27 days old

Commercial Bank - Client Processing Specialist - Wholesale Lending Services - Newark, DE

JPMorgan Chase & Co.
Newark, DE 19711
  • Job Code
    190100543

Commercial Bank - Client Processing Specialist - Wholesale Lending Services - Newark, DE

Req #: 190100543
Location: Newark, DE, US
Job Category: Operations
Potential Referral Amount: US Dollar (USD)
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 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.
 
General Summary:
Provides operational support to Investment Bank for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan.  This position is responsible for administering a portfolio of approximately 30-40 syndicated accounts.  The account manager has direct contact with borrowers, lenders, and business partners while performing loan servicing facets. 
 
Essential Responsibilities:
  • Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
  • Calculation and tracking of 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 working 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 that the loan accounting system is accurate and provide clients timely and accurate invoices
  • Maintenance of margin changes and proper 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 verifying system set up accuracy
  • Back up co-workers, work with various special projects or other tasks as assigned
Minimum Requirements:
  • Education: Minimum undergraduate degree from an accredited university, preferably majoring in accounting, finance, economics or math. Related job and industry experience can be accepted as a substitute (2+ years)
  • General to intermediate accounting knowledge
  • Ability to manage concurrent assignments in an effective, efficient and organize manner
  • Ability to work independently within a team environment
  • Excellent oral and written communications skills and strong interpersonal/client servicing skills
  • Strong analytical, problem solving and proven decision-making skills
  • Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint)
  • Must have experience reading and interpreting loan documentation or related experience dealing with legal documentation
  • Loan experience or loan operations is a plus
  • Flexible working schedule with some overtime required

Keyword: consumer%20banking

Categories

Posted: 2019-11-15 Expires: 2019-12-15

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Commercial Bank - Client Processing Specialist - Wholesale Lending Services - Newark, DE

JPMorgan Chase & Co.
Newark, DE 19711

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