The analyst role is within the Housing Investments Asset Management Group (AM), which is part of JPMorgan’s Tax Oriented Investments (TOI) group. As an analyst in TOI, 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, who works in tandem with the Development Risk Management team to manage the construction/operating risk of each asset through the stabilization period. The Portfolio Administrator will work with DRM on their 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 (Affordable Housing/Section 42 experience 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.