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Form of workAs the Loan Servicing Associate in 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 change
Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
Operations teams develop and manage innovative, secure service solutions to meet clients' needs globally. Developing and using the latest technology, teams work to deliver industry-leading capabilities to our clients and customers, making it easy and convenient to do business with the firm. Teams also drive growth by refining technology-driven customer and client experiences that put users first, providing an unparalleled experience.
JPMorgan 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 recognize that our people are our strength and the diverse talents and perspectives that 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. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)
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.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
