Join the firm that FORTUNE has named one of the top five "World's Most Admired Companies" and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career.
As a Loan Servicing Analyst within our Wholesale Lending Services team, you will be responsible for providing operational support to our Commercial & Investment Banking operations. You will handle syndicated credit structures managed by us or bilateral loans extended solely by us. In this role, you will administer a portfolio of approximately 30-40 syndicated accounts, maintaining direct contact with borrowers, lenders, and business partners while performing various loan servicing tasks.
Job Responsibilities
- Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
- Calculate and 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
- Maintain margin changes and proper communication to bank group
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Required qualifications, capabilities and skills
- Bachelor's degree or 1+ year of experience with EITHER Loan, Finance, or Securities experience
- Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
- General to intermediate accounting knowledge
- Ability to manage concurrent assignments in an effective, efficient and organize manner
- Ability to work independently within a team environment
- Excellent oral and written communications skills and strong interpersonal/client servicing skills
- Strong analytical, problem solving and proven decision-making skills
Preferred qualifications, capabilities and skills
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Familiarity with syndicated loans and Loan Syndication and Trading Association (LSTA) standards
- Prior knowledge of loan products or trading operations
ABOUT US
JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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 & Co. is an Equal Opportunity Employer, including Disability/Veterans
ABOUT THE TEAM
J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Commercial Banking provides 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 not-for-profit organizations.