JPMorgan Chase Commercial Bank - Credit Compliance Analysis Specialist - Wholesale Credit Operations (Columbus, OH) in Columbus, Ohio
JP Morgan 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.
Ensure customers’ ongoing compliance with credit agreements by completing a number of analyses:
Set-up and calculate a variety of Financial Covenants (ratios) using complex commercial financial statements from customers with different accounting policies
Determine Performance Pricing and initiate any required pricing changes on various systems
Calculate borrowing base and marketable securities collateral availability on customers’ facilities per required agreements
Act in an advisory role to credit underwriters on loan agreement / covenant structure
Ownership of internal communication and status updates to all involved parties
Manage internal partner expectations
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)
Ability to read and interpret complex legal agreements to identify a variety of covenants
Knowledge of financial documents including financial statements, accounts receivable and inventory reports, etc. with ability to identify inadequacies and irregularities
High level of accounting knowledge to interpret/analyze the impact of different accounting policies and statement formats on financial covenant calculations
Knowledge of the Firm’s or similar financial institution’s Credit Policy (preferred)
Experience with related credit systems such as CLASS, LoanIQ, ARC/iCRD, Deal Works, etc.
Ability to work independently with strong attention to detail and high accuracy and efficiency level
Creative problem solving and solid judgment/decision making skills
Excellent verbal, written, and organizational skills
Ability to multi-task effectively and leverage internal resources
Strong client focus and ability to partner with various internal groups
Demonstrate high level of accuracy and productivity
Ability to interact with people at all levels within the organization
Independent, self-motivated with an ability to adapt and be flexible in a team environment under a high pressured situation
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.