IB Ops - Account Manager â€" Loan & Agency Services (Client Processing Specialist) Wholesale Core Operationsâ€" Newark, Delaware
Location: Newark, Delaware
Description: JPMorgan Chase is currently seeking to employ IB Ops - Account Manager â€" Loan & Agency Services (Client Processing Specialist) Wholesale Core Operationsâ€" Newark, Delaware right now, this occupation will be situated in Delaware. More details about this occupation opportunity please give at! tention to these descriptions. -
130018604
Job Description
IB Ops - Account Manager - Loan & Agency Services (Client Processing Specialist) Wholesale Core Operations- Newark, Delaware
General Summary:
Provides operational support to Investment Bank for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This position is responsible for administering a portfolio of approximately 30-40 syndicated accounts. The account manager has direct contact with borrowers, lenders, and business partners while performing loan servicing facets.
Essential Responsibilities:
Initiate loan activity (fundings, repricings, payments) as instructed by the client in accordance with credit agreements
Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions
Reconcile daily funding and payment act! ivity 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 escalate past due principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices
Maintenance of margin changes and proper communication to bank group
Provide information as requested by Clients, Business Partners, Middle Office, or Lenders
Monitor control reports updating 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;
Perform quality control on new deals, restructures and amendments by thoroughly understanding the credit agreement verifying system set up accuracy
Back up ! co-workers, work with various special projects or other tasks as assigned
Qualifications
Minimum Requirements:
Education: Minimum undergraduate degree from an accredited university, preferably majoring in accounting, finance, economics or math. Related job and industry experience can be accepted as a substitute (2+ years)
General to intermediate accounting knowledge
Ability to manage concurrent assignments in an effective, efficient and organize 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
Job
Operations
Primary Location
US-DE-Newark-MCC - Ops 2 / 00767
Organization
Commercial Bank
Schedule
Full-time
Job Type
Standard
Day Job
Employee Status
Regular
Corporate Brand
J.P. Morgan
- .
If you were eligible to this occupation, please email us your resume, with salary requirements and a resume to JPMorgan Chase.
Interested on this occupation, just click on the Apply button, you will be redirected to the official website
This occupation starts available on: Tue, 20 Aug 2013 00:03:43 GMT