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

Req #: 170124800
Location: Chicago, IL, US
Job Category: Operations
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 & 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.


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.

 

The Transaction Processing Specialist is responsible for reviewing and processing loan bookings and various forms of monetary related transactions on the applicable commercial loan system. They will also be asked to participate in projects assigned by the Manager. High volumes and daily deadlines are routine for this portfolio.


The primary responsibilities include:

  • Setup and fund new loan bookings, renewals, and modifications on commercial loan system
  • Ensure funding and related offsets to general ledger are in compliance with daily procedures
  • Process payments, rate resets, and quote payoffs
  • Process miscellaneous debits and credits as they relate to loan disbursements
  • Research detailed requests from the line of business partners related to processed transactions
  • Process maintenance to system related to normal accrual and non-performing loan transactions
  • Develops and maintains client relationship

Qualifications:
  • A four-year college degree is preferred 
  • Commercial loan operations experience preferred
  • Strong analytical, problem solving and judgment skills
  • Excellent verbal and written communication skills
  • Organized with the ability to multi-task
  • Strong client servicing skills
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