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Form of workJoin 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 Wholesale Lending Services (WLS) you will primarily support the quality control and risk monitoring of the largest and most sophisticated corporate loan transactions in the market. You will provide governance and transactional approval for teams directly managing the syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is principally an internal role with direct contact with internal stakeholders in the various stages and lines of business associated with Wholesale Lending. This is an Associate level role.
Job Responsibilities:
- Approve loan activity (Funding, Re-pricings, Payments, etc.) as submitted by agency servicing teams in accordance with client instructions, credit agreements, and internal controls
- Oversee implementation and monitoring of internal controls relating to payments and/or funding transactions, pricing changes, borrowing base changes, and other client impact transactions
- Ensure all daily funding and payment activity is completed in accordance with appropriate funding cut offs across all currencies
- Govern the maintenance and approval of pricing and related margin changes
- Manage agency risk events, including root cause analysis and reporting to risk & control partners
- Act as agency representatives for any matters relating to risk & control and related reporting, including SOX, internal/external audit, etc.
- Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
Required Qualifications, capabilities and skills
- 2+ years of Syndicated commercial loan money movement (Funding, Re-pricings, Payments) experience using Loan IQ
- Experience processing transactions for advances, payments, re-pricings or pay downs.
- Experience preparing the approval package, including supporting documentation such as borrower request form, credit agreement and borrower administrative documents.
- Experience with two touch review within loan system
- Experience with reading and interpreting Syndicated Loan documentation or related experience dealing with legal documentation
- Excellent oral and written communications skills
- 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 and ability to work independently within a team environment
- Strong analytical, problem solving and proven decision-making skills
Preferred qualifications, capabilities and skills:
- Undergraduate degree
- Commercial Loan Servicing/Account Management experience
- General to intermediate accounting knowledge
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
