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.