Commercial Banking - Credit Compliance Analysis Specialist - Wholesale Lending Services - Columbus, OH
Req #: 170105408
Location:
Columbus,
OH,
US
Job Category: Operations
Job Description:
JPMorgan Chase & Co. Commercial Bank 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.
Wholesale Lending Services (WLS) exists within the Commercial Bank and provides a broad array of syndicated and bi-lateral loan servicing support to the Firm’s Wholesale Lending Businesses. These functions include Loan Documentation Prep & Coordination, Credit Administration, Deal Closing/Funding, Credit Compliance Monitoring, Agent and Non-Agent Loan Servicing, Trade processing, and Collateral Perfection/ Management.
Credit Services sits within the WLS Middle Office and provides Credit Compliance Monitoring for the Commercial Banking Loan Portfolio. This includes Covenant Document Tracking, Financial Covenant Monitoring, Borrowing Base Monitoring and Security Valuation Monitoring.
The Credit Support Specialist works with the underwriting staff across Commercial Banking sub-lines of business (MMBSI, CCBSI, REB, CDB, and ABL) and is responsible for monitoring customers’ compliance with credit agreements.
Core Responsibilities:
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Ensure customers’ ongoing compliance with credit agreements by completing a number of analyses:
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Set-up and calculate a variety of Financial Covenants (ratios) using complex commercial financial statements from customers with different accounting policies
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Determine Performance Pricing and initiate any required pricing changes on various systems
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Calculate borrowing base and marketable securities collateral availability on customers’ facilities per required agreements
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Act in an advisory role to credit underwriters on loan agreement / covenant structure
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Ownership of internal communication and status updates to all involved parties
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Manage internal partner expectations
Required Qualifications:
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Bachelor’s degree in accounting or other business specialty with minimum 6 hours accounting and a minimum GPA of 3.0/4.0 strongly preferred; or, equivalent work experience in financial industry (typically 5+ years)
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Ability to read and interpret complex legal agreements to identify a variety of covenants
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Knowledge of financial documents including financial statements, accounts receivable and inventory reports, etc. with ability to identify inadequacies and irregularities
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High level of accounting knowledge to interpret/analyze the impact of different accounting policies and statement formats on financial covenant calculations
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Knowledge of the Firm’s or similar financial institution’s Credit Policy (preferred)
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Experience with related credit systems such as CLASS, LoanIQ, ARC/iCRD, Deal Works, etc.
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Ability to work independently with strong attention to detail and high accuracy and efficiency level
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Creative problem solving and solid judgment/decision making skills
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Excellent verbal, written, and organizational skills
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Ability to multi-task effectively and leverage internal resources
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Strong client focus and ability to partner with various internal groups
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Demonstrate high level of accuracy and productivity
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Ability to interact with people at all levels within the organization
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Independent, self-motivated with an ability to adapt and be flexible in a team environment under a high pressured situation