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Commercial Bank Risk - Asset Based Lending Senior Underwriter

Company: JPMorgan Chase
Location: Irvine
Posted on: December 8, 2018

Job Description:

The Senior Underwriter supporting Asset Based Lending will perform necessary credit analysis, due diligence, and review of documents for new transactions. Will be responsible for having strong credit knowledge, policy expertise and analytical abilities. As a contributing member of the deal team, managing complex transactions to completion with little or no guidance from your immediate manager. The role includes customer contact and making recommendations on appropriate credit structures. Additionally, you will develop as an Asset Based Lending (ABL) product resource for other Commercial Bank business units and may serve as a mentor to underwriters and credit analysts. **The objectives for the ABL Underwriter are:** **Quality Underwriting:** Support the revenue and fee income goals of ABL by leading the underwriting of transactions consistent with the ABL strategy for new deals. ? Demonstrate leadership on deal teams and in credit meetings by developing a concise understanding of the transaction, appropriate structure and communicating a valid credit perspective. ? Demonstrate accuracy in risk rating including loss given default and forward looking risk assessment ? Display technical competency in credit, risk assessment, collateral analysis, structuring, pricing & profitability and the approval/syndication process including up-to-date knowledge of industry limits, conflicts and credit policy. ? Underwriting goal to be evaluated qualitatively though feedback from Marketing and Credit Executives, an assessment of the quality of credit analyses and risk ratings, ability to lead due diligence teams and timeliness in completion of tasks. **Operate Efficiently:** Reduce the cost of the underwriting process and strive to shorten the timeline from deal assignment to deal decision through improved efficiency by: ? Communicating efficiently and effectively (and early in the deal process) to elevate credit issues. ? Deliver timely responses/decisions/completion of underwriting tasks. ? Track individual deal expenses for reimbursement and be cost effective in personal expenses. ? Leverage resources and work to reduce bureaucracy and redundant efforts. ? Complete all administrative responsibilities (required training, annual performance appraisals, interim appraisals and goals) by required dates **Build/Maintain Quality Partnerships** with originations, client management, field exam, special credits, commercial banking partners, syndications, external diligence providers and others involved in the underwriting process, as evaluated by the Underwriting Manager and Credit Executives with feedback from partners. + Strong analytical skills are required. + Minimum of 7+ years? experience in Risk and Asset Based Lending + Possess significant accounting and finance knowledge + Experience / ability to use a variety of analytical tools to model base case and downside forecasts, and evaluate risk that will be used to support credit approval and risk/return dynamics. + Education requirements; have a BA/BBA/MBA and have completed a major corporate bank credit training program (or the equivalent corporate banking/corporate finance experience). + Candidates will typically have 7 to 10 years of banking experience including extensive credit, finance structuring, capital markets and marketing experience. + Excellent communication skills; both written and verbal The final officer title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on a candidates experience level. JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.

Keywords: JPMorgan Chase, Irvine , Commercial Bank Risk - Asset Based Lending Senior Underwriter, Accounting, Auditing , Irvine, California

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