Credit Support Analyst
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Department:
Job Summary
Wholesale Lending Services supports several lines of businesses that include Business Banking Commercial Bank Global Wealth Management and Investment Bank. Located in globallythe Credit Monitoring Center of Excellence within WLS is a high-volume production-based operation function responsible for Credit Compliance Monitoring for the Commercial Banking Loan Portfolio.
Job summary
As a Credit Monitoring Analyst within the Commercial Bank team you will be tasked with assessing compliance with credit agreement terms for a designated portfolio of borrowers. Your role will involve interpreting financial and other covenants included in credit agreements to ascertain whether borrowers are adhering to the terms of the credit agreements or are in default. Your responsibilities will encompass both syndicated loans and bilateral agreements.
Job Responsibilities
- Determine whether corporate borrowers have breached covenants and as a result have defaulted on the terms of their credit agreements
- Interpret credit agreements and other legal documents to determine which co-borrowers guarantors and other parties to the agreements require set up in banks system of record for future covenant compliance evaluation
- Perform credit analysis review documentation and monitor ongoing compliance with financial covenants within an assigned portfolio of borrowers
- Independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements
- Develop strong knowledge of secured lending products including borrowing base credit facilities
- Determine the grid-based performance pricing that applies to borrower so the bank gets adequately compensated for credit risk
- 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
Required qualifications skills and capabilities
- Bachelors degree in business/accounting
- Minimum 3 years of experience in banking and/or doing financial analysis
- Experience in credit monitoring activities including but not limited to legal documentation review financial covenants credit analysis cash flow and leverage ratio calculations
- Ability to identify and summarize key points in written reviews of credit-related transactions & High proficiency in using MS Office tools including MS Excel
- Understanding of loan products including documentation for revolving lines of credit term loans borrowing bases etc..
- Strong verbal & written communication to effectively communicate with various stakeholders and across levels & Ability to work independently with minimum supervision including demonstration of good time management
Required Experience:
IC
Key Skills
- Financial Statement Preparation
- Credit Analysis
- Cash Flow Analysis
- Math
- Banking
- Analysis Skills
- UCC Law
- Underwriting
- Financial Analysis
- Financial Modeling
- Financial Report Interpretation
- Word Processing
About Company
JPMorganChase, 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 ov ... View more
