Accountant (Loan Servicing)

3 weeks ago


Newark, United States ATR International Full time

Job Summary:

As the Loan Servicing Specialist IV in Structured Loan and Agency Servicing you will primarily provide operational support for syndicated credit structures agented by JPMorgan or bilateral loans extended to a borrower solely by JPMorgan. This is a client facing role with direct contact with borrowers, lenders, and business partners while performing loan servicing facets.


Job 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 (Statements and Ledgers).

• 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 exceptions/breaks including principal, interest, and fees to ensure that the loan accounting system is accurate and provide clients timely and accurate invoices.

• Perform maintenance of margin changes and appropriate 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 and verifying system set up accuracy.

• Back up co-workers, work on various special projects or other tasks as assigned.



Required Qualifications, Capabilities, and Skills:


• Excellent oral and written communications skills

• Strong interpersonal & client servicing skills

• Solid working knowledge of Microsoft Office applications (i.e., Excel, Word, and PowerPoint)

• Ability to manage concurrent assignments in an effective, efficient, and organized manner.

• Ability to work independently within a team environment.

• Strong analytical, problem solving and proven decision-making skills.

• General to intermediate accounting knowledge


Preferred Qualifications, Capabilities, and Skills:


• Undergraduate degree

• Experience with reading and interpreting syndicated loan documentation or related experience dealing with legal documentation.



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