Job description
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. Specific tasks include:
- 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
Examiners generally work in teams (often teams of 2). Examiners must be able to build strong customer relationships while performing an accurate evaluation of the collateral and the control environment.
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.
Other
- Depending on client location, 10 - 50% overnight travel
- Valid driver's license
Minimum Skills, Experience and Qualifications
We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role.
- BS in Accounting, Finance or Economics
- 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
- Commercial lending, accounting or auditing experience
Additional Skills, Experience and Qualifications
The following additional items will be considered but are not required for this role
- Monarch and Stucky ABL knowledge is helpful
About Us
Across JPMorgan Chase, we serve millions of customers and many of the world's most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world's most admired companies and we know that it's our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
Equal Opportunity Employer/Disability/Veterans
Base Pay/Salary
New York,NY $66,500.00 - $85,000.00
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