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 effectively and efficiently
- 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 decision-making skills
Responsibilities
- Initiate loan activities such as fundings, repricings, and payments as per client instructions and credit agreements
- Calculate and track complex interest and fee accruals across changing lender distributions
- Reconcile daily funding and payment activities to account for all cash transactions
- Read and interpret complex legal credit agreements and related documentation, collaborating with attorneys when necessary
- Initiate and reconcile automated funds movement according to client/lender instructions
- Monitor and escalate past due principal, interest, and fees to ensure accurate loan accounting and timely client invoicing
- Maintain margin changes and communicate effectively with the bank group
Preferred Qualifications
- Familiarity with loan-based software (LoanIQ, ClearPar)
- Bachelor’s Degree or 1+ year of experience in Loan, Finance, or Securities
- Familiarity with syndicated loans and Loan Syndication and Trading Association (LSTA) standards
- Prior knowledge of loan products or trading operations