Job Summary: As the Fee Processing Specialist in Financing Fee Operations, you will review and book revenue earned for JPMC’s syndicated loan products within the Wholesale Lending Services department.
Job Responsibilities:
• Validate JPMorgan's loan origination fees related to Investment Bank / Commercial Bank / Asset-Based Lending / Private Bank & Dealer Commercial Services (Retail) deals. Fees are validated based on the calculations in executed legal documentation and the firm's Accounting Policy.
• On fully syndicated deals, calculate JPMorgan’s syndication fees in relation to the fees paid to the retail lenders.
• Prepare detailed fee write-up for Financial Controllers on complex fees or JP Morgan fee revenue in excess of $3MM. Work with Controllers to determine the proper recognition of fees paid to JP Morgan.
• Prepare fee templates to reflect loan database booking decisions for audit purposes.
• Monitor and balance fees held awaiting disposition, substantiate all outstanding balances, and ensure all outstanding fees are booked in the accounting systems in the correct month.
• Prepare and distribute daily, weekly and monthly metric reports related to fees paid to JP Morgan. These reports detail information on fees paid pending processing, documentation turnaround time, fees booked, processing times and reasons for delay.
• Facilitate weekly metric conference calls with Financial Controllers, Business Representatives, Management, Deal Closers and Middle Office to discuss pipeline fees and documentation status.
Required Qualifications, Capabilities, and Skills:
• Bachelor’s degree in Economics, Business or similar
• 2yrs industry related job experience
• Experience reading and interpreting loan documentation or related experience dealing with legal documentation.
• Must be a team-oriented individual
• Excellent organization and communications skills (verbal and written)
• Analytical mentality, strong problem solving and judgement skills
• Solid working knowledge of Microsoft Office (Excel, Word, Outlook, and PowerPoint)
About UsJ.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.Skills Required
- Bachelor's degree in Economics, Business or similar
- 2 years industry related job experience
- Experience reading and interpreting loan documentation or related legal documentation
- Team-oriented individual
- Excellent organization and communications skills (verbal and written)
- Analytical mentality, strong problem solving and judgement skills
- Solid working knowledge of Microsoft Office (Excel, Word, Outlook, PowerPoint)
JPMorganChase Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.
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Healthcare Strength — Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
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Parental & Family Support — Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
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Retirement Support — Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.
JPMorganChase Insights
What We Do
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.
Why Work With Us
Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.
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