The Credit Support Specialist IV is a relationship based position that works closely with Bankers, Underwriters, Legal Counsel, and others, as an Operations function within the deal team to coordinate tasks for commercial loan facilities to auto dealerships.
The Credit Support Specialist IV will have contact with clients, as directed by the Banker managing the client relationship.
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 the primary 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 for new, renewal, & modification of loans.
Independently identifies and manages vendor and 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.
Reviews the following but not limited to: business entity and organizational documents to include all types of entities, good standing of business entities, and Uniform Commercial Code (UCC) searches, as required.
Coordinates ordering, obtaining and reviewing title work, surveys, appraisal and environmental reports, flood determinations and requisite compliance, all types of insurance, as well as other reports and information as loan structure requires.
Evaluates all reports and information received with respect to collateral evaluation & verification to determine if terms and conditions of the credit approval will be met.
Prepares the loan and compliance documentation necessary to protect the bank's interest.
Experience with commercial real estate title work, surveys, construction lending & loan documentation. Residential Mortgage experience does not meet requirements.
Knowledge of commercial loan products, business loan sales and underwriting processes.
1+ years compliance experience preferred, which includes flood insurance requirements.
Excellent knowledge of laws and regulations affecting appropriate due diligence, real estate lending, loan documentation & perfection of collateral.
Excellent attention to detail, communication skills and PC skills.
Able to communicate well and work independently in a high volume fast paced environment.
College degree, paralegal, or equivalent work experience.
JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.