JP Morgan Chase & Co.

Risk Management - Credit Officer - Associate

JP Morgan Chase & Co.$70K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, Economics, or equivalent experience; MBA preferred.
  • Minimum of 1 year of commercial credit analysis or automotive experience with knowledge in accounting and risk grading.
  • Hands-on experience with commercial loans tailored to franchised auto dealerships, including floor plan lending.
  • Exceptional analytical skills alongside superior written and verbal communication abilities.
  • Demonstrated judgment and decisiveness in financial decision-making.
  • Detailed knowledge of credit policies, loan documentation, and legal issues.

Responsibilities

  • Prepare comprehensive credit reviews assessing opportunities and risks, proposing structures to mitigate identified risks.
  • Analyze financial statements and cash flow to determine repayment capacity of clients.
  • Complete risk ratings for obligors and facilities with thorough documentation justifying risk grades.
  • Manage a portfolio of loans, including annual reviews and modifications, while addressing covenant breaches and trends in dealer metrics.
  • Engage with clients directly, supporting bankers in fostering relationships.
  • Proactively collaborate with internal and external parties to advance transaction progress efficiently.
  • Utilize strong communication skills to identify issues and devise effective solutions.

Benefits

  • Opportunity to manage a substantial portfolio of approximately $250 million in loan commitments.
  • Enhance expertise in the dynamic automotive lending sector with diverse loan products.
  • Work within a specialized team dedicated to supporting franchised automobile dealers.
  • Gain exposure to a wide array of analytical and decision-making tasks in commercial credit.
Full Job Description
JOB DESCRIPTION

As a Commercial Credit Officer Associate in Dealer Commercial Services, you will be responsible for analyzing commercial loans to prospects/existing customers, collaborating with banking partners, and structuring transactions that are consistent with our company’s policies and procedures. You will take ownership of the credit process and possess the ability to multi-task, prioritize deal flow and meet delivery deadlines, while making decisions in the best interest of the customer and organization. You will possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles. 

 

The Dealer Commercial Services team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our 450+ franchised retail automobile dealers. We are searching for an experienced Commercial Credit Officer to manage a portfolio of approximately $250 million in loan commitments. 

 

Job Responsibilities:

  • Utilizing excellent commercial credit skills to prepare written credit reviews which assesses credit opportunities, identifies key risks with appropriate structures to mitigate risks including covenants, terms, and conditions for approval

  • Determining capacity of operating entities to repay their financial obligations through analysis of company-prepared/audited financial statements and detailed cash flow analysis 

  • Completing obligor and facility risk ratings with documented rationale for the final risk grades 

  • Own portfolio management responsibilities including annual reviews, loan modifications, covenant breaches, inventory audits, overline management, and analyzing trends in key dealer metrics 

  • Interacting with clients, virtually or in person, in conjunction with the Banker

  • Working proactively, in a constructive, diplomatic manner, with both internal and external contacts to keep transactions moving.

  • Demonstrating excellent communication skills both internally and externally and using those communication skills to effectively solve problems 

 

Required qualifications, capabilities, and skills 

  • Bachelor of Arts in Finance, Accounting, Business Administration, Economics, or equivalent work experience if non-Finance related degree / Master of Business Administration

  • 1+  years commercial credit analysis / automotive captive experience, with thorough knowledge of accounting, risk grading, cash flow analysis, financial statement analysis, loan structuring, and market

  • Hands-on experience analyzing commercial loans to franchised auto dealerships, or equivalent, including floor plan lending. 

  • Superior analytical skills supported by excellent written and verbal communication skills 

  • Demonstrated judgment and ability to act decisively

  • Expert knowledge of credit philosophy and policies, understanding of commercial loan documentation requirements, and related legal issues  

 

 

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.

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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
Net Income
$29.1 billion
Founded
1823
5 Year Trend
+0.7%
Revenue
$261.5 million
NASDAQ

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