Client Associate - Community Development Banking - Associate

About the role

Join J.P. Morgan Chase's Community Development Banking (CDB) business, a national leader in community development finance for affordable housing and economic development projects. As a Community Development Banking Associate within our Commercial Real Estate team, you will support the underwriting and approval process for acquisition, construction, and permanent loans sourced by senior bankers. You will report to a CDB Banker and support all members of the San Francisco team.

Responsibilities

• Work with Originating Bankers to gather project documentation, prepare credit committee pitch packages, Letters of Interest, and Term Sheets.
• Analyze and adjust development budgets, operating statements, rent schedules, construction flow of funds, financial statements, market studies, and third-party reports.
• Collaborate with underwriters through the credit approval process, including closing calls, due diligence collection, and internal reporting.
• Review legal documentation prior to closing for accuracy and consistency with credit approval terms.
• Assist with client meetings/calls related to financings and attend JPM Chase and industry events.
• Monitor construction progress, including draw requests, funding adequacy, time delays, cost overruns, contingency fund usage, and compliance with loan documents.

Requirements

• 2.5+ years' experience in financing commercial real estate transactions, including mixed income and affordable housing development projects.
• Experience with Federal, State, and Local Affordable Housing/LIHTC financing programs.
• BA/BS degree.
• Strong interpersonal skills for client and stakeholder interaction.
• Team player with flexibility to adjust priorities as needed.
• Excellent written and verbal communication skills.
• Proficient in MS Word, Excel, PowerPoint, and Outlook.
• Limited travel required, occasionally overnight.

Preferred Qualifications

• Formal bank credit training.
• Knowledge of standard bank credit policies and loan administration procedures.

This position is subject to Section 19 of the Federal Deposit Insurance Act. An employment offer is contingent on JPMorgan Chase's review of criminal conviction history, including pretrial diversions or program entries.

Benefits

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in cash and/or forfeitable equity. Benefits include:

• Comprehensive health care coverage.
• On-site health and wellness centers.
• A retirement savings plan.
• Backup childcare.
• Tuition reimbursement.
• Mental health support.
• Financial coaching.