Wholesale Credit, Special Credits Underwriter, Dealer Commercial Services
Company: JPMorgan Chase & Co.
Posted on: January 15, 2022
This position reports up through Consumer and Community Banking
Risk; however, Dealer Commercial Services (DCS) is a specialized
commercial lending group that works with automobile dealers.
As a Special Credits Underwriter you will be a contributing member
of the team. You will be focused on managing a portfolio of
marginal to adversely graded credit relationships with the purpose
of improving the overall quality of the portfolio through
negotiating satisfactory repayment/exposure management, obtaining
additional collateral and/or restructuring credit facilities, as
appropriate. In addition, you will have some direct client
engagement to enforce performance improvement plans and work on
A successful individual must possess and apply a broad
understanding of the business environment including the auto
industry, current events, and economic cycles. With guidance, you
will be expected to structure deals appropriately that are within
your credit authority and provide guidance and recommendations on
deals outside of your credit authority. You will be expected to
work independently and be a key resource concerning credit issues,
bankruptcy and policy expertise.
Job responsibilities will include but are not limited to:
Assist with the mentoring, coaching, and providing ongoing training
and development of staff
Workout Management: understanding of the workout process,
negotiation strategies and understanding of proper reporting to
management according to bank policies and OCC requirements
Portfolio Management: ongoing credit management for watch list,
marginal clients, through periodic watch process and escalation of
potential loss scenarios with a focus on actionable items and time
Quality of Underwriting: ensure consistent quality underwriting
packages that comply with regulations and the Bank's policies and
Credit Approval: ability to prioritize multiple tasks to meet
customer deadlines while ensuring the credit integrity of
Build/Maintain Strong Partnerships: participate in deal teams and
customer meetings to discuss alternative credit structures
5+ years' commercial banking / lending experience including
extensive credit, structuring and marketing experience.
Commercial banking / automotive captive experience, with thorough
knowledge of accounting and financial statement analysis.
Superior analytical skills supported by excellent written and
verbal communication skills.
Demonstrated judgment and ability to act decisively.
Ability to manage a transaction.
Expert knowledge of credit philosophy and policies, loan
documentation, bankruptcy and related legal issues.
Thorough knowledge of the Bank's policies and procedures, as well
as its products and their inherent risks.
Recognized leadership capacities.
Keywords: JPMorgan Chase & Co., Plano , Wholesale Credit, Special Credits Underwriter, Dealer Commercial Services, Other , Plano, Texas
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