Loan Servicing Associate I
Loan Servicing Associate I
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$ 67900 - 101200
1 Vacancy
Job Description
Use your industry experience and expertise in Account Management navigating payments reconciliation and exception management to manage a portfolio of 30 multicurrency syndicated deals. Join us and collaborate with some of the brightest minds in the industry driving impactful projects and revolutionizing the future of finance. Dont miss this opportunity to be part of something extraordinary!
As aLoan Servicing Associate Iwithin 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 decisionmaking skills
- Experience with reading and interpreting loan documentation
Preferred Qualifications Capabilities and Skills
- Bachelors 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 MT202s and MT103 payment formatting
- LOANIQ experience
- Knowledge navigating payments reconciliation and exception management within JPMorgan proprietary platforms
Required or Additional Information
- Visa sponsorship is not available for this position.
- Work schedules will vary within a fulltime 40hour per week schedule.
- You must be willing to work during our operating hours which may include evenings weekends and holidays.
- Specific information regarding work schedules will be provided by the recruiter.
Required Experience:
IC
Employment Type
Full-Time
