JPMorganChase Logo

JPMorganChase

Credit Officer, Vice President - Special Credits

Posted 10 Days Ago
Be an Early Applicant
Hybrid
New York, NY, USA
Senior level
Hybrid
New York, NY, USA
Senior level
Leads the management and resolution of defaulted and non-performing commercial real estate loans. Develops workout strategies, restructures, discounted payoffs, note sales, and foreclosure plans; performs property valuations, cash-flow analysis, and scenario modeling; negotiates with borrowers and stakeholders; oversees risk ratings, compliance, reporting, and recovery outcomes. The role also leads special projects, improves analytical frameworks, presents portfolio updates to senior management, and mentors junior staff.
The summary above was generated by AI

Bring your expertise to JPMorgan Chase.  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. 

As a Vice President in the Special Credit Group within Commercial Term Lending, you lead the management and resolution of defaulted and non‑performing commercial real estate (CRE) loans secured primarily by West Coast properties. You will drive portfolio‑level and asset‑level strategies that optimize recoveries through restructures, modifications, discounted payoffs, note sales, and foreclosure pathways. You will ensure rigorous compliance with regulatory and bank risk policies, elevate reporting quality for senior stakeholders, and guide junior talent while serving as a technical subject‑matter expert.

Job Responsibilities:

  • Lead end‑to‑end workout strategies for defaulted and non‑performing Commercial Real Estate  loans to maximize recoveries and reduce loss severity.
  • Execute restructures, modifications, discounted payoffs, note sales, and foreclosure processes, coordinating closely with legal, servicing, and asset management teams.
  • Oversee negatively classified and non‑performing assets, ensuring disciplined loan oversight, documentation, and adherence to risk rating methodologies and bank policies.
  • Perform advanced property‑level and portfolio cash flow analysis (historical and pro‑forma), scenario modeling, and valuation to inform decisioning and negotiations.
  • Serve as project lead on special assignments, including income property loan portfolio evaluations, policy updates, and training initiatives for less experienced staff.
  • Design new analytical frameworks and enhance management reports that track portfolio status, recovery pathways, timelines, and performance KPIs for senior leadership.
  • Negotiate with borrowers, sponsors, and counterparties to drive time‑bound, value‑accretive outcomes in dynamic market conditions.
  • Respond as a technical expert to customer inquiries and resolve system‑related issues impacting loan administration and reporting fidelity.
  • Prepare periodic portfolio status reports and present progress updates, risks, and mitigants to Senior Management and governance forums.
  • Ensure strict adherence to regulatory, compliance, and reputation risk policies, escalating emerging risks and exceptions appropriately.
  • Build and maintain effective relationships with internal and external stakeholders to accelerate execution and improve outcomes.
     

Required Qualifications, Capabilities, and Skills:

  • Undergraduate degree in Business, Finance, or a related discipline.
  • 7+ years of experience in real estate lending, construction and permanent financing, underwriting, loan review, and/or loan workouts, with direct Commercial Real Estate exposure.
  • Deep understanding of Commercial Real Estate valuation concepts and methodologies across major property types and special situations.
  • Extensive experience with property cash flow analysis (historical and pro‑forma), debt service coverage, and sensitivity/scenario modeling.
  • Advanced proficiency in Excel for financial modeling; strong working knowledge of Word and Access for documentation and data management.
  • Demonstrated negotiation skills with borrowers, sponsors, and third parties to achieve recovery‑maximizing outcomes.
  • Strong analytical and problem‑solving capabilities with proven judgment in dynamic credit and real estate markets.
  • Excellent written and verbal communication skills, including executive‑level reporting and portfolio storytelling.
  • Knowledge of risk rating methodologies, credit risk assessment processes, and regulatory expectations for criticized/classified assets.
  • Ability to independently plan and execute non‑routine financial analysis and reporting projects with minimal oversight.
  • Track record of cross‑functional collaboration and relationship building across legal, servicing, appraisal, and asset management teams.

Preferred Qualifications, Capabilities, and Skills:

  • West Coast Commercial Real Estate market experience and familiarity with regional legal and foreclosure processes.
  • Experience leading discounted payoff and note sale transactions, including marketing processes and bid evaluation.
  • Hands‑on exposure to Real Estate Owned strategies and property‑level business plans during post‑foreclosure phases.
  • Working knowledge of commercial real estate loan systems and data workflows; aptitude for resolving system‑related issues and enhancing reporting processes.
  • Prior experience mentoring or managing junior analysts/associates and delivering training content.
  • Advanced Excel modeling and data tools experience (e.g., Access optimizations).
  • Graduate degree (MBA, MSRE) and/or relevant professional credentials a plus.
     
About Us
JPMorganChase, 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, 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. 

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. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the TeamJ.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 
HQ

JPMorganChase New York, New York, USA Office

270 Park Avenue, New York, NY, United States, 10017-2014

JPMorganChase New York, New York, USA Office

4 Metrotech Center, New York, NY, United States, 11201

Similar Jobs

16 Minutes Ago
Hybrid
Senior level
Senior level
Fintech • Financial Services
Lead a branch sales team to acquire, deepen, and retain customer relationships across deposits, lending, cards, and investments. Coach and develop bankers, drive sales and operational excellence, manage risk and compliance, partner with internal lines (Wealth, Business Banking, Home Lending), promote digital adoption, and complete required Branch Manager Readiness training prior to placement.
16 Minutes Ago
Hybrid
Junior
Junior
Fintech • Financial Services
Provides empathetic customer support for small-business financial products through phone, text, chat, video, and other channels. Resolves moderately complex inquiries, follows risk and compliance procedures, promotes digital services, manages high-volume interactions, and escalates non-routine issues. Requires participation in nine weeks of paid training, on-site work, weekend and holiday availability, and additional hours as needed.
Top Skills: ChatComputer SystemsEsignInternetMobile TechnologyPhoneSearch ToolsSocial MediaText MessagingVideo Chat
Junior
Fintech • Financial Services
Handles inbound and outbound customer calls to determine delinquency reasons, negotiate repayment terms, and resolve outstanding credit card balances. Uses account resolution systems, follows company policies, escalates complex issues, and supports a quality customer experience. Requires bilingual Spanish and English proficiency, flexible scheduling, onsite attendance, completion of six weeks of training, and performance against production and service metrics.
Top Skills: Auto DialerDirect Dial System

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account