21 days old

JPMorgan Chase & Co.
Chicago, IL 60602
  • Job Code

Commercial Banking - Collateral Specialist - Wholesale Lending Services (Chicago, IL)

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.
Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.

Primary functions for the role include monitoring the collateral of clients with asset-based loans (ABL) and providing customer service in support of the ABL loan product. The monitoring functions include: posting of borrowing bases, calculating ineligible collateral from accounts receivable agings and posting to the collateral monitoring system, identifying and analyzing of collateral changes/trends, reviewing and if necessary balancing cash collateral accounts.  The customer service functions include: processing loan advances, loan balancing, updating advance rates and other loan information, and calculating of interest and fees according to loan documentation. Additionally, individual will be responsible for answering questions for both internal and external clients, and monitoring the receipt and tracking of supporting documentation from the client.

  • Experience in ABL collateral monitoring
  • Business degree (accounting preferred) a plus
  • Familiarity with mainframe loan systems and/or commercial lending loan accounting systems. Knowledge of ABLE system a strong plus
  • Very proficient in Microsoft Office Excel and proficient with other Office applications (Word, Outlook, PowerPoint, etc.)
  • Strong analytical skills and a demonstrated ability to complete complex reconciliations
  • Excellent customer service skills
  • Strong communication skills, verbal and written, both with internal bankers and clients
  • Knowledge of commercial lending loan documentation and the ability to interpret standard commercial lending legal terms and language.
Req #: 200021378
Location: Chicago, IL US
Job Category: Operations
Employment Type: Full Time
Potential Referral Amount: 500 US Dollar (USD)

Keyword: home%20lending


Posted: 2020-03-10 Expires: 2020-04-10

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JPMorgan Chase & Co.
Chicago, IL 60602

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