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Trader [Multiple Positions Available] [MRTACW045331.004675]

JPMorgan Chase & Co.

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At a glance

Compensation
No compensation found
Location
NEW YORK, NY
Work Authorization
Not specified

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Requirements

Credentials this posting asks for.

Bachelor's degree

Job overview

JPMorgan Chase & Co. seeks a Trader in New York to underwrite and originate commercial real estate loans and CMBS deals. The role leads deal reviews, committee presentations, client negotiations, and closings, while coordinating with trading, capital markets, credit, and other teams. It also guides team members, supports recruitment and internship programming, and requires up to 10% domestic travel to client sites.

Skills & qualifications

RequiredNice to have

Skills

Discounted Cash Flow ModelingInterest RatesAmortization SchedulesBond MathematicsTime Value of MoneyNet Present ValueCMBS Bond PricingCMBS Structure and RatingsCMBS ProfitabilityStress LossRisk RetentionMezzanine LoansCMBS Capital StructureIRRLoan MetricsBloomberg TerminalCoStar Market AnalysisCoStar Data InterpretationExcelCash Flow ModelingGreenstreet Mall Sales DataReal Capital AnalyticsReal Estate AnalyticsCredit Risk AnalyticsREISFitch AnalysisMoody's AnalysisS&P AnalysisKBRA AnalysisDBRS AnalysisCommercial Property UnderwritingCredit AnalysisFinancial AnalysisCredit Report AnalysisOperational Data AnalysisReal Estate Due Diligence AnalysisLegal and Transaction Document Analysis

Qualifications

Bachelor's in Applied Mathematics, Economics, Finance or Related FieldFive Years Relevant Experience

Full job description

JPMorgan Chase & Co. has openings for Trader [Multiple Positions Available] in New York, New York. This position requires up to 10% domestic travel to client sites.JOB TITLE: Trader [Multiple Positions Available]LOCATION: 270 Park Avenue, New York, NY 10017. This position requires up to 10% domestic travel to client sites.DUTIES: Review and comment on underwriting models, metrics charts, and pricing requests for new commercial real estate loan origination and deals. Review committee memos drafted by analysts and associates. Lead preliminary and final committee presentations and Q&A sessions as the main underwriter on deals. Engage vendors and authorize document release on behalf of the company. Help guide and oversee team members in their day-to-day assignments. Engage with the Capital Markets team, Trading Desk, Transaction Managers, Credit, Commercial Real Estate Loan Solutions, and upper management on client requests, new commercial real estate loan opportunities, rating agency and B-Buyer feedback, conduit and SASB commercial mortgage- backed securities (CMBS) deal pricing and appetite, and bespoke deal solutions. Communicate with clients on loan proposals, credit committee decisions, and overall loan agreement negotiations. Pursue deals and clients in an originator capacity and work to individually close deals or bring in more business. Review loan agreements and issues lists. Lead recurring closing calls on live deals and overall deal closing. Set up and run individual client meetings at offsites and conferences. Coordinate year-end presentations and analyses put together by analysts and associates. Conduct Superday interviews for recruitment and interview potential new candidates for analyst and associate roles. Lead the internship program including placement of intern pool into individual desks, planning assignments, coordinating final presentations and gathering feedback, and communicating hiring decisions. This position requires up to 10% domestic travel to client sites.REQUIREMENTS: Bachelor's degree in Applied Mathematics, Economics, Finance, or related field of study plus five (5) years of experience in the job offered or as Trader, Commercial Mortgage-Backed Securities Analyst/Trader, Sales/Trading Associate, or related occupation. This position requires five (5) years of experience with the following skills: discounted cash flow models; interest rates and amortization schedules; bond mathematics; time value of money, net present value, and CMBS bond pricing, structure, and ratings; CMBS profitability, stress loss, horizontal risk retention, vertical risk retention, mezzanine loans and CMBS capital structure; IRR; loan metrics including debt yield, LTV, DSCR, look-through LTV, and cap rate; Bloomberg terminal for company ratings, company financials, charting, interest rates, and swaps; analyzing and generating CoStar submarket and market reports; interpreting CoStar property- and market-level data; using Excel for cash flow modeling, including lookup and index formulas, graphs and tables, shortcuts, and sorting and manipulating large data sets; interpreting Greenstreet mall sales data; real capital analytics; real estate analytics; credit risk analytics; REIS; Fitch, Moody's, S&P, KBRA, and DBRS analysis and underwriting of offices, retail properties, multifamily properties, hotels, industrial properties, manufacturing properties, and storage properties; credit analysis of bridge and construction loans; analyzing and interpreting financial, credit, and operational information including company financial metrics, credit reports, and operating performance data; analyzing and interpreting real estate due diligence materials including appraisals, environmental assessments, property condition reports, surveys, zoning reports, and lease information; analyzing and interpreting legal and transaction documentation including litigation disclosures, public records, loan agreements, and tax abatements; and anal zing

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