J.P. Morgan

Risk Management - Asset Based Lending Field Exam - Analyst


PayCompetitive
LocationIselin/New Jersey
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: 210469000

      As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

      Field Exam plays a key role in upfront and ongoing due diligence related to secured credit facilities (from less than $1 million to in excess of $1.5 billion) by analyzing client/prospect collateral and financial information and are performed on the client’s premises. Examiners generally work in teams (often teams of 2). Examiners must be able to build strong customer relationships while performing an accurate. Depending on client location, 10-50% overnight travel is required and you will need a valid driver's license.

      Training

      The ABL field examiner position incorporates extensive on the job training and coaching to develop analytical skills, gain proficiency in understanding the Accounts Receivable and Inventory collateral that supports secured credit facilities and helps prepare you for other opportunities in field exam or in other areas of the firm. High performing field examiners may have an opportunity to move to another role within Commercial Banking Risk or Banking.

      Job Responsibilities

      • Obtaining and analyzing client accounts receivable, inventory, and accounts payable data and historical performance
      • Obtaining an overview and understanding of the client’s collateral and financial performance
      • Preparing (new credit facility) or verifying (existing credit facility) a borrowing base calculation.
      • Verify the existence of inventory through physical inspection
      • High level assessment of internal controls and financial reporting
      • Documenting tasks performed on Excel based field exam template
      • Prepare a written report using field exam template

      Required qualifications, capabilities, and skills

      • BS degree with a minimum of 9 credit hours in Accounting
      • Strong interpersonal and relationship development skills
      • Effective business writing skills
      • Proficiency in Microsoft Excel, Word and Outlook
      • Analytical skills with attention to detail and accuracy
      • Intellectual curiosity and ability to problem solve
      • Ability to think critically while working in a fast paced environment

      Preferred qualifications, capabilities, and skills

      • Commercial lending, accounting or auditing experience
      • Monarch and Stucky ABL knowledge is helpfuL
      • CPA (Certified Public Accountant) or Public Accounting
      • CFE (Certified Fraud Examiner)
  • About the company

      J.P. Morgan is a leader in financial services, offering solutions to clients in more than 100 countries with one of the most comprehensive global product platforms available. We have been helping our clients to do business and manage their wealth for more than 200 years. Our business has been built upon our core principle of putting our clients'​ interests first.

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