Credit Support Analyst

JPMorgan Chase - Plano, TX

Full-time

Plano, TX

Credit Intermediation and Related Activities

About the position

Wholesale Lending Services (WLS) supports several lines of businesses that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank. Credit Monitoring sits within the WLS and provides Credit Compliance Monitoring for the Commercial Banking Loan Portfolio. 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. In this position, you will determine whether corporate borrowers have breached covenants, and as a result, have defaulted on the terms of their credit agreements. You will interpret credit agreements and other legal documents to determine which co-borrowers, guarantors, and other parties to the agreements require setup in the bank's system of record for future covenant compliance evaluation. Additionally, you will perform credit analysis, review documentation, and monitor ongoing compliance with financial covenants within an assigned portfolio of borrowers. You will independently calculate cash flow and leverage ratios in accordance with specific terms laid out in credit agreements. Developing a strong knowledge of secured lending products, including borrowing base credit facilities, will be essential. You will also determine the grid-based performance pricing that applies to borrowers so the bank gets adequately compensated for credit risk. Adhering to the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partners will be a critical part of your role.

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 setup in the bank's 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 borrowers 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.

Requirements

• Ability to identify and summarize key points in written reviews of credit-related transactions.
• 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.
• High proficiency in using MS Office tools including MS Excel.

Nice-to-haves

• Bachelor's degree in Business/Accounting preferred.