JPMorgan Chase Commercial Banking - Wholesale Lending Services - Credit Support Senior Specialist (Phoenix, AZ) in Columbus, Ohio
The Credit Support Senior Specialist is a relationship based position that works closely with Bankers, Underwriters, Legal Counsel, and others, as an Operations function within the deal team to coordinate tasks for commercial loan facilities to auto dealerships.
The Credit Support Senior Specialist will have contactwith clients, as directed by the Banker managing the client relationship.
Works with complex commercialloans for auto dealerships, which includes, but is not limited to thefollowing types of financing:Floorplan, Acquisition, Term Notes, Lines of Credit, Real Estateand Construction, and Letters of Credit.
Serves as the primary liaison for loantransactions to coordinate tasks necessary to document and close loans,such as due diligence collection, entity review, collateral review andloan documentation for approved loans.
Responsible for review of the credit approval,verification of due diligence to ensure loan will be closed in accordancewith approval, as well as coordination of appropriate loan documentation preparationfor new, renewal, & modification of loans.
Independently identifies and manages vendorand documentation risk to the bank.
Reviews loan packages for adherence tocredit approval and determination of appropriate due diligence necessaryto ensure proper collateral position.
Reviews the following but not limited to:business entity and organizational documents to include all types ofentities, good standing of business entities, and Uniform Commercial Code(UCC) searches, as required.
Coordinates ordering, obtaining andreviewing title work, surveys, appraisal and environmental reports, flooddeterminations and requisite compliance, all types of insurance, as wellas other reports and information as loan structure requires.
Evaluates all reports and informationreceived with respect to collateral evaluation & verification todetermine if terms and conditions of the credit approval will bemet.
Prepares the loan and compliancedocumentation necessary to protect the bank's interest.
Requires experience preparing and/or reviewing commercialloan documentation.
Experience with commercial real estate title work,surveys, construction lending & loan documentation.
Knowledge of commercial loan products, business loansales and underwriting processes.
1+ years compliance experience preferred, which includesflood insurance requirements.
Excellent knowledge of laws and regulations affectingappropriate due diligence,realestate lending, loan documentation & perfection of collateral.
Excellent attention to detail, communication skills andPC skills.
Able to communicate well and work independently in ahigh volume fast paced environment.
College degree, paralegal, or equivalent workexperience.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.