Risk Management - Lead Credit Officer Agency Conventional - Vice President

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
 

Job Summary

As a Vice President, Conventional Underwriter in the Agency Lending Credit Risk department, you will leverage your credit expertise with Fannie Mae and Freddie Mac multifamily loans to assess the creditworthiness of clients, properties, and markets for new loan originations.

Job Responsibilities

• Evaluate and underwrite Freddie Mac and Fannie Mae conventional and small loan requests for various multifamily asset types nation-wide with thorough product knowledge of Agency guidelines. 
• Independently manage the transaction, timeline, and deal team during the due diligence process with minimal supervision. 
• Effectively communicate and collaborate with bankers, analysts, transaction managers, clients, brokers, legal counsel, Agency contacts, and other key stakeholders.
• Identify, analyze, and approve due diligence documents and third party reports (appraisal, engineering, environmental, and zoning reports) required for loan submission and approval. Provide timely comments and requests throughout the due diligence process to ensure accuracy and acceptability of information received. 
• Analyze borrower organizational structure and required parties’ financial statements, schedules of real estate owned, contingent liabilities, and credit histories.
• Conduct property site inspections and borrower interviews in accordance to Freddie Mac and Fannie Mae Guide requirements.
• Analyze property historical financial statements, budgets, rent rolls, third party reports, and market data to develop an underwriting cash flow proforma. 
• Draft Transaction Approval Memos which effectively assesses the transaction strengths, risks, and mitigants identified in the evaluation of the quality of the collateral, compliance of the borrowing entity structure, creditworthiness of its key principals/guarantors, and the strength market.
• Present Transaction Approval Memo and underwriting cash flow proforma to Credit Risk for loan approval.
• Train and mentor junior underwriters and underwriting analysts. 
• Contribute to platform infrastructure and processes through special projects. 

Required qualifications, capabilities, and skills

• Bachelor’s degree in Finance, Accounting, Real Estate, or Business Administration. 
• Minimum 5 years of multifamily underwriting experience with Freddie Mac and/or Fannie Mae loans. 
• Thorough product knowledge of Agency financing and underwriting guidelines, policies, and waivers.
• Strong financial analysis and modelling, verbal and written communication, critical thinking, and decision making skills.
• Strong organizational and execution skills including the ability to multitask, adapt to changing timelines, and flexibility with loan restructuring. 
• Advance proficiency in Microsoft Excel and Word.
• Experience using Fannie Mae DUS applications (Gateway, DocWay, C&D, MAMP).

Preferred qualifications, capabilities, and skills

• Completion of a major corporate or commercial bank credit training program.
• Experience in using CLOSER (Commercial Loan Origination Securitization Enterprise Reporting) system.
• Master’s Degree a plus.