JPMorgan Chase & Co.
Loan Servicing Specialist IV
JPMorgan Chase & Co., Newark, Delaware, United States, 19711
Unlock your potential with us! Join a dynamic team in Commercial & Investment Banking, where every transaction shapes the financial landscape and drives business success.
As a Loan Servicing Specialist within our Wholesale Lending Services team, you will be responsible for providing operational support to our Commercial & Investment Banking operations. You will handle syndicated credit structures managed by us or bilateral loans extended solely by us. In this role, you will administer a portfolio of approximately 30-40 syndicated accounts, maintaining direct contact with borrowers, lenders, and business partners while performing various loan servicing tasks.
Job Responsibilities
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
Calculate and 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
Maintain margin changes and proper communication to bank group
Required qualifications, capabilities and skills
1+ years of
experience with EITHER Loan, Finance or Securities experience OR a related Bachelor’s Degree
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
General to intermediate accounting knowledge
Ability to manage concurrent assignments in an effective, efficient and organize manner
Ability to work independently within a team environment
Excellent oral and written communications skills and strong interpersonal/client servicing skills
Strong analytical, problem solving and proven decision-making skills
Preferred qualifications, capabilities and skills
Familiarity with loan-based software (LoanIQ, ClearPar,)
Familiarity with syndicated loans and
Loan Syndication and Trading Association (LSTA) standards
Prior knowledge of loan products or trading operations
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As a Loan Servicing Specialist within our Wholesale Lending Services team, you will be responsible for providing operational support to our Commercial & Investment Banking operations. You will handle syndicated credit structures managed by us or bilateral loans extended solely by us. In this role, you will administer a portfolio of approximately 30-40 syndicated accounts, maintaining direct contact with borrowers, lenders, and business partners while performing various loan servicing tasks.
Job Responsibilities
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
Calculate and 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
Maintain margin changes and proper communication to bank group
Required qualifications, capabilities and skills
1+ years of
experience with EITHER Loan, Finance or Securities experience OR a related Bachelor’s Degree
Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
General to intermediate accounting knowledge
Ability to manage concurrent assignments in an effective, efficient and organize manner
Ability to work independently within a team environment
Excellent oral and written communications skills and strong interpersonal/client servicing skills
Strong analytical, problem solving and proven decision-making skills
Preferred qualifications, capabilities and skills
Familiarity with loan-based software (LoanIQ, ClearPar,)
Familiarity with syndicated loans and
Loan Syndication and Trading Association (LSTA) standards
Prior knowledge of loan products or trading operations
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