Credit Officer, Vice President - Asset Based Lending
Job Responsibilities
- Manage portfolio of ABL clients, monitor financial performance trends, borrowing base trends, and covenant compliance and lead credit relationship with client and internal stakeholders
- Perform due diligence for loans, derivatives, leases, and cash management including: financial due diligence, financial modeling, field exam, appraisal, and legal diligence
- Assign and assess internal ratings, risk assessment and risk mitigation. Recommend changes in structure or account management strategy to address negative trends
- Interpret collateral appraisals and field exams. Ongoing monitoring of collateral trends and liquidity, establishing reserves and recommending appropriate course of action to address issues
- Lead ABL credit structuring and legal document negotiations, as well as point person on amendments and waivers
- Communicate with Senior Management, respond to regulatory requests, and maintain internal credit files
- Train and mentor junior team members
Required Qualifications, Capabilities, And Skills
- 5+ years' experience in commercial banking, credit risk, portfolio management and underwriting with Asset Based Lending financing knowledge
- Strong understanding of capital markets, financing structures, derivatives and cash management products as well as related documentation
- Excellent communication and presentation skills - both written and verbal
- Strong interpersonal and relationship development skills
- Proficiency in Microsoft Excel, Word, PowerPoint and Outlook
- Bachelor's degree
About Us
JPMorgan Chase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility.
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.