Loan Servicing Associate â Agency Servicing
Loan Servicing Associate â Agency Servicing
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Job Description
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.
Job Summary:
As a Loan Servicing Associate within the Structured Loan and Agency Servicing team you will be primarily responsible for providing operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This role involves direct interaction with borrowers lenders and business partners as you perform various facets of loan servicing.
Job Responsibilities:
- Initiate loan activity (fundings repricing payments) as instructed by the client in accordance with credit agreements.
- 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.
- Perform 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.
- Participate in system testing as needed which may occur during non-business hours. Assist with any administrative tasks associated with the terms of a Credit Agreement.
- Perform quality controlon new deals restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy.
Required Qualifications Capabilities and Skills:
- 1 year financial services or syndicated loan product experience
- Extensive knowledge and familiarity with managing a portfolio.
- Excellent oral and written communications skills
- Strong Client-Service background
- Working knowledge of Microsoft Office applications (i.e. Excel Word and PowerPoint)
- Ability to manage concurrent assignments.
- Ability to work independently and partner well within a team environment.
- Strong analytical problem solving and proven decision-making skills.
- General to intermediate accounting knowledge
Preferred Qualifications Capabilities and Skills:
- Undergraduate degree
- Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.
- Experience with large cash movements via FED Wire or SWIFT
- LoanIQ experience
Required Experience:
IC
Employment Type
Full-Time
