Tax Oriented Investments - Housing Investments Portfolio Administrator - Analyst
As a Tax Oriented Investments - Housing Investments Portfolio Administrator - Analyst within the Housing Investments Asset Management Group (AM), you will play a key role in managing JPM's investments in federal low-income housing tax credit (LIHTC) apartment communities throughout the United States.
You will be a member of the Pre-Stabilized Asset Management Team, working in tandem with the Development Risk Management team to manage the construction/operating risk of each asset through the stabilization period.
You will work with DRM on your assigned assets, as well as the Team Leader manager, in a variety of responsibilities such as working with our syndicator relationships with managing the funding process, reviewing post-closing consent requests, and reporting updates for our Single Investment Fund (SIF) portfolio.
Job Responsibilities:
• Review and approve equity funding draw requests thoroughly comprehending the requirements of our Partnership Agreements.
• Perform Asset Management related duties for all pre-stabilized deal consent requests such as GP replacements, property management changes, partnership agreement amendments.
• Work with the DRM Architect to monitor deals under construction and lease up tracking key milestone dates.
• Review and analyze perm loan sizing analysis for SIF properties comparing underwritten property operations to actual.
• Maintaining monthly/quarterly Pre-Stabilized reporting and database management of deal information.
• Coordinate efforts with the internal accounting groups to confirm any changes to transactions that fall behind closing projections to revise original model projections.
• Track Missing Transaction Documents post-closing including LPA amendments on any deal
changes post-closing.
• Review insurance certificates and providers to confirm they meet JPMCC standards.
• Create, maintain, and update as required written guidelines for work processes.
• Participating in meetings with syndicators and fostering a professional relationship among syndicator partners and industry colleagues.
Required qualifications, capabilities, and skills:
• Bachelor's Degree in finance, business, economics, or real estate finance.
• Experience (e.g., internship) in real estate or related area a plus
• Detail oriented and accurate, with a strong desire to learn and excel.
• Ability to communicate effectively (written and verbal) with clients and respond to requests appropriately.
• Ability to work independently and interact with various levels of management.
• Ability to handle multiple tasks and prioritize workload to meet deadlines.
• Excellent Organizational Skills.
Preferred qualifications, capabilities, and skills:
• Affordable Housing/Section 42 experience a plus.
JPMorgan Chase & Co., 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,...
- Rate: Not Specified
- Location: Chicago, US-IL
- Type: Permanent
- Industry: Finance
- Recruiter: JPMorgan Chase Bank, N.A.
- Contact: Not Specified
- Email: to view click here
- Reference: 210548810
- Posted: 2024-08-20 08:17:00 -
- View all Jobs from JPMorgan Chase Bank, N.A.
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