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Posted: 05-Dec-25
Location: Chicago
Type: Full Time
Salary: $200,000-$275,000
Categories:
Architect
Internal Number: 210679126
Job Description
Join a dynamic team at the forefront of affordable housing investment, where your expertise in real estate development risk will help shape communities and deliver impactful solutions.
As a Development Risk Manager (DRM) in the Tax Oriented Investments (TOI) group, you will play a critical role in evaluating and managing risks for affordable housing projects utilizing the Federal Section 42 Low Income Housing Tax Credit (LIHTC) program. Based in Chicago, you will collaborate with a team of professionals to ensure successful project delivery from feasibility through construction and stabilization, directly impacting the quality and competitiveness of our investments.
Job responsibilities
- Perform preliminary feasibility analysis of prospective investment opportunities from a design and construction perspective
- Conduct initial project underwriting site visits with Origination Officers
- Evaluate qualifications of development teams
- Analyze real estate market conditions and long-term competitiveness of built improvements
- Review site control, entitlements, approvals, soil, and environmental conditions
- Collaborate with third-party consultants to review project design, budget, schedule, and quality control programs
- Present prospective opportunities to the Investment Committee
- Assess sufficiency of construction contract, contingencies, and insurance coverage
- Review project documents for conformance to acquisition guidelines
- Monitor construction and lease-up progress with third-party consultants
- Oversee disbursement of debt and equity contributions
- Maintain project construction and lease-up databases
- Foster professional relationships among syndicator partners and industry colleagues
Required qualifications, capabilities, and skills
- Professional degree in Architecture, Engineering, or Construction Management
- 7+ years of experience in Architecture, Engineering, Construction, or Real Estate development; experience with multi-family and LIHTC properties preferred
- Thorough understanding of real estate development processes, with strengths in architectural, engineering, and construction practices
- Familiarity with principles of real estate finance
- Strong analytical and problem-solving skills
- Superior written, presentation, and quantitative communication skills
- Advanced PC skills, including experience with spreadsheets and databases
- Ability to work independently and interact with different levels of management
- Ability to prioritize workload and manage competing demands
Preferred qualifications, capabilities, and skills
- Proven ability to foster professional relationships within the industry
- Demonstrated ability to present complex information to senior stakeholders
- Experience managing project databases and reporting
About JPMorganChase
JPMorganChase
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer 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.
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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
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