Associate Banker-Community Development Banking- Associate

Become an integral part of a team that proudly supports vibrant and diverse neighborhoods by providing loans, investments, and services for low- and moderate-income households and communities nationwide! 

J.P. Morgan Chase’s Community Development Banking (CDB) business is a national leader in community development finance for affordable housing and economic development projects. With our resources, CDB offers financing for projects of any size and complexity, including construction financing, bridge loans, acquisition loans, letters of credit to support bond transactions, and long-term permanent financing for Low Income Housing Tax Credit developments and bond purchases. CDB's clients include for-profit and not-for-profit developers, government entities engaged in housing and economic development, and community-based organizations. 

As a Community Development Banking Associate within our Commercial Real Estate team, your initial responsibility will be to provide support and assistance in the underwriting and approval process for acquisition, construction, and/or permanent loans sourced by originations colleagues. You will report to a CDRE  Banker, but will support members of the originations and risk teams. 

Job Responsibilities 

• Work with the originations team to manage pipeline, run profitability models, assist with client set up, engage KYC Officers to perform background checks, draft project highlight forms.
• Work with the originations team on drafting clear and concise deal pitch packages, Letters of Interest, and Term Sheets. This will include but is not limited to reviewing project budgets, conducting market analysis, confirming overall project economics.
• Work collaboratively with the assigned credit officer along with originations team through the loan closing  process, including due diligence collection, managing the legal checklist, drafting sections of the credit approval memo, assistance with engaging third party reports,  managing information flow in C360, and managing documentation in shared folders.
• Review legal documentation associated with the transaction prior to closing in conjunction with risk and originations teams.
• Assist in handling client meetings and/or calls related to specific financings, and attend JPM Chase sponsored events and other affordable housing industry events, both during and after business hours.
• Collaborate with risk and originations teams, and other internal partners, throughout the life cycle of the loan until repayment.

Required Qualifications, Skills and Capabilities: 

• Experience in community development real estate lending or investing with a focus on affordable housing.

• Demonstrated underwriting expertise in Low Income Housing Tax Credits (LIHTC), subordinate/public subsidy layers, and construction/permanent financing structures.

• BA/BS degree

• Strong analytical and financial modeling skills; capacity to synthesize complex information 

• Track record of managing multiple transactions and deadlines with disciplined project management and follow through

• Ability to interact favorably in person and on the telephone with prospects, clients, consultants, government agency staff, and legal counsel
• Ability to work as a member of a team and adjust priorities as necessary to achieve team, as well as individual, goals
• Excellent written and verbal communication skills
• Strong PC skills; proficient in MS Word, Excel, PowerPoint, and Outlook

• Commitment to the CRA mission and familiarity with how lending activities support community impact goals.

Preferred Qualifications, Skills and Capabilities: 

• Knowledge of standard bank credit policies and loan administration procedures 
• Active industry engagement through conferences, associations, junior boards
• Experience closing complex, multi‑layered capital stacks with tax credits, bonds, and multiple subsidy sources.