Loan Servicing Associate I

at JPMorgan Chase in Chicago, Illinois, United States

Job Description

You have a minimum of 2 years related industry experience and/or Account Management with knowledge of navigating payments, reconciliation and exception management. You also have knowledge and familiarity with managing a portfolio of 30+ multicurrency syndicated deals. You have found the right team. At JPMorganChase, our wide-ranging benefits package offers an industry-leading selection of support to help our employees care for their total well-being, their financial future, their career growth and the people who matter to them-at home and in their community.

As a Loan Servicing Associate I within 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 decision-making skills

+ Experience with reading and interpreting loan documentation

Preferred Qualifications, Capabilities, and Skills

+ Bachelor’s 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 MT202’s and MT103 payment formatting

+ LOANIQ experience

+ Knowledge navigating payments, reconciliation and exception management within JPMorgan proprietary platforms

JPMorgan Chase & Co., 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 is an Equal Opportunity Employer, including Disability/Veterans