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Job Summary:
As a Loan Servicing Associate within the Structured Loan and Agency Servicing team, you will be primarily responsible for providing operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This role involves direct interaction with borrowers, lenders, and business partners, as you perform various facets of loan servicing.
Job Responsibilities:
- Initiate loan activity (fundings, repricing, payments) as instructed by the client in accordance with credit agreements.
- Track complex interest and fee accruals at various rate levels across changing lender distributions.
- Reconcile daily funding and payment activity to account for all daily cash transactions.
- Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable.
- Initiate and reconcile automated funds movement in accordance with client/lender instructions.
- Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices.
- Perform maintenance of margin changes and proper communication to bank group.
- Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
- Monitor control reports updating applicable comments.
- Participate in system testing, as needed, which may occur during non-business hours. Assist with any administrative tasks associated with the terms of a Credit Agreement.
- Perform quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement verifying system set up accuracy.
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Required Qualifications, Capabilities, and Skills:
- 1+ year financial services or syndicated loan product experience
- Extensive knowledge and familiarity with managing a portfolio.
- Excellent oral and written communications skills
- Strong Client-Service background
- Working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)
- Ability to manage concurrent assignments.
- Ability to work independently and partner well within a team environment.
- Strong analytical, problem solving and proven decision-making skills.
- General to intermediate accounting knowledge
Preferred Qualifications, Capabilities, and Skills:
- Undergraduate degree
- Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.
- Experience with large cash movements via FED Wire or SWIFT
- LoanIQ experience
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 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.