Join a team that supports your career growth, advancement and expanding opportunities! At JPMorgan Chase we take pride in valuing our employees' individualities, while supporting an inclusive culture of teamwork.
As a Portfolio Finance Loan Associate within the Custom Financing Support team, you will be responsible for providing Middle Office (MO) and Loan Servicing support to the Portfolio Financing desk to facilitate their lending business. Your role will involve coordinating with various departments such as Structuring, Credit, Product Control, Finance, and other Wholesale Lending Services groups within Structured Finance. You will be dealing with specialized loans issued by JP Morgan Chase, aimed at providing liquidity to investment banking clients for funding purchases of debt and equity interest in middle market companies.
Want more jobs like this?
Get jobs in Newark, DE delivered to your inbox every week.
Job responsibilities
- Serve as primary Middle Office resource supporting all structured lending transactions entered into by the Portfolio Financing desk.
- Coordinate communications between structuring, the trading desk, Credit Risk, and operational stakeholder groups in order to close new structured finance transactions.
- Perform loan servicing responsibilities relating to all Portfolio Finance loan products including, but not limited to, processing of advances, paydowns and calculation of interest.
- Assist the Front Office in management of deal lifecycle activities (drawings, distributions, waterfalls, etc.) by running hypothetical scenarios based on client requests to ensure compliance with the deal triggers.
- Perform ongoing monitoring of structured finance deal triggers and compliance conditions including Market Value triggers, Portfolio value, Concentration limits, and Borrowing Base tests
- Serve as primary point of contact for client inquiries for the firm's buy-side customers, including hedge funds and asset managers.
- Work with Product Control teams to ensure accuracy in the desk's P&L related to the structured financing product.
Required qualifications, capabilities, and skills
- 2 years of experience in financial operations
- Bachelor's degree in Finance or Business (or equivalent experience)
- Excellent communication and interpersonal skills
- Demonstrated leadership abilities and strong teamwork skills
- Detail orientated individual that can work effectively under pressure
- Ability to multi-task and prioritize workload
- Strong problem solving, decision making, and analytical skills
- Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
Preferred qualifications, capabilities, and skills
- Prior knowledge of loan product or trading operations
- Experience in calculating borrowing bases
- Prior knowledge of accrual basis accounting
- Experience with Loan IQ
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
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. 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.
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.