Commercial Loan Truerate Services in USA

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.

Responsibilities:

As a Loan Origination Associate you will create Floorplan and Commercial documentation through the use of HotDocs for the Dealer Services Group. Work with Credit Coordinators, Bankers, Underwriters, Controls, Compliance, internal and external legal counsel and outside vendors to complete the request. Performs documentation preparation and documentation review for existing customers and new prospects based on an established criteria. Reviews and analyzes the terms, conditions, and financial components in the approval documentation to create the required legal documents for loan transactions. Identified potential problems while offering solutions, analyze transaction type and identify, collect, review and distribute necessary due diligence items for loan closings. Responsible for meeting service level expectations in addition to team, individual productivity and quality goals. Work queue monitoring and assigning to Loan Origination Specialists.  Monthly data reporting to senior leaders.  Presenting daily pipeline items to management to avoid SLA misses.  Create and maintain training materials for new hires.  Continued upkeep of procedures and processes.  Working closely with business partners to ensure process changes are inclusive of all groups impacted.  Assist with system and template testing and annual attestations of procedures.

Qualifications:

• 5-7 years of experience in commercial loan documentation preparation
• Knowledge of Dealership floorplan operations
• 3-5 years in supervisory/management role
• Knowledge of risk management, collateral perfection, compliance and other related experience
• Adhere to controls and procedures in place and help to identify any process gaps.
• Proficient in the use of Outlook, Windows and Microsoft Office.

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 worldwide and is responsible for over $500 billion in loans outstanding.

Syndicated Loan Transaction Coordination, as a team within WLS, is responsible for coordinating complex syndicated and bilateral loans for the Corporate Investment and Commercial Banks. The team works closely with the JPM origination businesses, ensuring that all necessary information is reviewed for operational feasibility and optimal execution. The team partners with various internal and external parties, including but not limited to, Debt Capital Markets (DCM), Credit Risk, Loan and Agency Services, Legal, as well as JPM Borrowers and Lender Clients. The team also interacts with counterparts internationally on cross-border transactions, originating out of North America.

Locations:  Newark, DE and Charlotte, NC

Responsibilities:

• Assist and partner with team associates to manage and maintain a portfolio of active leveraged and high grade loan transactions for the Investment and Commercial Bank
• Support Leverage Finance and DCM with the execution and closing of complex loan transactions, including but not limited to, new deals, refinancing and amendments
• Collect and review legal loan documentation, ensuring operational standards are met
• Liaise and coordinate pre-closing requirements with internal and external clients (i.e. Debt Capital Markets, Syndicate, Credit Risk, Loan and Agency Services, Product Control, Legal, Trade Settlements, Borrowers and Lenders)
• Review and advise on funding mechanics and operational requirements as it pertains to internal booking locations, regional and currency policies
• Initiate and coordinate trade settlement process with ClearPar and internal trade settlement team for Institutional Term Loan transactions
• Coordinate internal KYC review and Flood due diligence
• Assist with ad-hoc inquiries from Borrowers, Lenders, and Arrangers pertaining to the closing process and ongoing maintenance of the deal
• Schedule internal conference calls to ensure pre-closing requirements have been met and resolve / escalate any outstanding issues
• Assist internal colleagues with fee documentation and recognition
• Execution of best practices and control, risk mitigation and escalation point of contact
• Participate in projects and provide valuable input with various working groups created to enhance performance and efficiency

Qualifications:

• Undergraduate degree or equivalent experience
• 1- 2 years of Syndicated Loan experience or equivalent is preferred
• Demonstrated understanding of financial services, specifically within Investment Banking
• Proven ability to collaborate with team members and senior management across and within the lines of business with a keen attention to detail, strong oral and written communication skills, and strong analytical capability
• Ability to operate in a challenging and rapidly changing environment with a desire to accept new assignments and the ability to learn new principles and dynamic systems quickly
• Critical decision-making abilities including the ability to identify, escalate, and propose solutions to problems
• Ability to multi-task through the practice of strong organizational and time management skills
• Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)
• Excellent oral and written communication skills
• Ability to take initiative and self-motivate, as well as work as part of a team