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Syndicated Loan Servicing Associate

at JPMorgan Chase in Newark, Delaware, United States

Job Description

Wholesale Lending Services:

Wholesale Lending Services (WLS) is part of the JPMorgan Chase Commercial Bank providing lending servicing support to multiple business units across the firm and around the world. The Operation provides loan documentation; closing and funding; payment and fee processing; syndication loan trade processing; credit administration; collateral perfection and management, customer service and reporting; and construction management.

Position Summary:

The Loan Servicing Associate supports the largest and most sophisticated corporate loan transactions in the market. They primarily provide operational support to Debt Capital Markets on Term Loan B/institutional debt where JPM is the administrative agent. This position is responsible for providing loan servicing/administrative support (reconciliation/billing/payments) and has direct communication with borrowers, lenders and business partners.

Essential Responsibilities:

• Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements

• Calculation and tracking of 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

• 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

• Assist with any 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 set up accuracy

• Back up co-workers, work with various special projects or other tasks as assigned

Minimum Requirements:

+ Undergraduate degree is strongly preferred but related job and industry experience can be accepted as a substitute (3+ years)

+ Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)

+ Must have expe

Job Details

Company

JPMorgan Chase

Location


Newark, Delaware 19725
United States

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Job Order: JC179976052

Posted On: Mar 23, 2021

Updated On: Apr 24, 2021