Join our dynamic team as a Loan Accounting and Reconciliation Analyst, where you will play a pivotal role in ensuring accurate financial reconciliation and reporting. Bring your expertise to support multiple business lines and drive operational excellence. As a Loan Servicing Analyst within the Wholesale Lending Services team, you will provide essential reconciliation and exception management support for loan processing. You will monitor and review activity posted to various general ledger accounts, ensuring compliance with the Bank's Policy and Procedures. Your role will involve oversight and governance of aging exceptions, focusing on established clearing standards.
Job Responsibilities:
- Perform End of Day processing/settlement of DDA transactions for the ACBS loan system.
- Analyze, research, and correct reconciling differences between loan systems, the General Ledger (SAP), and various data warehouses.
- Participate in general ledger and loan systems projects, including conversions, testing, and enhancement implementations.
- Identify and address outages and reconciliation issues impacting internal business partners within required SLAs.
- Generate and distribute various daily, weekly, or monthly reconciliation reports.
- Provide direction to Loan Operations staff on transaction processing or adjustments to correct errors and outages.
- Perform Treasury-related functions, including COF and break-funding.
- Develop and maintain written operational procedures for all tasks performed and cross-train to support team members effectively.
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Required qualifications, capabilities, and skills:
- College degree in business, accounting, finance, or equivalent work experience with commercial loans.
- Two years of experience in accounting, substantiation, and reconciliation functions.
- Knowledge of commercial loan systems and applications, including Loan IQ, ACBS, VLS, CRELA, STRATEGY, SAP, Customer Assist, eServe, and MITs.
- Strong verbal and written communication skills.
- Strong problem-solving, analytical, and judgment skills.
- Proficient in Microsoft Word, Excel, and Access.
- Ability to work independently and in a team environment.
Preferred qualifications, capabilities, and skills:
- In-depth experience in accounting, substantiation, and reconciliation functions.
- Strong client focus and ability to partner with various internal and external groups.
- Experience participating in Risk Control Self-Assessment (RCSA) testing, exams, and audits.
- Demonstrated experience in developing innovative solutions in financial or operational processes.
- Proficiency in data analysis tools and techniques to drive decision-making and improve servicing operations.
- Familiarity with Treasury-related functions and processes.
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 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.
ABOUT THE TEAM
J.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.