Credit Support Analyst
Posted on: 3 Apr 2021
Indianapolis, IN
Job Description
* The Credit Support Analyst will have contact with internal bankers, third party financial institutions and WLS centralized business partners.
* Works with complex commercial loans for auto dealerships, which includes, but is not limited to the following types of financing: Floorplan, Acquisition, Term Notes, Lines of Credit, Real Estate and Construction, and Letters of Credit.
* Serves as a support liaison for loan transactions to coordinate tasks necessary to document and close loans, such as due diligence collection, entity review, collateral review and loan documentation for approved loans.
* Responsible for review of the credit approval, verification of due diligence to ensure loan will be closed in accordance with approval, as well as coordination of appropriate loan documentation preparation
* Independently identifies and manages documentation risk to the bank.
* Reviews loan packages for adherence to credit approval and determination of appropriate due diligence necessary to ensure proper collateral position and adherence to match funding requirements
* Manage incoming workflow with a visual of upcoming closing and funding activites
* Initiate wires to title companies and third party financial instiution in accordance with the firms standards and guidelines for money movement
* Escalate requests outside of SLA to improve the customer experience with a sense of urgency
* Maintain a working knowledge of required systems and procedure changes to support deal setup and funding activities that evolve
Qualifications:
* Requires experience reviewing, and interpreting Floorplan and/or commercial loan documentation.
* Experience with loan documentation, including Credit Agreements and Promissory Notes, and Disbursement Agreements.
* Knowledge of back office operational functions such as client service, credit support, deal setup and funding.
* Knowledge of money movement processes including, wire processing and internal MITS processing,
* Knowledge of commercial loan products, business loan sales and underwriting processes.
* Excellent attention to detail, communication skills and PC skills.
* Above average quality of work with minimal error rate.
* High level of ability to communicate with multiple stakeholders and work independently in a high volume fast paced environment.
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
-
IndustryBanking/Financial Services
-
No. of Employees255,998
-
Website
-
Jobs Posted9051
