Loan Servicing Analyst
| Company | JP Morgan Chase |
|---|---|
| Location | Newark, DE, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Entry Level/New Grad, Junior |
Requirements
- Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
- General to intermediate accounting knowledge
- Ability to manage concurrent assignments in an effective, efficient, and organized manner
- Ability to work independently within a team environment
- Excellent oral and written communication skills and strong interpersonal/client servicing skills
- Strong analytical, problem-solving, and proven decision-making skills.
Responsibilities
- Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements.
- Calculate and 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, 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.
- Maintain margin changes and proper communication to bank group.
Preferred Qualifications
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Bachelor’s Degree or 1+ year of experience with either Loan, Finance, or Securities experience
- Familiarity with syndicated loans and Loan Syndication and Trading Association (LSTA) standards
- Prior knowledge of loan products or trading operations.