Analyst - Fund Services Bank Loans Administration

Job Summary

Bank Loan Administration is responsible for trade instruction capture, settlements, and lifecycle events for bank loan assets under Fund Services. The team partners with various internal and external parties, including but not limited to, fund accounting, client services, fund managers, as well as agent banks. 

As an Analyst in Fund Service Bank Loans Administration, you will play a crucial role in managing trade instruction capture, settlements, and lifecycle events for bank loan assets. You will have the opportunity to collaborate with various internal and external parties, including fund accounting, client services, and fund managers, as well as agent banks. This role provides a unique opportunity to enhance your skills and knowledge in bank loan administration.

Job responsibilities:

• Understand the basics of all aspects of loan or deal administration functions (including all aspects of funding).
• Participate in oversight of bank loans life cycle events including paydown, drawdown, interest rate resets, payment-in-kind interest calculations, delayed compensation accruals / calculations and trade settlements
• Develop a thorough knowledge of our client base and building relationships with Investment Managers and other related third parties. Work closely with your clients to resolve queries and providing first level account service
• Create, maintain and update procedures for client specific deliverables
• On-going review of daily controls and communication of any new training or procedural changes to the team; ensure that all controls and procedures outlined in the procedures manual and general company policies are complied with across all groups
• Ensure all scheduled work is completed by agreed deadlines, checklists are signed and files contain all required documentation; work cooperatively and effectively with others to set goals, resolve problems and make decisions that enhance organizational effectiveness
• Assist in testing and implementation of system enhancements as required

 

Required qualifications, capabilities, and skills:

• Knowledge of the bank debt asset class, including primary and secondary market trading
• Demonstrate ability to think analytically, logically and proactively identify issues and implement solutions
• Excellent interpersonal skills and a strong customer service orientation
• Strong organizational skills, concern for quality and accuracy, as well as meeting strict deadlines
• A willingness to work hard and go beyond expectations

 

Preferred qualifications, capabilities, and skills:

• Bachelor’s degree, preferably Finance, Accounting, or Economics
• Minimum one year of direct bank debt/leveraged loan operations experience; exposure to distressed loans and / or loan closing
• Knowledge of LSTA/LMA standard documents, such as Trade Confirmations
• Knowledge of financial data providers such as Bloomberg, ClearPar, and IHS Markit; investment vehicles related to bank debt (CLOs, private equity funds, etc.)
• Strong understand of accounting principles, specifically how bank debt transactions impact financial statements

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, p