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Commercial Loan Servicing Associate
Commercial Loan Servicing Associate-April 2024
Chicago
Apr 3, 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

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