CIB - Securitized Products Group - Commercial Real Estate (CRE) Underwriter - Vice President CIB - Securitized Products Group - Commercial Real  …

J.P.Morgan
in Hong Kong
Permanent, Full time
Last application, 28 Sep 20
commensurate with experience
J.P.Morgan
in Hong Kong
Permanent, Full time
Last application, 28 Sep 20
commensurate with experience
Key Duties: Reviewing, analysing, and researching (i) commercial real estate secured loan & bond transactions; and (ii) the acquisition of performing and financing of non-performing loan portfolios in the APAC region. * Originating new deals in the region in collaboration with JPM bankers and client
Key Duties:

Reviewing, analysing, and researching (i) commercial real estate secured loan & bond transactions; and (ii) the acquisition of performing and financing of non-performing loan portfolios in the APAC region.

  • Originating new deals in the region in collaboration with JPM bankers and client coverage teams
  • Lead real estate underwriting in collaboration with team's property underwriters, including researching transaction comparables & macro market environment and summarising key findings
  • Overseeing of team juniors in production of real estate and loan model outputs, and the creation of detailed loan summaries and portfolio stratification analysis to assist in the loan/bond structuring. Taking full responsibility for quality of output & conclusions reached.
  • Liaising with loan & bond syndicate to assess market liquidity, pricing, and potential distribution strategies. Incorporating findings into the structuring and underwriting process.
  • Preparation of clear and concise deal proposals/memos for discussions in internal committees & with senior management
  • Production of clear indicative terms / quotes, in-line with internal processes and guidelines, to provide to clients in a timely manner

Working closely with clients, lawyers, and other key external and internal stakeholders to lead & manage the full transaction execution process.
Key examples include (amongst others):
  • Producing clear scope of work to provide to law firms in order to receive quotations for assisting various stages of loan/bond execution
  • Working closely with clients in order to negotiate & agree a term sheet covering all key indicative terms (with senior oversight/involvement)
  • Reviewing transaction legal and property due diligence, assessing key risks and suggesting potential mitigants (structural or otherwise) to protect JPM interests as lender
  • Deep involvement in the documentation process with internal and external legal counsel & key business stakeholders to ensure legal documents adhere to JPM policy and reflect a fair representation of the commercial terms agreed.
  • Managing all internal stakeholders to ensure required internal steps are completed & internal stakeholders have signed-off/approved
  • Coordinating the various key closing steps to enable a smooth transaction closing/funding

Key Experience

  • Broad experience in assessing & underwriting commercial property including deep knowledge of commercial real estate principles, associated valuation approaches, and key tenant / lease fundamentals - in order to properly & fully assess various asset risks/mitigants and appropriate cash flow prospects
  • Detailed past involvement in all aspects of the underwriting, structuring, and documentation of non-recourse commercial real estate mortgage financings in HK, China, and the APAC region - including the review & drafting of loan and bond term sheets
  • Previous deep involvement in the acquisition and/or financing of Non-Performing Loan (NPL) / REO portfolios secured on CRE assets - including a good understanding of the underwriting, analysis, and due diligence undertaken in deciding loan resolution strategies for non-performing CRE loans
  • Excellent project management experience - preference for evidence of involvement in the managing of large complex processes
  • Some experience in the analysis, structuring, and rating agency discussions involved in the structuring and documentation of CMBS issuances would be beneficial
  • 10+ years' experience from a US IB preferred

Key Skills
  • Extremely proficient in the handling and manipulation of data
  • Very good attention to detail and strong analytical skills
  • Strong financial modelling skills (Excel / VBA)
  • Good interpersonal skills to assist in the management and development of client relationships
  • Fluent Mandarin essential (reading & writing)
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

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.

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