Securitized Products Group - Development Risk Manager - Associate

Housing Investments Development Risk Manager

Be part of a dynamic group making a difference in communities nationwide by investing in affordable housing and historic projects. As a Housing Investments Development Risk Manager, you'll help shape the future of real estate development through strategic risk management and collaboration. Tax Oriented Investments (TOI) is a Chicago-based team of 100 professionals within the Investment Bank's Securitized Products Group, specializing in tax credit equity investments in affordable housing, historic projects, renewable energy, and leasing. As a Development Risk Manager (DRM) in the Direct Affordable Housing (DAH) Originations group, you will assess the feasibility and risks of real estate projects utilizing the Federal Section 42 Low Income Housing Tax Credit (LIHTC) program. You'll monitor properties through construction and stabilization, focusing on design and construction risks, and provide expert advice to transaction leaders and senior management.

Job Responsibilities :

• Perform preliminary feasibility analysis of prospective investment opportunities from a design and construction perspective
• Evaluate the qualifications of the development team
• Analyze real estate market conditions and long-term competitiveness of built improvements
• Review and evaluate site control, entitlements, approvals, soil, and environmental conditions
• Review and evaluate project design, budget, schedule, and quality control program with third-party Architectural / Engineering consultants
• Review and evaluate sufficiency of construction contracts and contingencies
• Review and evaluate project insurance needs and coverages
• Review project documents for conformance to acquisition guidelines
• Review project documents for disbursement of equity contributions

Required Qualifications, Capabilities, and Skills :

Preferred Qualifications, Capabilities, and Skills :

JPMorgan Chase & Co. offers a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. Those in eligible roles may receive commission-based pay and / or discretionary incentive compensation, paid in the form of cash and / or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These 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, and more. Additional details about total compensation and benefits will be provided during the hiring process.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability / Veterans. 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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

Base Pay / Salary : Chicago, IL $95,000.00 - $125,000.00 / year