Chase · 1 week ago
Associate Banker-Community Development Banking- Associate
300 S Grand Ave, Los Angeles, CA, 90071, US
Full-time
Onsite
Entry Level
$115K/yr - $145K/yr
2+ years expJ.P. Morgan Chase is a leader in community development finance, providing loans and services for low- and moderate-income households. The Community Development Banking Associate will support the underwriting and approval process for various loans, collaborating with senior bankers and underwriters while ensuring compliance and accuracy in documentation.
BankingFinancial Services
Responsibilities
Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets
Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports
Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting
Review legal documentation prior to closing for accuracy and consistency with credit approval terms
Assist with client meetings/calls related to financings and attend JPM Chase and industry events
Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents
Qualification
Required
2.5+ years' experience in financing commercial real estate transactions, including mixed income and affordable housing development projects
Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs
BA/BS degree
Strong interpersonal skills for client and stakeholder interaction
Team player with flexibility to adjust priorities as needed
Excellent written and verbal communication skills
Proficient in MS Word, Excel, PowerPoint, and Outlook
Limited travel required, occasionally overnight
Preferred
Formal bank credit training
Knowledge of standard bank credit policies and loan administration procedures
Benefits
Comprehensive health care coverage
On-site health and wellness centers
A retirement savings plan
Backup childcare
Tuition reimbursement
Mental health support
Financial coaching
Company
Chase
Chase provides broad range of financial services. It is a sub-organization of JP Morgan Chase.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Mike McDonnell
Managing Director, Head of Chase Travel Platform Product
Nicole Sanchez
Managing Director, Consumer Bank, GM and Product Executive, Growth Financial Products
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