Associate, Production Support
OVERVIEW We are currently seeking an Associate to join the JLL Multifamily Agency Production, Screening, and Structuring Group. This individual will support the growth of JLL's multifamily loan production efforts and provide analysis to support the origination team. The Associate will work with all levels of internal stakeholders as well as external parties. The Associate must be organized, have strong attention to detail, possess an analytical orientation, and have the initiative to exercise independent judgment and discretion. Strong writing skills and a sense of urgency are essential for success in this role. The Associate will be based in our Tysons Corner, VA or Bethesda, MD or Washington, DC office. PRINCIPAL RESPONSIBILITIES Serve as a subject matter expert regarding Fannie Mae, Freddie Mac, and FHA multifamily loan programs and underwriting requirements Collect, review, and input financial exhibits/statements for prospective loans. The primary tool for this is Microsoft Excel. Size and structure debt transactions, with input from senior team members, by using fundamental valuation methodologies, identifying and researching risks, understanding industry dynamics, industry valuation metrics and modeling cash flows. Upon completion of due diligence, independently prepare a narrative summary and financial model that will be presented for internal pre-application and investor approvals. Provide support to the loan production team as it relates to researching prospective clients. Provide support to the loan production team with marketing efforts for prospective clients. Develop and maintain strong relationships with clients and internal departments. Conduct detailed economic and demographic research through the use of third party information services to determine feasibility of transactions. Provide/gather information through good communication skills (both verbal and written). EDUCATION AND EXPERIENCE Undergraduate or Graduate degree in a business related field (ie Finance, Accounting, Real Estate, Business) with outstanding academic achievement (please include GPA on resume) 2-4 years of previous multifamily commercial real estate experience required Agency experience (Fannie Mae, Freddie Mac, HUD) is required for this role KNOWLEDGE, SKILLS, AND ABILITIES Strong understanding of standard concepts, practices, and procedures associate with real estate finance, such as LTV, DSCR, capitalization rates, interest rates (fixed, variable, taxable, tax-exempt) Must have or be able to quickly obtain a very deep knowledge of MS Excel, including a full understanding of formulas and macros in existing templates as well as the ability to develop new or refine existing templates. Ability to efficiently write a convincing business case while objectively identifying both strengths and weaknesses. Knowledge of additional Microsoft office programs (Word, Outlook, Access). Willingness and ability to learn new technology. Ability to work independently, unsupervised, and as a team player. Excellent interpersonal, communication, problem-solving and organization skills. Ability to multi-task, especially in stressful situations. Excellent attention to detail. Ability to travel as needed. About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com. JLL is focused on winning in the marketplace and being the industry leader, executing better than anyone else and innovating to create great products and services. We operate in an atmosphere of excellence, integrity, respect and trust. We bring a sense of teamwork, inclusion and diversity in everything we pursue. Our clients see the results as we address their needs, solve their problems and bring new ideas. As a distinguished market leader, we offer challenging career opportunities in an exciting environment. Our future success as a firm depends on our ability to attract, develop and retain the very best people in the business. Our values define who we are, underscore our commitment to clients and provide direction for everything we do. Our unique culture has been recognized by industry experts and our peers. We are: * A "best company to work for' in multiple locations around the globe, including Chicago, San Francisco, London, Ireland, Shanghai and Hong Kong * World's Most Ethical Companies from Ethisphere Institute for seven consecutive years * America's 100 Most Trustworthy Companies from Forbes Magazine * #1 Top Corporate Real Estate Firm 2013 from Watkins Research Group, Inc. for six consecutive years This partial list of awards demonstrates our record of achievement and our commitment to fostering an award-winning culture. For further information, visit www.jll.com. Information Security Statement Employees are expected, at all times, to perform their responsibilities in accordance with the JLL Code of Business Ethics and the firm's corporate policies. Employees granted access to the firm's information technology are expected to follow the firm's guidance designed to promote best practices for information security, data privacy and the appropriate use of technology systems. JLL is committed to developing and maintaining a diverse workforce, and strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship. Please visit www.JLL.com for additional information on JLL's commitment to equal opportunity.