Job Description

Job Description

Position Summary:

The Loan Servicing Associate supports the largest and most sophisticated corporate loan transactions in the market.  They primarily provide operational support to Debt Capital Markets on Term Loan B/institutional debt where JPM is the administrative agent. This position is responsible for providing loan servicing/administrative support (reconciliation/billing/payments) and has direct communication with borrowers, lenders and business partners. 

 

Essential Responsibilities:

• Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements 
• Calculation and tracking of 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 
• 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 
• 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 
• Back up co-workers, work with various special projects or other tasks as assigned

 

Minimum Requirements:

• Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute  (3+ years) 
• Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint) 
• Must have experience reading and interpreting syndicated loan documentation or related experience supporting syndicated loans and using LoanIQ
• Ability to manage concurrent assignments in an effective, efficient and organized manner 
• Ability to work independently within a team environment 
• Excellent oral and written communications skills and strong interpersonal/client servicing skills 
• Strong interpersonal/client servicing skills       
• Strong analytical, problem solving and judgment skills 
• Flexible working schedule with some overtime required

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 Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Job Tags

Work at office, Flexible hours

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