Home
/
Comprehensive
/
Commercial Loan Servicing Associate
Commercial Loan Servicing Associate-January 2024
Chicago
Jan 10, 2025
About Commercial Loan Servicing Associate

  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

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
Shift Leader - Warehouse - 2nd Shift
94143BR Job Title: Shift Leader - Warehouse - 2nd Shift Location: CM Sanford (2589) Job Description: We Deliver the Goods: Competitive pay and benefits, including Day 1 Health & Wellness Benefits
4am Inbound (Stocking) (T2130)
Description: Starting Hourly Rate / Salario por Hora Inicial: $16.25 USD per hour ALL ABOUT TARGET Working at Target means helping all families discover the joy of everyday life. We bring that vision
Veterinary Technician
Credentialed Veterinary Technician The anticipated starting hourly rate for individuals expressing interest in this position is $18 to $33 per hour. Rate to be determined by the schedule, location, e
Family Medicine Physician - East Pennsboro, PA
Penn State Health - Medical Group Location: US:PA:Camp Hill Work Type: Full Time FTE: 1.0 Shift: Day Hours: 8 Recruiter Contact: Please contact Amber L. Winters at [email protected] (M
Senior MicroStrategy Consultant
What You'll Do Act as an authority on BI strategies and technologies and the appropriate application of these products and serve as an architecture expert to the organization Cover all aspects of the
Security Officer Part Time Flex
Allied Universal®, North America’s leading security and facility services company, provides rewarding careers that give you a sense of purpose. While working in a dynamic, diverse and inclusive workp
Line Cook I
Amentum is seeking a Line Cook I located in the Williamsburg area of Virginia. The Line Cook assist the Line Cook II in preparing food for the day whether breakfast, lunch or dinner. The Cooks are re
Data Integration Specialist REQ12224
This position is for a Data Integration Specialist with a primary location in Oxford, MS. Duties and Responsibilities: Develop and maintain ETL (Extract, Transform, Load) processes to ensure seamless
Field Supervisor
Summary This vacancy is for a Field Supervisor position assigned to the geography shown in this map. This position reports to the U.S. Census Bureau's Los Angeles Regional Office. Applicants selected
Advisor Development Program - Financial Solutions Advisor Trainee: Paso Robles Financial Center
Advisor Development Program - Financial Solutions Advisor Trainee: Paso Robles Financial Center Paso Robles, California Job Description: At Bank of America, we’re guided by a common purpose to help m
Copyright 2023-2025 - www.zdrecruit.com All Rights Reserved