JPMorgan Chase Credit Operations Coordinator - Dealer Commercial Services - Phoenix, AZ or Indianapolis, IN in Indianapolis, Indiana
The Credit Coordinator is a relationship based position that works closely with Bankers, Underwriters, Legal Counsel, and others, as an Integral member of the Deal team to coordinate administrative tasks for commercial loan facilities to auto dealerships.
The Credit Coordinator 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 administrative tasks necessary to document and close loans, such as entity review, collateral review and loan documentation for approved loans.
Responsible for review of approval, determination and verification of due diligence to ensure loan will be closed in accordance with approval, as well as preparation or coordination of preparation of appropriate loan documentation 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: business entity and organizational documents to include all types of entities, good standing of business entities, real estate title work, valuation, & environmental information, Uniform Commercial Code (UCC) searches, etc., as required.
Coordinates obtaining or ordering and reviews title work, surveys, appraisal and environmental reports, flood determinations and compliance, all types of insurance, as well as other reports and information.
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.
Requires experience preparing and/or reviewing loan documents.
Prefer experience with commercial real estate, title work, surveys, construction lending & loan documentation
Prefer knowledge of commercial loan products, business loan sales and underwriting processes.
1+ years compliance experience preferred, including flood insurance
Excellent knowledge of laws and regulations affecting appropriate due diligence, excellent knowledge of 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 environment.
College degree, paralegal, or equivalent work experience.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.