What are the responsibilities and job description for the Loan Servicing Associate I-Commercial & Investment Banking position at JPMorgan Chase?
Build your career in Asset Based Lending while working in the world’s most innovative bank which values creativity and excellence!
As a Loan Servicing Associate I in the Wholesale Lending Services (WLS) Approval Team, you will be responsible for executing internal control discipline and operational excellence within Wholesale Lending Services (WLS). As a primary point of contact to internal & external stakeholders, you will review high priority transactions and proactively communicate both verbally and in writing as required.
Job Responsibilities
- Read and interpret complex credit documentation, determine operational feasibility, provide feedback and recommendations as warranted.
- Responsible for accurate and timely review of Commercial Loan advances, principal payments, reprices, settlements, and manual transactions.
- Provide feedback to Servicing Teams on operational market trends and correlated risk
- Initiate reviews for funding activities; manage the funding process with Corporate Treasury, syndicate lenders, and risk team.
- Verify Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions.
- Confirm all conditions precedent have been met and compliance items meet the established banking guidelines for all transaction types.
- Demonstrate accurate and timely completion of customer service and research in accordance with the credit agreement.
- Minimize credit and business risk through awareness of procedure, compliance, and bank policy.
- Reconcile exception reports and make system adjustments as needed.
Required qualifications, capabilities, and skills
- 3 or more years of Commercial or Asset Based Lending operations experience
- Extensive knowledge of reading and interpreting post-close credit agreements
- Strong analytical thinker who can identify connections between various pieces of data and systems and quickly articulate client impact and risk
- Ability to effectively multi-task and prioritize competing demands
- Exceptional customer service and communication skills and ability to interact with people in all levels of the organization
- Highly motivated self-starter
- High attention to detail
- Proficiency in Microsoft Office applications with strong Excel skills
Preferred qualifications, capabilities, and skills
- Loan IQ experience
- Risk Management experience
- Project Management experience
This is a hybrid role which requires going into the office 3 days a week with 2 days flexibility to work from home, which is subject to change.
Final Job Grade and officer title will be determined at time of offer and may differ from this posting.
This position is not eligible for H1B or Sponsorship
