Loan Origination Associate
JPMorganChase, Newark, DE, United States
Position Summary
The Loan Servicing Associate supports the largest and most sophisticated corporate loan transactions in the market. They primarily provide operational support to Debt Capital Markets on Term Loan B/institutional debt where JPM is the administrative agent. This position is responsible for loan servicing/administrative support (reconciliation, billing, payments) and has direct communication with borrowers, lenders, and business partners.
Essential 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 ensure past‑due principal, interest, and fees are accurately accounted for and provide clients with timely, accurate invoices.
Maintain margin changes and properly communicate them to the 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 thoroughly understanding the credit agreement and verifying system set‑up accuracy.
Back up co‑workers, work on special projects or other tasks as assigned.
Minimum Requirements
Undergraduate degree strongly preferred; related job and industry experience (3+ years) may be accepted.
Solid working knowledge of Microsoft Office applications (Excel, Word, PowerPoint).
Experience reading and interpreting syndicated loan documentation or supporting syndicated loans and using LoanIQ.
Ability to manage concurrent assignments effectively, efficiently, and in an organized manner.
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 judgment skills.
Flexible working schedule, with occasional overtime required.
JPMorgan Chase & Co. is an equal‑opportunity employer and places a high value on diversity and inclusion. 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, disability, or any other basis protected under applicable law. Reasonable accommodations are made for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.
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Essential 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 ensure past‑due principal, interest, and fees are accurately accounted for and provide clients with timely, accurate invoices.
Maintain margin changes and properly communicate them to the 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 thoroughly understanding the credit agreement and verifying system set‑up accuracy.
Back up co‑workers, work on special projects or other tasks as assigned.
Minimum Requirements
Undergraduate degree strongly preferred; related job and industry experience (3+ years) may be accepted.
Solid working knowledge of Microsoft Office applications (Excel, Word, PowerPoint).
Experience reading and interpreting syndicated loan documentation or supporting syndicated loans and using LoanIQ.
Ability to manage concurrent assignments effectively, efficiently, and in an organized manner.
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 judgment skills.
Flexible working schedule, with occasional overtime required.
JPMorgan Chase & Co. is an equal‑opportunity employer and places a high value on diversity and inclusion. 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, disability, or any other basis protected under applicable law. Reasonable accommodations are made for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.
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