Chase is a leader in the financial services industry, providing banking, mortgages, credit cards, loans, payment processing and investment services to 50 million customers - 1 out of every 6 Americans. As a division of JPMorgan Chase & Co. (NYSE: JPM), we:
While we operate across a broad range of businesses, our mission at Chase is quite simple: to be the industry leader in customer service. Our employees put the firm's resources to work every day for our customers.
- Serve 21 million households with consumer banking relationships
- Lent $17 billion to small businesses in 2011
- Are one of the nation's largest credit card issuers, with more than 64 million credit cards in circulation
- Service 8 million mortgage and home equity loans
Chase offers a dynamic environment and the training and support to meet your full potential. Our company is widely recognized as a great place to work, to grow and to invest for the future. Join our team.
The primary responsibility of the Municipal Lending Analyst or Credit Approval Officer ("CAO") is to analyze, structure and decision credit applications in a fast-paced, centralized environment. Credit products typically include short term notes, bonds, leases and treasury management products. Candidates should be familiar with BAN and TAN financing(Tax Anticipation Note, Bond Anticipation Note), fund accounting, and GO/Revenue pledge obligations (General Obligations). Credit requests typically range in size from $250 thousand to $5.0 million with an average of about $500-$750 thousand.
Promptly review loan requests submitted by Relationship Managers (or "RM"), evaluate trends and potential risks that could impact the customer/prospect's ability to repay the credit extension and identify mitigating factors and/or additional information needs to offset these trends and risks.
Interact with the RM (and, on occasion, the customer/prospect) to identify and quantify repayment sources including cash flow, essential use equipment, revenue pledges and operating budgets.
Clearly communicate progress and/or needs in a timely and precise manner throughout the underwriting process.
Responding to RFP (Request for Proposal) in a timely fashion, with a goal of growing loan portfolio while maintaining asset quality.
Independently decision requests within individual loan authority or with the concurrence of the Credit Delivery Manager in cases where credit exposure exceeds individual loan authority.
Construct supporting decision analysis, utilize loan grading tools and determine documentation requirements, all chronicled in proprietary software.
Work with loan center staff to ensure consistent adherence to regulatory obligations and bank processes and act as a resource to RMs and less experienced CAOs.
This position could have Credit Approval Authority up to $5 million depending upon level and experience and offers a competitive base salary, bonus opportunity and unlimited career growth with a Global leader in Financial Services.
5+ years experience in municipal lending financial analysis, credit underwriting, Relationship Management sales or equivalent experience.
Ideal candidates should have 3 years experience with BAN and TAN financing(Tax Anticipation Note, Bond Anticipation Note), fund accounting, and GO/Revenue pledge obligations (General Obligations).
Credit approval experience in comparable commercial lending environment requiring the exercise of credit judgment.
Minimum of bachelor's degree or equivalent experience, graduate degree in business preferred. Completion of advanced courses in finance, fund accounting, and credit either through a bank sponsored training program or college course work.
Strong verbal, written, and interpersonal skills, as well as analytic and problem solving skills.
Demonstrated computer aptitude.
Work effectively in a team environment, while assuming individual responsibility.
Ability to formulate and articulate objective views based on professional credit analysis.
Advanced knowledge of credit philosophy and policies, loan documentation, bankruptcy and related legal issues.
JPMorgan Chase offers an exceptional benefits program and a highly competitive compensation package.
JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V.
US-OH-Columbus-Polaris McCoy Center / 54101
Retail Financial Services
JPMorgan Chase - 13 months ago
At JPMorgan Chase, the work we do matters. All of us are committed to putting our resources and our voices to work every day for our...