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Associate - Wholesale Credit

Job Description

About Chase Commerce Solutions:
Chase Commerce Solutions, a business unit of JPMorgan Chase within Card Services, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in over 130 currencies.  The company's proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing.  With a legacy of innovation and vision in electronic payments, Chase Commerce Solutions promoted the growth of e-commerce worldwide.   The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions.  Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding - Chase Commerce Solutions' consultative approach helps today's small and emerging businesses become tomorrow's industry leaders.  On the Internet or at the point of sale, Chase Commerce Solutions’ unique combination of outstanding service, innovative solutions and financial strength offers sold benefits to companies both large and small.
Essential Job Duties and Responsibilities:
The Portfolio Credit Analyst III is responsible for Credit Analysis and Risk Management of an existing portfolio of commercial merchant accounts.  The successful candidate will minimize the credit risk and financial loss the merchant account provides to the firm through thoughtful, detailed analysis of financial statements. 
  • Perform a detailed financial statement analysis (balance sheet, income statement and statement of cash flows) based on key financial ratios extracted from private or public company financials.
  • Perform a formal narrative financial analysis (underwriting) of varying length on the financial statements provided by the company; narrative summary on company background, processing history, ownership and management.
  • Recommend final credit decision and approval terms
  • Perform collateral reserve reviews upon merchant's request and recommends an ongoing strategy to increase/decrease the collateral reserve requirement.
  • Review contractual terms of Chase Commerce Solutions legal agreements. 
  • Review business model and processing characteristics for existing merchants to ensure and report on compliance with Payment Brand rules and regulations.
  • Perform portfolio ad-hoc analysis as needed.
  • 2 to 4 years commercial credit underwriting or lending experience with a financial institution or leasing company
  • Preferably a post graduate or an advanced degree in business management, finance or accounting;
  • Strong financial statement analytical ability; Excellent narrative writing and critical thinking abilities 
  • Solid understanding of complex financial ratios and the overall impact on what they mean with respect to financial stability
  • Research and information gathering capabilities
  • Ability to develop and recommend financial risk strategies based on well researched facts and analytics
  • Strong customer communication skills
  • Good organization skills and ability to work within time constraints in a highly regulated industry
Req #: 150128613
Location: Bangalore East, KA IN
Job Category: Credit
Employment Type: Full Time
Potential Referral Amount: Indian Rupee (INR)

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