What are the responsibilities and job description for the Loan Servicing Analyst-Wholesale Lending Services position at JPMorgan Chase?
Join the firm that FORTUNE has named one of the top five “World’s Most Admired Companies” and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career.
As a Loan Servicing Analyst 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
- Bachelor's degree or 1 year of experience with EITHER Loan, Finance, or Securities experience
- 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
