Join the firm that FORTUNE has named one of the top five "World's Most Admired Companies," and named the most admired megabank for the seventh consecutive year.
As a Loan Servicing Associate within the Commercial Bank, you will support the largest and most sophisticated corporate loan transactions in the market. You primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is a client facing role with direct contact with borrowers, lenders, and business partners while performing loan servicing facets.
Job Responsibilities:
Initiate loan activity and reconcile funds movement as instructed by the client in accordance with credit agreements
Track and calculate complex interest and fee accruals at various rate levels
Reconcile daily funding and payment activity to account for all daily cash transactions
Interpret complex legal credit agreements and related documentation
Manage and escalate past due principal, interest, and fees
Maintain accuracy within the loan accounting platform in order to provide timely invoices
Maintain margin changes and appropriate communication to participating external banking groups
Provide information as requested by clients, business partners, middle office, or lenders
Monitor exception reports and updating applicable comments
Review new deals, restructures, and amendments by also verifying system accuracy
Required Qualifications, Capabilities, and Skills
2 years of related industry experience and/or account management
Strong knowledge of JPMorgan or Treasury bank funding fundamentals, including initiating or processing incoming or outgoing funds or wires
Client facing and account management experience
Experience with reading and interpreting loan documentation
Excellent oral and written communications skills along with strong interpersonal & client servicing skills
Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
Ability to manage concurrent assignments in an effective, efficient, and organized manner
Ability to work independently and partner well within a team environment
Strong analytical, problem solving and proven decision-making skills
Preferred Qualifications, Capabilities, and Skills
Bachelor's Degree
Knowledge and familiarity with managing a portfolio of 30+ multicurrency syndicated deals.
Understanding of Revolver and Term loan pricing options
Knowledge or familiarity with currency payments using SWIFT MT202's and MT103 payment formatting
LOANIQ experience
Knowledge navigating payments, reconciliation and exception management within JP Morgan proprietary platforms
Work schedule
This hybrid role requires going into the office three days a week with two days' flexibility to work from home, subject to changeJPMorgan 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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans