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Commercial Bank - Client Processing Specialist - Wholesale Lending Services (Chicago, IL)

Req #: 180022434
Location: Chicago, IL, US
Job Category: Collections
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 world’s most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & 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.


Wholesale Lending Services (WLS) services several lines of businesses within JPMorgan Chase, including Business Banking, Global Wealth Management, Investment Banking and Commercial Banking. The group consists of approximately 1,300 employees and is responsible for over $500 billion in loans outstanding.


As a member of the Corporate Client Banking Loan & Agency team, the candidate is responsible for processing loan & letter of credit transactions associated with Real Estate Banking, Managed Assets, and Canadian portfolios. Responsible for maintaining customer files, generating invoices, collection and application of funds, reconciling differences, monitoring past dues & management reports and ensuring system integrity.


Job responsibilities

  • Process transactions for sensitive and/or complex customer relationships on syndicated loans (both JPM agented and Non-Agented deals) using the Loan IQ loan system. (i.e. Daily advances & payments for LIBOR loans, ABR/PRIME loans, Swing loans, and Bankers Acceptances -  as well as processing of Loan Rollovers/Conversions/Repricings)
  • End to end deal servicing: From time of closing up to and including termination of syndicated loans. (with a general understanding  of Revolver and Term Loan facilities mechanics)
  • Exceptional customer service skills - Customer contact focuses on high volume or unique activities requiring interaction with multiple clients, lenders, agent banks and internal market/credit partners & resources. (Ability to calculate interest and fee accruals for billing is required for this role.)
  • Responsible for minimizing credit and business risk through awareness of procedure, compliance, and bank policy
  • Participating in projects and working groups as required
  • Other duties as assigned

  • Work experience with Participated and Syndicated loans preferred
  • Proven ability in accounting techniques and strong analytical skills (including knowledge in accrual/GL reconcilement.)
  • 4-5 years professional working experience in banking or financial services is required.
  • Ability to adapt to new systems; LS2/ Loan IQ system knowledge preferred   - but will review experience with other syndicated loan systems such as ACBS, Agent + or AFS)
  • Familiarity with Foreign Currency a plus.
  • Demonstrated ability to interpret standard reports, forms/legal documents and handling customer inquiries.  (including Credit Agreements and Amendments)
  • Excellent interpersonal and written/verbal communication skills
  • Effective in time management, prioritizing, multi-tasking and meeting tight deadlines.
  • Ability to work in a team environment
  • Strong organizational and time management skills
  • Proficient in Microsoft Office applications (i.e. Excel, Word, Outlook, etc.).  Excel proficiency a must
  • Attention to detail and accuracy in processing work

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