Asset Management- Commercial Real Estate Debt Underwriter – Associate

Job Description

J.P. Morgan Asset Management — Real Estate Americas is one of the world’s largest real estate investment advisors with over $70 billion of real estate assets under management in North America. Given its relationships, reputation, and size, JPMAM Real Estate Americas transacts in an average of $7 billion in combined acquisition and disposition activity annually. JPMAM Real Estate Americas is comprised of more than 250 real estate professionals organized within key functional areas.

As an Associate in the Real Estate Americas Debt Investment Team, you will play an integral role in identifying and underwriting prospective lending opportunities across various property types. You will formulate investment strategies and recommendations, review market research, prepare investment committee memos, and participate in investment committee presentations. You will also develop strong relationships with brokers, banks, borrowers, and industry peers.

• Underwrite potential lending opportunities for various funds and investment vehicles
• Analyze investments up and down the capital stack, across multiple product types and risk profiles from senior loans to mezzanine investments
• Create detailed and complex financial underwriting models for the financing of real estate investments
• Assist with modifications and loan restructurings on an as needed basis
• Perform property and market research through conversations with brokers, sponsors, market participants, and REA regional teams to understand the key risks of each investment and vet underwriting assumptions.
• Assist in execution of deals from underwriting through closing
• Conduct site inspections
• Participate in the preparation of internal memos, due diligence, site inspections, managing documentation and the investment closing process
• Communicate investment recommendations with senior leaders and the investment committee
• Collaborate with Asset Management, Valuations, Finance, and other internal stakeholders
• Provide support for the continuous asset management of existing investments

• A minimum of 5 years of real estate work experience.
• Excellent financial modeling skills including high proficiency in Excel;
  Argus proficiency
• Knowledge of fundamental real estate cash flow and valuation analysis for office, industrial, retail, and multifamily sectors
• Experience with deal management, including risk identification and structuring to mitigate risk
• Ability to multi-task and work effectively on multiple deals with several originators
• Strong interpersonal skills to establish and manage relationships with borrowers, mortgage bankers, participating lenders, lawyers, and team members.
• Excellent written and verbal communication skills
• Highly organized with a keen attention to detail
• Strong quantitative and analytical skills
• Desire to take initiative and be a team player.

• Previous experience in real estate, investment banking, private equity, credit, CMBS preferred
• Prior responsibility for underwriting preferred.

JPMorgan

Chase, 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…