The Structured Finance Manager will be joining a very successful team of experienced professionals who are dedicated to investing historic tax credit equity in commercial real estate projects. The Community Development Tax Credit (CDTC) Group is a part of Chase’s Commercial & Investment Bank (CIB) Community Development Banking Team.

The Structured Finance Manager will be part of the national team that manages the CIB’s Historic Tax Credit initiative which is frequently paired with other business lines within the CIB, including affordable housing lending, new market tax credits, among others. As a successful candidate you will work in an energetic and varied atmosphere that requires attention to detail and flexibility. Responsibilities will include overseeing a defined portfolio of equity investments; compliance monitoring and reporting, conducting analysis of commercial real estate project viability including the review of legal documents, financial statements, market studies and appraisals, debt and other capital stack sources and uses; prepare and present approval packages to internal investment committees; perform construction, environmental and historic preservation review; and foster meaningful developer, property management, accountant and attorney relationships.

Job Summary

You will be joining a very successful team of experienced professionals who are dedicated to investing tax equity in a growing portfolio of commercial real estate projects.  You will primarily focus on the asset and risk management of the community development tax credit portfolio with opportunity to participate in business development, interact with other business lines in the Commercial & Investment Bank, as well as foster external relationships with developers and industry stakeholders. Formal title will be determined based on experience

Job Responsibilities

Portfolio Management: Independently manage a dedicated commercial real estate portfolio of select investments. Primary Contact: Serve as a primary point of contact with real estate sponsor teams in conjunction with the Structured Finance team.  Project Feasibility Assessment: Assess a project’s feasibility by conducting a thorough review of due diligence, including financial statements, financial projections, market studies/appraisals, debt terms, other capital stack sources, construction documents, and other related diligence. Investment Presentation: Present potential investment opportunities and credit analysis to the Investment Committee for approval. Closing and Documentation: Lead the closing and documentation process on new, assigned equity investments. Capital Contribution Coordination: Coordinate requirements for capital contribution requests. Risk Mitigation and Conflict Resolution: Mitigate risk by properly evaluating and monitoring compliance and reporting, including financial and tax statements, leasing/occupancy, construction progress, and other relevant data. Escalate issues and proactively prepare recommendations of strategies to resolve pending or current issues within the portfolio. Investment Returns Evaluation: Evaluate, issue, and collect expected investment returns. Initiatives and Project Participation: Participate and contribute to new initiatives as well as ad hoc projects. Tax Credit Expertise: Build expertise in Historic Tax Credits, LIHTCs, NMTC, and Energy Tax Credits. Relationship Building: Foster meaningful relationships by collaborating with other internal partners as well as external clients, industry partners and relevant stakeholders. Professional Development: Participate in professional development opportunities as well as industry-related events.

Required qualifications, capabilities, and skills

Requires a minimum of 3+ years of experience in commercial real estate, including credit analysis and financial/tax modeling. A CPA license is strongly desired.  Strong understanding of financial reports, tax returns, partnership agreements and financing agreements.   Must be motivated to think critically, work independently and within the context of a deal team. Thrive under a fast-paced environment, handling multiple responsibilities simultaneously and adapting focus according to changing priorities. Exceptional written and verbal communication abilities that highlight analytical expertise and attention to detail. Command of MS Office programs, including Excel. Ability to travel periodically.