JP Morgan Chase & Co.

Credit Support Analyst

JP Morgan Chase & Co. • $70K — $95K *
Plano, TX 75025In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 3+ years in Credit Monitoring, Credit Administration, Credit Review, or Loan Operations
  • Experience with Credit Agreements and Syndicated Loan Structures
  • Knowledge of facility types like Revolvers, Term Loans, and Asset-Based structures
  • Understanding of loan products including revolving lines of credit and term loans
  • Attention to detail and risk discipline
  • Strong verbal and written communication skills
  • High proficiency in MS Office, especially MS Excel

Responsibilities

  • Set up reporting requirements for various credit agreements in the bank system
  • Translate legal terms into operational compliance needs
  • Conduct ongoing monitoring of borrower's financial covenants
  • Interpret legal documents to identify required parties for compliance setup
  • Review documentation for compliance with bilateral agreements and syndicated loans
  • Calculate cash flow and leverage ratios as per credit agreement terms
  • Perform Borrowing Base calculations and validate collateral documentation
  • Ensure adherence to quality control standards and service level agreements
  • Collaborate with Risk, Credit, and Operations teams to resolve documentation discrepancies

Benefits

  • Comprehensive health insurance
  • Retirement savings options
  • Generous paid time off policy
  • Professional development opportunities
  • Collaborative work environment
Full Job Description
Job Description

Wholesale Lending Services (WLS) supports several lines of businesses that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank. Credit Monitoring sits within the WLS and provides Credit Compliance Monitoring for the combined Commercial and Investment Bank Loan Portfolio.

As a Credit Monitoring Analyst within Wholesale lending Services, you will be responsible for assessing compliance with credit agreement terms. In this role, you will interpret financial and other covenants included in credit agreements to determine whether borrowers are meeting the terms of the credit agreements or are in default. The credit agreements cover syndicated loans and bilateral agreements.

Job Responsibilities
  • Complete set up of reporting requirements and financial covenants in a wide variety of new credit agreements and other executed documents in the bank system, including Syndicated Credit Agreements and other externally prepared agreements
  • Translate legal and structural terms into operational and monitoring requirements for ongoing compliance
  • Conduct periodic reviews and continuous monitoring of the borrower's financial covenants and collateral based on the credit agreement requirements
  • Interpret complex attorney/externally prepared credit agreements and other legal documents to determine which co-borrowers, guarantors, and other parties to the agreements require set up in bank's system of record for future covenant compliance evaluation
  • Review documentation and monitor ongoing compliance with financial covenants with bilateral agreements and syndicated loans from different lending institutions
  • Independently calculate cash flow, leverage ratios, and required covenant values in accordance with specific terms laid out in credit agreements
  • Perform detailed Borrowing Base calculations and reconciliations for Secured Lending cases
  • Validate collateral documentation such as AR aging, inventory listings, and ineligible summaries
  • Compare executed Credit Agreements to the corresponding Credit Approval and term sheets to verify alignment and report discrepancies
  • Adhere to the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners
  • Partner with Risk, Credit, and Operations teams to resolve discrepancies or clarifications within loan documentation and operation


Required Qualifications, Capabilities, and Skills
  • Three or more years of experience in Credit Monitoring, Credit Administration, Credit Review, or Loan Operations in Commercial, Business, or Investment Banking
  • Proven experience reviewing and interpreting Credit Agreements and Syndicated Loan Structures
  • Maintain strong knowledge of various facility types, including Revolvers, Term Loans, LCs, Bridge Loans, and Asset-Based structures
  • Working knowledge of various facilities structures including Asset Based Lending, Real Estate Banking and Security Valuation
  • Understanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.
  • Strong understanding of facility structures and their downstream operational effects.
  • Excellent attention to detail, accuracy, and risk discipline
  • Strong verbal and written communication to effectively communicate with various stakeholders and across levels
  • Ability to work independently with minimum supervision including demonstration of good time management
  • High proficiency in using MS Office tools including MS Excel


Preferred Qualifications, Capabilities, and Skills
  • Bachelor's degree in business/accounting preferred


About the Team

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

About JP Morgan Chase & Co.

JP Morgan Chase & Co. stands at the forefront of the global financial services industry. They offer an expansive array of products and services to a diverse clientele, including individuals, corporations, governments, and institutions. Ever since the merger of J.P. Morgan & Co. and Chase Manhattan Corporation in 2000, this industry-leading entity has become renowned for its comprehensive portfolio encompassing consumer and community banking, corporate and investment banking, commercial banking, as well as asset and wealth management. Headquartered in the vibrant city of New York, JP Morgan Chase & Co. boasts a formidable presence across over 100 countries worldwide.

Unveiling Employment Opportunities at JP Morgan Chase & Co.

Vacancies and Hiring Initiatives

JP Morgan Chase & Co. is continuously on the lookout for talented individuals eager to contribute to its legacy of excellence. The company's recruitment efforts are geared towards identifying candidates with the right blend of skills and qualifications to drive forward its various business segments. Whether you are a seasoned professional or a recent graduate, JP Morgan Chase offers a plethora of job openings across multiple disciplines.

High-Demand Positions

Among the myriad of roles, certain positions stand out for their attractive compensation packages and career advancement prospects. Notably, high-paying jobs at JP Morgan Chase & Co. include Relationship Manager, Branch Manager, and Software Engineer. These roles are critical to the firm's operations and offer lucrative opportunities for those with the requisite expertise.

Navigating the Job Market at JP Morgan Chase & Co.

Leveraging Job Portals and Job Alerts

For job seekers aiming to tap into the opportunities at JP Morgan Chase, staying updated through job portals and subscribing to job alerts is crucial. These tools can provide timely information about job openings, job fairs, and recruitment events, enabling candidates to apply promptly and prepare adequately for interviews.

Preparing Your Job Application

Your job application, comprising your resume and cover letter, is your ticket to securing an interview at JP Morgan Chase. Highlight your qualifications, skills, and experiences that align with the job listing, ensuring you stand out in the competitive job market.

Acing the Interview

Preparation is key to succeeding in your interview with JP Morgan Chase. Familiarize yourself with the company's business segments, values, and recent achievements. Demonstrating how your background and aspirations match the company's goals can significantly increase your chances of employment. A World of Job Opportunites in the Financial Services Industry JP Morgan Chase & Co. offers a world of job opportunities for those seeking to make their mark in the financial services industry. With competitive salaries, comprehensive benefits, and endless possibilities for growth, positions at JP Morgan Chase are highly coveted. By staying informed through job sites, tailoring your applications, and preparing thoroughly for interviews, you can enhance your prospects of joining the esteemed ranks of JP Morgan Chase employees. Explore the job board, seize the job opportunities, and embark on a rewarding career journey with one of the world's leading financial institutions.
Learn more about JP Morgan Chase & Co.
Size
661 employees
Market Cap
$384.5 billion
Industry
Finance & Insurance
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ
CCF
* Ladders Estimates

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