Collateral Service Analyst-Commercial Lending - JPMorgan Chase
Charlotte, NC
About the Job
Join the firm that FORTUNE has named one of the top five "World's Most Admired Companies" and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for "B est places to work and grow your career"
As a Collateral Servicing Analyst within Wholesale Lending Services Collateral Monitoring, you will serve as the primary loan operations contact for approx. 25-35 clients with A sset B ased L oans (ABL) provided by JPM organ Chase
Job Responsibilities
+ M aintain s a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly; queries to be expected are billing, availability, borrowing, or other system update requirement related (e.g. advance rate update via appraisal, change in sublimit or commitment, etc).
+ P erform a post loan closing review of the relationship, including review of loan agreement and field exam and confirm deal tickler set up
+ D raft and maintain the Client Resource Guide for all assigned accounts and assist with loan onboarding.
+ M onitor the timeliness and completeness of the client's collateral reporting and verify authorized signatures are on the reports; Will also advise the Credit Risk Manager of reporting inadequacies and other issues and, under the Credit Risk Manager's direction, work with the borrower to resolve these problems.
+ R eview, analyze, reconcile, and post the borrowing base certificate and/or sales and collection reports and supporting documentation to confirm the value of the borrower's collateral as well as the availability and the collateral system; should be able to calculate ineligibles and reconcile collateral to agings, perpetuals and financial statements or ledgers.
+ Maintain effective and regular line of communication with the Credit Risk Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties. Other duties and special projects may be assigned by management.
Required qualifications, capabilities, and skills
+ 1+ years of e xperience with commercial lending loan documentation, receivable, inventory and/or other type of collateral monitoring OR Asset Based Lending operations
+ Excellent customer service skills
+ Familiarity with mainframe loan systems and/or commercial lending loan accounting systems.
+ Strong analytical skills and a demonstrated ability to complete complex reconciliation s
+ Strong communication skills, verbal and written, both with internal bankers and clients
Preferred qualifications, capabilities, and skills
+ Proficien cy in ACE/Stucky and LoanIQ
+ Bachelor's degree in business, finance, or accounting
This is a hybrid role which requires going into the office 3 days a week with 2 days flexibility to work from home, which is subject to change.
Final Job Grade and officer title will be determined at time of offer and may differ from this posting.
This position is not eligible for H1B or Sponsorship
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
As a Collateral Servicing Analyst within Wholesale Lending Services Collateral Monitoring, you will serve as the primary loan operations contact for approx. 25-35 clients with A sset B ased L oans (ABL) provided by JPM organ Chase
Job Responsibilities
+ M aintain s a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly; queries to be expected are billing, availability, borrowing, or other system update requirement related (e.g. advance rate update via appraisal, change in sublimit or commitment, etc).
+ P erform a post loan closing review of the relationship, including review of loan agreement and field exam and confirm deal tickler set up
+ D raft and maintain the Client Resource Guide for all assigned accounts and assist with loan onboarding.
+ M onitor the timeliness and completeness of the client's collateral reporting and verify authorized signatures are on the reports; Will also advise the Credit Risk Manager of reporting inadequacies and other issues and, under the Credit Risk Manager's direction, work with the borrower to resolve these problems.
+ R eview, analyze, reconcile, and post the borrowing base certificate and/or sales and collection reports and supporting documentation to confirm the value of the borrower's collateral as well as the availability and the collateral system; should be able to calculate ineligibles and reconcile collateral to agings, perpetuals and financial statements or ledgers.
+ Maintain effective and regular line of communication with the Credit Risk Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties. Other duties and special projects may be assigned by management.
Required qualifications, capabilities, and skills
+ 1+ years of e xperience with commercial lending loan documentation, receivable, inventory and/or other type of collateral monitoring OR Asset Based Lending operations
+ Excellent customer service skills
+ Familiarity with mainframe loan systems and/or commercial lending loan accounting systems.
+ Strong analytical skills and a demonstrated ability to complete complex reconciliation s
+ Strong communication skills, verbal and written, both with internal bankers and clients
Preferred qualifications, capabilities, and skills
+ Proficien cy in ACE/Stucky and LoanIQ
+ Bachelor's degree in business, finance, or accounting
This is a hybrid role which requires going into the office 3 days a week with 2 days flexibility to work from home, which is subject to change.
Final Job Grade and officer title will be determined at time of offer and may differ from this posting.
This position is not eligible for H1B or Sponsorship
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 offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and 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 is an Equal Opportunity Employer, including Disability/Veterans
Source : JPMorgan Chase