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Multifamily Risk Management Jobs in Chicago, IL (NOW HIRING)

Heitman LLC

VP, Asset Management, Multifamily

Chicago, IL · On-site

$160 - $190/hr

... and risk-return analysis. * Evaluate performance against budgets, business plans, and internal ... asset managing multifamily assets. T itle and years of experience may vary based on scope and ...

Heitman

VP, Asset Management, Multifamily

Chicago, IL · On-site

$160 - $190/hr

... and risk-return analysis. * Evaluate performance against budgets, business plans, and internal ... asset managing multifamily assets. Title and years of experience may vary based on scope and ...

Heitman

VP, Asset Management, Multifamily

Chicago, IL · On-site

... and risk-return analysis. * Evaluate performance against budgets, business plans, and internal ... asset managing multifamily assets. Title and years of experience may vary based on scope and ...

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All JobsMultifamily Risk Management JobsMultifamily Risk Management Jobs in Chicago, IL

Multifamily Risk Management information

See Chicago, IL salary details

$53.1K

$114.9K

$175.1K

How much do multifamily risk management jobs pay per year?

As of Aug 12, 2026, the average yearly pay for multifamily risk management in Chicago, IL is $114,919.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $132,900.00 per year, depending on experience, location, and employer.

What is multifamily risk management?

Multifamily risk management involves identifying, assessing, and mitigating potential risks that can impact multifamily properties, such as apartment complexes or condominiums. This includes addressing financial, operational, regulatory, and environmental risks to ensure the property's value and profitability are protected. Professionals in this field work to minimize losses from events like natural disasters, tenant issues, legal liabilities, and market fluctuations by implementing insurance strategies, compliance measures, and proactive maintenance plans.

What are common challenges faced in multifamily risk management and how can they be addressed?

Professionals in Multifamily Risk Management often encounter challenges such as assessing diverse property risks, staying current with regulatory changes, and coordinating with multiple stakeholders like property managers, lenders, and insurance providers. Addressing these challenges requires strong analytical skills, clear communication, and ongoing education on industry standards and compliance. Building strong relationships with team members and external partners, as well as leveraging technology for risk assessment, can help streamline processes and mitigate potential issues.

What are the key skills and qualifications needed to thrive in multifamily risk management, and why are they important?

To excel in Multifamily Risk Management, you need expertise in real estate finance, property analysis, and risk assessment, typically supported by a degree in finance, business, or a related field. Familiarity with risk modeling software, property management systems, and industry certifications like ARM (Accredited Residential Manager) are valuable. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart. These competencies are critical for identifying, mitigating, and communicating potential risks to protect asset value and ensure regulatory compliance in multifamily housing portfolios.

What is the difference between Multifamily Risk Management vs Multifamily Underwriting?

AspectMultifamily Risk ManagementMultifamily Underwriting
Primary FocusIdentifying and mitigating risks related to multifamily property investments and operationsAssessing financial viability and determining loan or investment terms for multifamily properties
Required CredentialsRisk management certifications, property management experience, knowledge of insurance and safety protocolsFinancial analysis certifications, real estate licenses, underwriting training
Work EnvironmentProperty sites, insurance companies, risk consulting firmsBanking institutions, lending departments, real estate investment firms

While both roles involve multifamily properties, Multifamily Risk Management focuses on minimizing risks associated with property operations and safety, whereas Multifamily Underwriting concentrates on evaluating financial risks to determine loan or investment terms.

Is risk management a profitable career?

Risk management is generally a profitable career, especially in industries like finance, insurance, and real estate where specialized skills and certifications can lead to higher salaries. Professionals in this field often have opportunities for advancement and increased earning potential with experience and additional qualifications.

Are risk managers in high-demand?

Risk managers, including those in multifamily risk management, are in high demand due to increasing focus on property safety, compliance, and financial stability. Employers seek professionals with strong analytical skills, industry certifications, and knowledge of risk assessment tools to manage potential liabilities effectively.
What are popular job titles related to Multifamily Risk Management jobs in Chicago, IL? For Multifamily Risk Management jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Multifamily Risk Management jobs in Chicago, IL look for? The top searched job categories for Multifamily Risk Management jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Multifamily Risk Management jobs? Cities near Chicago, IL with the most Multifamily Risk Management job openings:
Multifamily Risk Management jobs near you

Risk Management - Credit Officer - Senior Associate

Chase

Chicago, IL • On-site

Other

Re-posted 16 days ago

Chase Bank rating

8.1

Company rating: 8.1 out of 10

Based on 156 frontline employees who took The Breakroom Quiz

66th of 171 rated banks

Job description

Credit Officer Senior Associate

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgment to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

Job Summary:

As a Credit Officer Senior Associate within the Credit Risk team, you will evaluate and identify risks and interpret data to support management in making well-informed credit decisions on multifamily commercial real estate loan requests. You will operate in a dynamic, high-volume, and fast-paced environment, analyzing loans ranging from $1 million to $25 million+. You will be part of a highly collaborative team that prioritizes learning, professional development, inclusivity, and mentorship.

Job Responsibilities:

  • Oversee all aspects of credit analysis on loans secured by multifamily and other types of commercial real estate
  • Evaluate and manage risks in each transaction
  • Build and maintain strong relationships with internal business stakeholders including sales, processing, closing, and legal
  • Apply relevant policies, standards, procedures, and regulatory requirements to all credit analysis activities
  • Apply data analysis techniques to interpret results and provide insights and recommendations to management
  • Serve as a technical expert in addressing inquiries and resolving system-related issues specific to credit risk analysis and management tools
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge

Required qualifications, capabilities, and skills:

  • Bachelor's degree in a business or finance concentration
  • 3 years of experience in commercial real estate lending or 5 years of other banking or finance experience
  • Thorough understanding of multifamily real estate property valuations and cash flow analysis
  • Strong financial analysis skills, including evaluating property cash flows, property valuation, and personal financial statements
  • Ability to manage competing priorities effectively in a collaborative, high volume environment while maintaining attention to detail
  • Excellent verbal and written communication and problem-solving skills
  • Ability to prioritize, plan, and manage processes to complete credit analysis and other assignments as needed
  • Familiarity with regional commercial real estate markets and municipal regulations
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems

Preferred qualifications, capabilities, and skills:

  • Advanced degree in a related field or real estate coursework
  • Experience as a loan underwriter in commercial real estate and agency lending (e.g. Fannie Mae or Freddie Mac)
  • Experience with proprietary credit risk management tools.
  • Experience with large language model tools

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