Apply Now    

Portfolio Manager – Community Development Banking (Community Development Tax Credits) – Chicago, IL; New York, NY; or Los Angeles, CA

Req #: 180014512_2
Location: New York, NY, US
Job Category: Credit
Potential Referral Amount: 0 US Dollar (USD)

The Community Development Tax Credits (CDTC) Group is part of Chase's Community Development Banking Team, which delivers financial products to support development and revitalization of low- and moderate-income communities.  The CDTC Portfolio Manager will be part of the team that manages the bank's Historic Tax Credit initiatives, which is part of Chase's Commercial Bank.  The Portfolio Manager will be aligned to specific geographies to underwrite, close, and monitor Historic Tax Credits projects working with Chase Originators, tax counsel and construction specialists, and project developers.  The successful candidate will work in a fast-paced, entrepreneurial atmosphere that requires flexibility and attention to detail.  

 

Major Functions (Principal Duties and Responsibilities)

  • Works closely with Chase Originators in coordinating, negotiating, and review of construction documentation prior to closing on an investment. This includes the review of all construction related documents including general contracts and general conditions, third party consultant reports, review of up-front project cost analysis, environmental reports, remediation plans, construction schedule, payment and performance bonds, disbursing agreements, and other construction required documents necessary to close investments.
  • Prepare credit approval documents for Community Development Tax Credit equity investments.

  • Analyze, identify and mitigate potential construction risks, and ensure the project will maintain compliance during the Historic Tax Credit compliance period.  Activities include: periodically collecting project status, compliance data, and review financial information from projects.
  • Excellent communication and relationship management skills to enhance external business-relationships and serve as the point of contact with third party professionals, developers, owners, external partners, and general contractors in the construction underwriting and closing process.
  • Work closely with the Project Team members, Chase Credit, and Legal on distressed projects.

  • 5+ years of banking/lending/credit experience, including underwriting real estate construction projects
  • Knowledge of and use of Historic Tax Credits
  • Demonstrated ability to simplify complex projects by focusing on key issues, activities and goals and identifying and acting upon a critical path
  • Demonstrated ability to identify obstacles and quickly create solutions
  • Significant accounting and finance knowledge. 
  • Strong analytic and writing skills
  • Excellent interpersonal, communication and teamwork skills
  • Strong computer skills, including Excel, Word and PowerPoint
  • Demonstrated ability to work independently and within the context of a deal team
  • Bachelor Degree required

The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer.  It may be different than what is listed on the requisition based on candidate experience level.

Apply Now    

Join our Talent Community

Not ready to apply? Leave your information with us and we will keep you up to date with new career opportunities.

Things to note

Sign in to our application system to continue your job search or update your profile.

Current employees sign in here. Contractors sign in here.

Any information you provide is confidential and will only be viewed by our recruiters in an effort to fill open positions. In addition, the information you provide is subject to our privacy policy practices.

Please note that J.P. Morgan will not accept unsolicited approaches or speculative CVs, nor will J.P. Morgan be responsible for any related fees, from Third Party Firms who are not preferred suppliers.

The firm invites all interested and qualified candidates to apply for employment opportunities.

Need disability related assistance?

If you are a US or Canadian applicant with a disability who is unable to use our online tools to search and apply for jobs, please click here.

Important links

Click here to view the "EEO is the Law" poster.

Click here to view the "EEO is the Law" supplemental poster.

Click here to view our U.S. Pay Transparency Policy.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.