Description

As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

The Dealer Commercial Services team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our 500+ franchised retail automobile dealers. The Special Credits Group focuses on risk-management and maximization of recovery on Dealer Commercial Services credit exposure through early intervention and financial restructuring for stressed dealers. The Special Credits Group plays a key role in identifying credit issues, allowing the business and firm to risk manage deteriorating exposures effectively. The team manages bankruptcies, litigious/settlement situations, liquidations/wind-downs, foreclosure as well as exit strategy clients. The team also advises and assists internal teams in structuring of credit for client with a deteriorating financial condition.

We are searching for an experienced Special Credits Officer to manage a portfolio of Dealer Commercial Services clients and their loan commitments representing our largest and most complex problem credits. The Dealer Commercial Services Special Credits Officer plays an integral role in the management of problem credits focusing on risk management and maximization of recovery on Dealer Commercial Services loans underwritten for automobile dealerships. As a part of the team, you may also be responsible for underwriting a portfolio of performing clients. The ideal candidate 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. Effective candidates will possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles.

Job Responsibilities:

• Manage a portfolio of problem credits in the role of Special Credits Officer and support the Head of Special Credits with additional responsibilities as assigned including, but not limited to, leading and contributing to special projects related to credit topics and issues
• Interfacing regularly with borrowers, financial advisors, and outside counsel in order to generate the best solution for repayment of credit exposure
• Formulation of strategies and presentation of recommendations to internal and senior management on distressed situations in either an advisory or managed capacity
• Preparation of valuations for reserving and charge-off analysis on individual problem loans and support the firm's work in forecasting for non-performing loans, charge-offs and recoveries
• Utilize commercial credit skills to determine capacity of operating entities to repay financial obligations through analysis of company prepared / audited financial statements and detailed cash flow analysis and prepare written credit reviews which assesses credit opportunities, identify key risks with appropriate structure to mitigate risks including covenants, terms, and conditions for approval
• Proactive, full ownership of portfolio management responsibilities including annual reviews, loan modifications, covenant breaches inventory audits, overline management, and analyzing trends in key dealer metrics
• Mentoring and training of Associate level SCG Officers

Required qualifications, capabilities, and skills:

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or equivalent work experience if non-Finance related degree / Master of Business Administration
• 7+ years commercial underwriting / automotive captive experience, with significant knowledge of accounting, risk grading, cash flow analysis, financial statement analysis, franchise value analysis, loan structuring, and market
• Experience underwriting commercial loans to franchised auto dealerships, or equivalent, including floor plan, real estate, and acquisition lending
• Superior analytical, interpersonal, analysis, and problem-solving skills supported by excellent written and verbal communication including presenting to executive-level management
• Demonstrated judgment and ability to act decisively
• Expert knowledge of credit philosophy and policies, understanding of commercial loan documentation requirements, and related legal issues

Preferred qualifications, capabilities, and skills:

• Prior experience in a Special Credits / Problem Credit role desired but not required

About the Team

Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

Equal Opportunity Employer/Disability/Veterans