Commercial Real Estate Loan Closer

Tempe, Arizona, United States
Full-time
Posted

Description

The Associate II Loan Closer position in the Documentation and Closing group at JPMorgan Chase independently manages and facilitates the closing process for a portfolio of complex, commercial, construction loan products for the Community Development Banking and New Market Tax Credit groups.

The Documentation and Closing group administers a demanding portfolio of diverse commercial construction loans encompassing tax credits, equity investments, low income housing components, bond enhanced/direct pay letters of credit, perm -loan conversions, and development loans with single and multi-bank collaboration. The group experiences robust interaction with legal counsel. High analytical capabilities reviewing due diligence items necessary for closing, risk detection, managing diplomacy with customers/bankers/attorneys on policy components of loan documents, proficiency in commercial loan documentation, entity structure, maintaining a loan closing database, and performing on multi-platform technology systems is a vital requisite for this position.

The qualified candidate must possess experience in commercial real estate loan closing activities with strong knowledge of liability and flood insurance, title, survey, formation documents, and other real estate due diligence items. The candidate must be detailed and quality assurance oriented; capable of working multiple initiatives simultaneously; and work collaboratively across teams within the Bank. This role also serves in a team lead capacity.

Responsibilities:
  • Provide support to junior closers
  • Perform review/approval of closers' work
  • Assist with training of closing staff
  • Contribute to special project and procedure reviews

Qualifications:
  • 5+ years of closing Commercial Real Estate Loans including experience with Construction and Term Loans, Letters of Credit, Bond-enhanced/Direct pay Letters of Credit, and Subscription loans.
  • Thorough knowledge of real estate and commercial loan documentation, risk management and collateral monitoring
  • Knowledge of Real Estate insurance requirements including Flood Insurance
  • Experience with single and multi-bank loan structures
  • Advanced time management and organizational skills
  • Ability to work in a fast-paced, time sensitive environment, follow tight deadlines, and prioritize work
  • Advanced verbal and written communication skills
  • Intermediate experience using Microsoft Office, including Excel, Word and PowerPoint
  • College degree preferred

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.

As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

Equal Opportunity Employer/Disability/Veterans

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