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Commercial Banking - Credit Support Specialist I - Columbus, OH

Req #: 180029648_1
Location: Dallas, TX, US
Job Category: Operations
Job Description:
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as fully paid parental leave time, health care insurance and retirement benefits.
 
Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.
 
Working with Commercial loans, the Credit Support Specialist serves as the primary liaison between the Business Relationship Manager (BRM) and Credit Coordinator (CC) with respect to entity review, collateral review, Commercial due diligence review and loan documentation for approved loans.

The Credit Support Specialist is responsible for review of approval, determination and verification of due diligence to ensure loan will be closed in accordance with approval as well as preparation or coordination of preparation of appropriate loan documentation for new, renewal, & modification of loans. Independently identifies and manages vendor and documentation risk to the bank.

Typical Job Duties
  • Reviews Commercial credit application packages for adherence to credit policy and determination of appropriate due diligence necessary to ensure proper collateral position.
  • Reviews the following: business entity and organizational documents to include trust agreements, good standing of business entities, CC searches, and Purchase Agreements etc. as required.
  • Coordinates obtaining or ordering and reviews: equipment valuations, flood checks, as well as other reports and information.
  • Evaluates all reports and information received with respect to collateral evaluation & verification to determine if terms and conditions of the credit approval will be met.
  • Prepares the loan and compliance documentation necessary to protect the bank's interest.
  • Requires 1+ years Commercial loan experience or related loan document experience and compliance
  • Prefer excellent knowledge of loan documentation, & perfection of collateral, laws and regulations affecting appropriate due diligence
  • Able to act independently in a high volume environment.
  • Excellent attention to detail, communication skills and PC skills.
  • Able to communicate well and work independently
  • College degree or equivalent work experience
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