Loan servicing specialist Jobs in Jersey City, NJ

Join a dynamic team supporting high-impact corporate loan transactions. Make a difference in the world of institutional finance!

Job Summary :

As a Loan Servicing Analyst in Debt Capital Markets, you will support the largest and most sophisticated corporate loan transactions in the market. You will primarily provide operational support on Term Loan B / institutional debt where JPMorgan Chase is the administrative agent. You will provide loan servicing and administrative support, including reconciliation, billing, and payments, and communicate directly with borrowers, lenders, and business partners.

Job 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 loan accounting system accuracy and provide timely invoices
• Govern the 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 and update applicable comments
• Assist with administrative tasks associated with the terms of a credit agreement
• Perform quality control on new deals, restructures, and amendments by verifying system setup accuracy. Back up co-workers and participate in special projects or other tasks as assigned

Required Qualifications, Capabilities, and Skills :

Preferred Qualifications, Capabilities, and Skills :

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and / or discretionary incentive compensation, paid in the form of cash and / or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability / Veterans