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

Job description

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

Desired profile

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

JPMorgan Chase is an equal opportunity and affirmative action employer M/F/Disability/Veteran.

JPMorgan Chase offers an exceptional benefits program and a highly competitive compensation package.