jpmorgan-chase-%26-co. - Newark, DE, United States | 2024-08-26 20:25:31

Join the firm that FORTUNE has named one of the top five “World’s Most Admired Companies”

As a Loan Servicing Associate within the Structured Loan and Agency Servicing team, you will be primarily responsible for providing operational support for syndicated credit structures managed by JPMorgan or bilateral loans extended exclusively to a borrower by JPMorgan. This role involves direct interaction with borrowers, lenders, and business partners, as you perform various facets of loan servicing.

 Job Responsibilities

• Initiate loan activity (fundings, repricing, payments) as instructed by the client in accordance with credit agreements.
• Track complex interest and fee accruals at various rate levels across changing lender distributions.
• Reconcile daily funding and payment activity to account for all daily cash transactions.
• Read and interpret complex legal credit agreements and related documentation working with attorneys when applicable.
• Initiate and reconcile automated funds movement in accordance with client/lender instructions.
• Monitor and escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices.
• Perform maintenance of margin changes and proper communication to bank group.
• Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
• Monitor control reports updating applicable comments and participate in system testing, as needed, which may occur during non-business hours.
• Assist with any administrative tasks associated with the terms of a Credit Agreement.
• 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

• 1+ year financial services or syndicated loan product experience
• Extensive knowledge and familiarity with managing a portfolio.
• Excellent oral and written communications skills
• Strong Client-Service background
• Working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)
• Ability to manage concurrent assignments.
• Ability to work independently and partner well within a team environment.
• Strong analytical, problem solving and proven decision-making skills.
• General to intermediate accounting knowledge

 Preferred Qualifications, Capabilities, and Skills

• Undergraduate degree
• Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.
• Experience with large cash movements via FED Wire or SWIFT
• LoanIQ experience

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
• This position is not eligible for H1B or Sponsorship

 

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