Credit Officer [Multiple Positions Available]
DESCRIPTION:
Duties: Manage a Portfolio of over 100 Credit Clients. Complete annual reviews on all clients within the portfolio. Review and decide on new credit requests that come in for clients and prospects. Renew credit facilities when they mature. Review documents and execute them for the bank. Advise bankers on credit questions they may have about their clients and prospects. Assist with ongoing portfolio maintenance and reporting the team may need. Conduct credit analysis on assigned set of clients and present the conclusion of the analysis. Interpret financial statements to assess fiscal health and funding mechanisms. Monitor and manage a portfolio of client credit exposures across industry classes, taking ownership of ongoing credit needs. Prepare and present quarterly and annual risk reviews, tiering analyses, assigning risk rating and maintain updated credit research on portfolio of clients. Analyze the unique financial structures and funding mechanisms in these sectors, considering diverse revenue and expenditure streams. Develop forward-looking risk assessments addressing challenges such as regulatory changes, policy impacts, demographic shifts, and mission-driven financial management. Participate in due diligence meetings with sector-specific stakeholders to gain insights into their financial strategies and operational priorities. Assess impacts on key value drivers utilizing advanced models tailored to each sector, incorporating variables including revenue streams, enrollment projections, reimbursement trends, and donor funding cycles. Design and recommend credit structures that align with financial cycles and regulatory requirements, supporting strategic initiatives including capital projects, program expansions, and mission-driven activities. Prepare and review credit approval materials with a focus on compliance and governance standards relevant to each sector. Analyze and negotiate covenants and legal documentation to ensure terms are appropriate and compliant with regulations, procurement laws, and donor restrictions. Assist in negotiating, finalizing, and executing loan documents, ensuring seamless coordination and compliance through effective collaboration across various functions. Ensure risk ratings accurately reflect the current and future financial health of clients, considering economic conditions, policy changes, and funding landscapes. Provide early identification and proactive management of deteriorating credits and problem situations. Assist with training new team members.
Want more jobs like this?
Get jobs in Chicago, IL delivered to your inbox every week.
QUALIFICATIONS:
Minimum education and experience required: Master's degree in Finance, Accounting, or related field of study plus 3 years of experience in the job offered or as Credit Officer, Financial Analyst, Credit Manager, or related occupation. The employer will alternatively accept a Bachelor's degree in Finance, Accounting, or related field of study plus 5 years of experience in the job offered or as Credit Officer, Financial Analyst, Credit Manager, or related occupation.
Skills Required: This position requires three (3) years of experience with the following: Commercial banking and lending including credit analysis. This position requires any amount of experience with the following: Underwriting, credit analysis, and financial statement analysis to assess fiscal health and scrutinize financial structures and funding mechanisms; Preparing and presenting risk reviews, tiering analyses, and assign risk ratings; Conducting risk assessments addressing regulatory changes, policy impacts, and market and economic scenarios; Corporate finance and advanced financial modeling, including cash flow models and market dynamics; Interpreting legal documentation and ensuring compliance with financial regulations and sector-specific laws, with an understanding of governance standards; Negotiating, finalizing, and executing loan documents through effective collaboration across functions; Bank credit products including revolving lines of credit, term loans, direct purchase bonds, tax- exempt financing, derivatives products, treasury facilities, letters of credit, and card programs; GAAP accounting standards.
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. In addition, please visit: https://careers.jpmorgan.com/us/en/about-us.
Job Location: 10 S Dearborn St, Chicago, IL 60603
Full-Time. Salary: $134,724 - $147,000 per year.
ABOUT US
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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.
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. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion