CIB - Securitized Products Group - Real Estate Finance - Associate / Vice President
About J.P. Morgan JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .
Our business Real Estate Finance (REF) is a commercial real estate (CRE) lending and securitisation group within the firm's Securitised Products Groups (SPG), a component of the Investment Bank.
REF's business can be summarised as secured (i.e. mortgage) lending to hold on balance sheet or either a syndication or securitisation exit. We also act in an arranger capacity bringing borrowers and lenders together. Further we act on acquisition or lending against performing, sub-performing and non-performing CRE loans as well as interacting with various areas of the bank to deliver real estate solutions to clients.
We lend against all the main property classes across Europe including; office, retail, industrial and multi-family residential as well as operating business where real estate is a key factor. Our clients include; financial sponsors, institutional investors, financial institutions, operating business and property companies.
Key duties Reviewing, analysing, and researching (i) commercial real estate secured loan & bond transactions; and (ii) the acquisition of performing and financing of non-performing loan portfolios; across EMEA and APAC.
Lead real estate underwriting in collaboration with team's property underwriters, including researching transaction comparables & macro market environment and summarising key findings
Overseeing of team juniors in production of real estate and loan model outputs, and the creation of detailed loan summaries and portfolio stratification analysis to assist in the loan/bond structuring. Taking full responsibility for quality of output & conclusions reached
Liaising with loan & bond syndicate to assess market liquidity, pricing, and potential distribution strategies. Incorporating findings into the structuring and underwriting process
Preparation of clear and concise deal proposals/memos for discussions in internal committees & with senior management
Production of clear indicative terms / quotes, in-line with internal processes and guidelines, to provide to clients in a timely manner
Working closely with clients, lawyers, and other key external and internal stakeholders to lead & manage the full transaction execution process. Key examples include (amongst others):
Producing clear scope of work to provide to law firms in order to receive quotations for assisting various stages of loan/bond execution
Working closely with clients in order to negotiate & agree a term sheet covering all key indicative terms (with senior oversight/involvement)
Reviewing transaction legal and property due diligence, assessing key risks and suggesting potential mitigants (structural or otherwise) to protect JPM interests as lender
Deep involvement in the documentation process with internal and external legal counsel & key business stakeholders to ensure legal documents adhere to JPM policy and reflect a fair representation of the commercial terms agreed.
Managing all internal stakeholders to ensure required internal steps are completed & internal stakeholders have signed-off/approved
Coordinating the various key closing steps to enable a smooth transaction closing/funding
Detailed past involvement in all aspects of the underwriting, structuring, and documentation of non-recourse mortgage financings secured by UK & European Commercial Real Estate - including the review & drafting of loan and bond term sheets
Previous deep involvement in the acquisition and/or financing of Non-Performing Loan (NPL) / REO portfolios secured on CRE assets - including a good understanding of the underwriting, analysis, and due diligence undertaken in deciding loan resolution strategies for non-performing CRE loans
Excellent project management experience - preference for evidence of involvement in the managing of large complex processes
Some experience in the analysis, structuring, and rating agency discussions involved in the structuring and documentation of European CMBS issuances would be beneficial
Extremely proficient in the handling and manipulation of data
Very good attention to detail and strong analytical skills
Strong financial modelling skills (Excel / VBA)
Good interpersonal skills to assist in the management and development of client relationships
European language skills preferred & Mandarin speaker beneficial
This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.
About J.P. Morgan's Corporate & Investment Bank:
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at www.jpmorgan.com .
JPMorgan Chase & Co. offers an exceptional benefits program and a highly competitive compensation package. JPMorgan Chase & Co. is an Equal Opportunity Employer and a member of the UK Government's Disability Confident Scheme.
Internal Number: 6197608
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