JPMorgan Chase Commercial Loan Servicing Associate-Wholesale Lending Services in Chicago, Illinois
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
As a Loan Servicing Associate you will primarily support the quality control and risk monitoring of the largest and most sophisticated corporate loan transactions in the market. You will provide governance and transactional approval for teams directly managing the syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is principally an internal role with direct contact with internal stakeholders in the various stages and lines of business associated with Wholesale Lending. This is an Associate level role.
Approve loan activity (fundings, repricings, payments, etc.) as submitted by agency servicing teams in accordance with client instructions, credit agreements, and internal controls
Oversee implementation and monitoring of internal controls relating to payments and/or funding transactions, pricing changes, borrowing base changes, and other client impact transactions
Ensure all daily funding and payment activity is completed in accordance with appropriate funding cut offs across all currencies
Govern the maintenance and approval of pricing and related margin changes
Manage agency risk events, including root cause analysis and reporting to risk & control partners
Act as agency representatives for any matters relating to risk & control and related reporting, including SOX, internal/external audit, etc.
Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
Required Qualifications, capabilities and skills
3 years of commercial loan operations experience
Excellent oral and written communications skills
Strong interpersonal & client servicing skills
Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
Ability to manage concurrent assignments in an effective, efficient, and organized manner and ability to work independently 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 is strongly preferred
Loan Servicing experience
Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation is preferred
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents and perspectives that they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. (If you are a US or Canadian applicant with a disability and wish to request an accommodation to complete the application process, please contact us by calling the Accessibility Line (US and Canada Only) 1-866-777-4690 and indicate the specifics of the assistance needed.)
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
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