC subsidy
Develop and maintain relationships with allocatees of the NMTCs
Assist in the reporting and compliance requirements of JPMorgan Chase's NMTC allocations
Participate in meetings with customers and internal management
Liaison with internal business groups
7+ years of credit analysis, structured finance or equity investment experience
Knowledge of and use of NMTCs strongly preferred.
Strong analytic and writing skills
Excellent project management skills with the ability to multi-task
Excellent interpersonal, communication and teamwork skills
Strong computer skills, including Excel, Word and PowerPoint
Demonstrated ability to work independently and within the context of a deal team
Demonstrated ability to motivate others to achieve client and deal team goals.
Demonstrated ability to simplify complex projects by focusing on key issues, activities and goals and identifying and acting upon a critical path
Demonstrated ability to identify obstacles and quickly create solutions
Bachelor Degree required
MBA or advanced degree a plus, but not required
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.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.