Loan Servicing Associate

Year    Bangalore, Karnataka, India

Job Description


JPMorgan Chase & Co., 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 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. In accordance with applicable law, we make reasonable accommodations for applicants\' and employees\' religious practices and beliefs, as well as any mental health or physical disability needs. J.P. Morgan in India provides a comprehensive range of Corporate & Investment Banking, Commercial Banking, Asset & Wealth Management, and corporate functions services and solutions to our clients, executing some of the most important financial transactions and providing essential strategic advice to our clients such as the government, large domestic and multi-national corporations, non-government organizations and financial institutions and investors. India is a key market for JPMorgan Chase globally and our employees in India are a critical part of how we do business globally and are integrated within our businesses. Our Corporate Centers are strategically positioned in Mumbai, Bangalore and Hyderabad to support the firm\'s operations regionally and globally. The centers provide comprehensive strategic support across technology and business operations processing to all lines of business and the corporate functions. COMMERCIAL BANKING - LOAN AND AGENCY SERVICES DESCRIPTION - The CB - Loan Operations team is responsible for servicing a portfolio of syndicated (Agency and non-Agency) loans across 12 geographies in Asia, 6 in EMEA and the region of North America. The team also provides support to Secondary Loan Trading Settlements and Deal Set-up . Support is provided for the held to maturity and held to sale portfolios for the Commercial and Investment customers of the bank. Servicing involves deal set up, processing new and subsequent draws, pay downs, rollovers, interest and fees application, sub-participation support. Given global nature of the service delivery, the team provides 24/5 business support and partners with internal & External stakeholders across the globe, cutting across various time zones. Associate (601) - Loan & Agency- Wholesale Lending Services As a Deal Set Up QC, you\'ll provide operational support to the Commercial & Investment Bank for syndicated credit structures where JPMorgan is a Lending Bank. This position is responsible for entire post-origination quality check which involves gathering the credit and regulatory and compliance requirements and subsequent detailed review of the credit agreement followed by set up of the Credits in firms Book Keeping System. Essential Responsibilities: Read and interpret complex legal credit agreements and related documentation, working with attorneys when applicable Reviewing case and documentation summaries prepared by analysts Perform QC on the credit set up as per credit agreements and loan activity (fundings, payments) as instructed by the Agent in accordance with credit agreements Initiate and reconcile automated funds\' movements in accordance with client/agent instructions Perform quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement and verifying system set up accuracy Ensure the errors cited are remediated with in the given timelines Monitor control reports and update applicable comments Participate in system testing as needed, which may occur during non-business hours Assist with any administrative tasks associated with the terms of a Credit Agreement Back up co-workers and work with various special projects or other tasks as assigned Should be able to deliver in pressure environment with minimal supervision Will be responsible for process specific MIS reporting Qualifications: Minimum Graduate Degree from an accredited university, preferably majoring in accounting, finance, economics or math. Related job and industry experience can be accepted as a substitute (7 to 9 years) 3 Years of Loans/Syndicated Loans experience or loan operations (LoanIQ Experience is a plus) 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 communications skills and strong interpersonal/client servicing skills Strong analytical, problem solving, and proven decision-making skills Solid working knowledge of Microsoft Office applications (i.e. Excel, Word and PowerPoint) Experience with reading and interpreting loan documentation or related experience dealing with legal documentation is preferred. Multicurrency loan products and intricate pricing knowledge. Should be comfortable for Night shifts

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Job Detail

  • Job Id
    JD3021608
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bangalore, Karnataka, India
  • Education
    Not mentioned
  • Experience
    Year