JP Morgan Chase - Associate - Wholesale Credit - Business Banking - Special Credit Officers - CCB Risk

Business Banking provides deposit, credit, and cash management services to small businesses with annual revenue up to $20MM. As a Special Credits Officer in Business Banking Risk, you will manage and service a problem credit portfolio of approximately 35 small business client relationships. Client exposure is typically >$500,000, and the number of clients assigned will vary based on size and complexity.

Core responsibilities:

- Review existing collateral and loan documentation for assigned loans to identify errors, omissions, or other deficiencies, and remediate as needed and to the extent possible.

- Obtain current financial information and collateral valuation(s) in accordance with procedures and evaluate client's financial strength / capacity and collateral to repay outstanding debt.

- Assess client and facility risk ratings in accordance with procedures.

- Determine stay / leave strategy for individual clients and develop / implement a plan of action to protect and improve the bank's position in the credit.

- Negotiate satisfactory restructure of credit facilities and obtain additional collateral as appropriate.

- Monitor progress in accordance with approved strategy, and timely document systems to reflect current status.

- Initiate appropriate legal action when necessary to protect interests of the bank, including litigation and liquidation / foreclosure of collateral.

- Document all contacts, agreements and discussions that transpire with the client, outside vendors and attorneys.

- Timely submission of loans to the Small Business Administration (SBA) for repurchase when the defaulted credit facility is enhanced with a SBA guarantee.

Qualifications:

- Minimum 4+ years of commercial collections and problem credit management experience

- Strong working knowledge of financial statement analysis, standard accounting practices, accounts receivable/borrowing base analysis, and collateral perfection

- Expert understanding of commercial real estate and accounts receivable / inventory lending.

- Strong functional and technical skills: Negotiation and influencing skills, written and verbal communication, decision quality, conflict management, interpersonal, and analytic / problem solving skills.

- Expert knowledge of credit philosophy, policies & procedures, loan documentation, SBA, collections litigation, federal bankruptcy laws, and state collection laws.