Tax Oriented Investments - Affordable Housing - Associate

Job Description
Join our Chicago team as an experienced Administration Associate! As a Tax Oriented Investments - Affordable Housing - Associate within the Direct Affordable Housing (DAH) Group, you will play a crucial role in monitoring LIHTC Compliance of DAH investments and supporting the Compliance Manager within DAH's portfolio. As an Affordable Housing Associate in TOI, you will interact with the team on our Hybrid schedule, in office four days a week.
The Direct Affordable Housing (DAH) Group within Tax Oriented Investments (TOI) is an equity investor in affordable housing for low income families and older adults. The group is based in Chicago, and is part of the Investment Bank's Securitized Products Group. DAH primarily invests through syndicators as a sole limited partner in Single Investor Funds (SIF) that qualify for IRS Code Section 42 low-income housing tax credits (LIHTC).
The Compliance Analyst will be responsible for monitoring enforcement and support to ensure program and regulatory compliance for the LIHTC portfolio.
Job Responsibilities:

• Oversee LIHTC Projects within an assigned portfolio to ensure compliance with Section 42 program regulatory requirements.
• Review/Approve Annual File Review Audits and monitoring for submission of File Review Corrections.
• Build and maintain strong relationships with our business partners with participating in annual meetings, hosting monthly/bi-monthly calls, as well as monitoring and resolving compliance issues within our partner's portfolio.
• Monitoring LIHTC projects for lease-up progress and requesting/reviewing initial files to minimize risk of loss of credits, including income/asset calculations, rent/income limits, utility allowance requirements, and adherence to LIHTC program regulations.
• Timely updates to internal tracking system for portfolio monitoring.
• Track annual reporting submissions as required by state agencies for accuracy and timeliness.
• Monitor portfolio for state agency audits and reviewing to evaluate potential credit loss risk along with tracking any required finding corrections for accuracy/timeliness.

Required qualifications, capabilities, and skills:

• Bachelor's Degree in finance, business, economics, or real estate finance.
• Experience (e.g., internship) in real estate or related area or Property Management Experience with a Multi-Family LIHTC property.
• Strong analytical and problem solving skills.
• Detail oriented and accurate, with a strong desire to learn and excel.
• Ability to work independently and interact with different levels of management.
• Ability to prioritize workload and competing demands for time and attention.
• Strong Communication skills (written and verbal)

Preferred qualifications, capabilities, and skills:

• Preferred experience of compliance processing LIHTC paperwork as well as general Affordable Housing Certifications (NAHMA: TCS and/or HCCP)

About Us
JPMorgan Chase & Co., 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. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
About the Team
The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world's most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.