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Asset Management - Alternatives - Real Estate - Executive Director

Job Description

J.P. Morgan Asset & Wealth Management, with client assets of $2.4 trillion, is a global leader in investment and wealth management. Its clients include institutions, high-net-worth individuals and retail investors in every major market throughout the world. The division offers investment management across all major asset classes including equities, fixed income, alternatives, multi-asset and money market funds. For individual investors, the business also provides retirement products and services, brokerage and banking services including trusts and estates, loans, mortgages and deposits.
 
The Real Estate Americas business is seeking to hire an executive director of Central US Asset Management in our Chicago office. The executive director will report to the co-heads of the Central US investment team (based in NYC). The successful candidate will oversee a diverse portfolio of assets in the residential, office, retail and industrial sectors and drive value to our clients. The successful candidate will be responsible for oversight and strategy implementation within the existing portfolio, assistance on development deals, the handling of dispositions, working through internal and external property valuations and completing various internal and external reports. The executive director will be responsible for managing deal teams, including analysts and associates in asset management, as well as coordinating with acquisitions, engineering, research and other JPM and external teams. 
 
DUTIES AND RESPONSIBILITIES
 
  • Develop and manage partner, broker, third party management firms and other industry relationships to generate market / product expertise
  • Have an in-depth knowledge of the Chicago real estate landscape
  • Provide strategic direction for a diverse portfolio of assets in the Central US region, particularly focusing on the Chicago MSA. The portfolio will include assets across the risk spectrum.
  • Build internal consensus on valuation and transaction structure through proactive communication with all constituencies (including the CIO, portfolio management, acquisitions, research, valuations, financial, debt capital markets, development/engineering, and legal).
  • Lead on transaction negotiation and documentation of asset dispositions. Negotiate with a focus on identifying and mitigating risk, generate creative solutions to resolve structuring challenges.
  • Exhibit leadership in partnering with other internal teams, and in developing junior team members. The candidate will consistently strive to gain the confidence of senior team members, including portfolio managers and senior acquisitions officers. The candidate will also proactively seek ways to expand Real Estate America’s impact across the firm, including contributing to client pitches, reviews, and other important internal initiatives.
  • Underwrite using Argus and Excel
  • Create and utilize financial models for investment valuation
  • Research and analyze market data
  • Participate in property inspections and market tours
  • Prepare presentations and written leasing and disposition committee memos
  • Perform due diligence to prepare acquisitions for closing
  • Expertise in the calculation of partner promote structures and waterfall distributions
QUALIFICATIONS
  • Exceptional relationship building and negotiation skills
  • Excellent quantitative and analytical skills
  • Highly motivated and a self-starter
  • Ability to work in a team environment
  • Excellent quantitative modeling and analytical skills
  • Superior writing and verbal communication skills
  • Compelling presentation skills in formal and informal settings
  • Ability to multi-task and work in a dynamic environment
  • Proficient with Microsoft Word and Microsoft Excel
  • ARGUS and Yardi experience is a plus
 
Experience
Candidate should possess a minimum of 10 years of experience in real estate asset management.  Experience in the Central United States is a plus.
 
Education
Bachelor’s degree required.
 
Travel
The candidate should be prepared to travel as needed.
Req #: 180046977
Location: Chicago, IL US
Job Category: Asset Management
Employment Type: Full Time
Potential Referral Amount: 0 US Dollar (USD)

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