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You have a minimum of 2 years related industry experience and/or Account Management with knowledge of navigating payments, reconciliation and exception management. You also have knowledge and familiarity with managing a portfolio of 30+ multicurrency syndicated deals. You have found the right team. As a member of our team, you will have the opportunity to work alongside some of the brightest minds in the industry, spurring impactful projects and shaping the future of finance.
As a Loan Servicing Associate I within the Lending Services team at JPMorganChase, you will support the largest and most sophisticated corporate loan transactions in the market. You will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. You will be in 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
- Minimum of 2 years of related industry experience and/or Account Management
- Strong knowledge of JPMorgan or Treasury bank funding fundamentals
- 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
- Experience with reading and interpreting loan documentation
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 JPMorgan proprietary platforms
Source: JP Morgan Career Page
