Commercial Banking - Reconciliation 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 worlds 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.Individual will work as part of the Recon Team to provide Accounting control and operational support for a variety of functions and across multiple lines of business utilizing the various commercial loan systems supported by Wholesale Lending Services.

Hours: M-F 10:30 A.M-7:00PM Central.

Duties include:
· Perform the End of Day processing/settlement of DDA transaction for the ACBS loan system
· Analyze, research, and correct reconciling differences between the loan systems, the General Ledger (SAP) and various data warehouses requiring knowledge and experience regarding the system interfaces involved.
· Participate in general ledger and loan systems projects, including conversions, testing, enhancement implementations, etc
· Identify and address outages and recon issues impacting internal business partners including Treasury, Money Transfer, Finance, and loan processing staff within required SLAs
· Generate and distribute various daily, weekly or monthly recon reports
· Provide direction to Loan Operations staff on transaction processing or adjustments to correct errors, outages, etc.
· Process loan fees and work with various business partners to ensure appropriate booking of fees
· Perform Treasury related functions including but not limited to COF and break-funding's
· Develop and maintain written operational procedures for all tasks performed and cross train to provide effective support to all team members

Desired profile

·  College degree preferred in business, accounting, finance or equivalent work experience with commercial loans
·  Two years experience in accounting, substantiation and reconciliation functions preferred
·  Knowledge of commercial loan systems and applications including Loan IQ, ACBS, VLS, SAP, Customer Assist, eServe, MITs, etc
·  Strong verbal and written communications skills
·  Strong problem solving, analytical and judgment skills
·  Proficient in Microsoft Word, Excel, and Access
·  Ability to work independently and in a team environment