Loan Servicing Associate I
Chase bank
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Job Summary:
As a Loan Servicing Associate in Structured - Loan and Agency Servicing, you will provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended solely by JPMorgan. This client-facing role involves direct contact with borrowers, lenders, and business partners while performing various loan servicing facets.
Job Responsibilities:
Initiate loan activity, including fundings, repricing, and payments, as instructed by the client in accordance with credit agreements.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, collaborating 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 accurate loan accounting and provide clients with timely and accurate invoices.Perform maintenance of margin changes and ensure proper communication to the bank group.Provide information as requested by clients, business partners, middle office, or lenders.Monitor control reports and update applicable comments.Participate in system testing, as needed, which may occur during non-business hours.Assist with administrative tasks associated with the terms of a credit agreement, including performing quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement and verifying system setup accuracy.Required Qualifications, Capabilities, and Skills:
1+ year financial services or syndicated loan product experience.Extensive knowledge and familiarity with managing a portfolio.Excellent oral and written communication skills.Strong client-service background.Working knowledge of Microsoft Office applications (Excel, Word, PowerPoint).Ability to manage concurrent assignments.Ability to work independently and partner well within a team environment.Strong analytical, problem-solving, and proven decision-making skills.General to intermediate accounting knowledge.Preferred Qualifications, Capabilities, and Skills:
Undergraduate degree.Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.Experience with large cash movements via FED Wire or SWIFT.LoanIQ experience.
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