Loan Servicing Analyst
JP Morgan Chase
Loan Servicing Analyst
JP Morgan Chase
Runs a consumer bank and an investment bank
As the Loan Servicing Analyst in Structured Loan and Agency Servicing you will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is a client facing role with direct contact with borrowers, lenders, and business partners while performing loan servicing facets.
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 (Statements and Ledgers).
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 exceptions/breaks including principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices.
Perform maintenance of margin changes and appropriate communication to bank group.
Provide information as requested by Clients, Business Partners, Middle Office, or Lenders.
Monitor control reports updating applicable comments.
Participate in system testing, as needed, which may occur during non-business hours.
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 and verifying system set up accuracy.
Back up co-workers, work on various special projects or other tasks as assigned.
Required Qualifications, Capabilities, and Skills:
Excellent oral and written communications skills
Degree in Economics, Finance or Business is a preference
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.
Ability to work independently within a team environment.
Strong analytical, problem solving and proven decision-making skills.
General to intermediate accounting knowledge
Runs a consumer bank and an investment bank
JPMorgan Chase runs the largest bank in the United States, which serves households and small businesses as Chase and large companies, governments, and investors as J.P. Morgan. During the 2008 financial crisis it bought the failing investment bank Bear Stearns and lender Washington Mutual, and in 2023 it took over First Republic Bank after regulators seized it. Chase takes deposits and earns interest on credit cards, mortgages, and car loans, while the investment side earns fees for advising on mergers, raising money for companies, trading stocks and bonds, and managing wealth. Formed in a 2000 merger, JPMorgan Chase traces its roots to 1799 and is based in New York City.
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