J.P. Morgan’s Community Development Tax Credits is part of the firm’s Commercial Real Estate Division within Commercial Banking. Our Commercial Bank serves more than 30,000 clients, including corporations, municipalities, financial institutions, real estate developers, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
The Portfolio Credit Analyst will be joining a very successful team of 20 professionals who are dedicated to investing in commercial real estate projects. The Portfolio Credit Analyst will be part of the team that manages the bank's New Market Tax Credits (NMTC), State Tax Credits, and Historic Tax Credit initiatives. The Portfolio Credit Analyst acts as a primary point of contact for the Community Development Entities (CDEs) and project borrowers (QALICBs) post-closing of a New Markets Tax Credit transaction. Additionally, they act as the business-side liaison between our CDE and QALICB clients, and the internal groups that service our NMTC transactions. The successful candidate will work in a fast-paced, entrepreneurial atmosphere that requires flexibility and attention to detail.
Major Functions (Principal Duties and Responsibilities)
Responsible for a portion of the portfolio of transactions and will act as the primary point of contact with CDEs, QALICBs during the seven year NMTC compliance period
Complete required portfolio monitoring tasks to include: periodically collecting community impact, project status, compliance data, financial information from CDEs and QALICBs
Work with the QALICBs, CDEs, and Lenders post-close to ensure accurate transaction flow during 7-year compliance period
Closing executions with other Project team members
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.
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