Loan Servicing Associate - Agency Servicing

JPMorgan Chase • Newark, DE • 3d ago

Join a team that supports your career growth, advancement and expanding opportunities! At JPMorgan Chase (JPMC), we take pride in valuing our employees' individualities, while supporting an inclusive culture of teamwork.

Job Summary:

As a Loan Servicing Associate within Structured - Loan and Agency Servicing, you will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This client-facing role involves direct interaction with borrowers, lenders, and business partners while managing various aspects of loan servicing.

Job Responsibilities:

Initiate loan activity, including fundings, repricing, and 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 the loan accounting system is accurate and provide clients with timely and accurate invoices.

Perform maintenance of margin changes and ensure proper communication to the bank group.

Provide information as requested by clients, business partners, middle office, or lenders.

Monitor control reports and update applicable comments.

Participate in system testing, as needed, which may occur during non-business hours.

Assist with 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 setup accuracy, and backing up co-workers, working on various special projects or other tasks as assigned.

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

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

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