Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Job Summary
As a Vice President, Conventional Underwriter in the Agency Lending Credit Risk department, you will leverage your credit expertise with Fannie Mae and Freddie Mac multifamily loans to assess the creditworthiness of clients, properties, and markets for new loan originations.
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Job Responsibilities
- Evaluate and underwrite Freddie Mac and Fannie Mae conventional and small loan requests for various multifamily asset types nation-wide with thorough product knowledge of Agency guidelines.
- Independently manage the transaction, timeline, and deal team during the due diligence process with minimal supervision.
- Effectively communicate and collaborate with bankers, analysts, transaction managers, clients, brokers, legal counsel, Agency contacts, and other key stakeholders.
- Identify, analyze, and approve due diligence documents and third party reports (appraisal, engineering, environmental, and zoning reports) required for loan submission and approval. Provide timely comments and requests throughout the due diligence process to ensure accuracy and acceptability of information received.
- Analyze borrower organizational structure and required parties' financial statements, schedules of real estate owned, contingent liabilities, and credit histories.
- Conduct property site inspections and borrower interviews in accordance to Freddie Mac and Fannie Mae Guide requirements.
- Analyze property historical financial statements, budgets, rent rolls, third party reports, and market data to develop an underwriting cash flow proforma.
- Draft Transaction Approval Memos which effectively assesses the transaction strengths, risks, and mitigants identified in the evaluation of the quality of the collateral, compliance of the borrowing entity structure, creditworthiness of its key principals/guarantors, and the strength market.
- Present Transaction Approval Memo and underwriting cash flow proforma to Credit Risk for loan approval.
- Train and mentor junior underwriters and underwriting analysts.
- Contribute to platform infrastructure and processes through special projects.
Required qualifications, capabilities, and skills
- Bachelor's degree in Finance, Accounting, Real Estate, or Business Administration.
- Minimum 5 years of multifamily underwriting experience with Freddie Mac and/or Fannie Mae loans.
- Thorough product knowledge of Agency financing and underwriting guidelines, policies, and waivers.
- Strong financial analysis and modelling, verbal and written communication, critical thinking, and decision making skills.
- Strong organizational and execution skills including the ability to multitask, adapt to changing timelines, and flexibility with loan restructuring.
- Advance proficiency in Microsoft Excel and Word.
- Experience using Fannie Mae DUS applications (Gateway, DocWay, C&D, MAMP).
Preferred qualifications, capabilities, and skills
- Completion of a major corporate or commercial bank credit training program.
- Experience in using CLOSER (Commercial Loan Origination Securitization Enterprise Reporting) system.
- Master's Degree a plus.
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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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.