Special Credits Analyst I - Phoenix AZ

Job description

The Special Credits Analyst I is in the business banking group at JPMorgan Chase Bank, N.A. and services a portfolio of small to medium credits where the relationships have aggregate business credit exposure of up $500,000.00.

The Special Credits Analyst I manages a portfolio of open, adversely graded credit relationships with small business clients for the purpose of preserving loan principal, collecting interest and preventing loans from being charged off.

Additionally, the Special Credits Analyst I:

- Provides proper reporting to management according to bank policies and OCC requirements.

- Improves the overall quality of the portfolio through negotiating satisfactory repayment schedules, obtaining additional collateral and/or restructuring facilities as appropriate.

- May also be involved in the management, leasing and sale of commercial OREO property.

- Reviews existing loan documentation for errors and omissions, and evaluate client's financial strength and capacity to repay outstanding debt. Ensures collateral lien is perfected and determines collateral's current value.

- Develops and implements a plan of action to protect and improve the bank's position in the credit.

- Negotiates a satisfactory restructure of the credit facilities and obtains additional collateral as appropriate.

- Monitors plan of action for the desired results. Takes legal action when necessary to protect interests of the bank. Documents all contacts, agreements and discussions that transpire with the client.

- Relocation assistance is not available.

Desired profile

·  Prior Collections experience required.
·  Knowledge of legal processes related to litigation.
·  Excellent verbal and written communications skills.
·  Demonstrated ability to foster an open working environment.
·  Analytical and problem solving skills.
·  Ability to identify trends and improve processes for both the customer and the business.
·  Understanding of regulatory/legal landscape related to collections litigation.
·  Ability to work with audit, compliance and regulatory constituencies to manage work in accordance with established procedures and relevant regulations and laws.
·  Demonstrated accountability for work processes and the associated risks and controls