Loan Servicing Associate - Asset Based Lending

Location: Charlotte, NC, United States

Job Family: Lending Services

About the Role

At JP Morgan Chase, we are a leading global financial services firm with a strong presence in lending and capital markets. The Loan Servicing Associate in Asset Based Lending plays a critical role in our Corporate & Investment Bank division, providing operational support for syndicated and bilateral loans tied to sophisticated corporate transactions. Based in our Charlotte, NC office, this position involves managing the end-to-end servicing of asset-based facilities, ensuring seamless execution for clients ranging from mid-market companies to large corporations. You will contribute to maintaining the integrity of our loan portfolios by handling complex collateral monitoring and compliance tasks in a dynamic, high-stakes environment. Key responsibilities include processing loan advances, monitoring asset collateral values, and reconciling financial data to support accurate reporting and risk management. As part of a collaborative team, you will interact with internal partners such as credit analysts, legal experts, and relationship managers, while adhering to stringent regulatory standards like those from the OCC and SEC. This role demands precision in reviewing loan documents, resolving discrepancies, and preparing insightful reports that inform decision-making at JP Morgan Chase. Opportunities for growth abound, with exposure to innovative lending solutions and advanced technologies driving the future of asset-based finance. We value associates who bring a blend of technical acumen and adaptability to thrive in our fast-paced culture. Joining JP Morgan Chase means becoming part of a world-class institution committed to excellence, diversity, and community impact. If you have a passion for financial operations and a drive to support complex corporate deals, this position offers a rewarding path to build your career in lending services.

Key Responsibilities

• Process and service syndicated and bilateral loans, ensuring accurate booking and funding of advances
• Monitor collateral positions and perform daily valuations for asset-based lending facilities
• Review and verify loan documentation for compliance with credit agreements and regulatory standards
• Handle borrower inquiries, payments, and amendments in coordination with relationship managers
• Reconcile loan balances, interest accruals, and fees using JP Morgan's proprietary systems
• Prepare reports on loan portfolio performance and risk metrics for internal stakeholders
• Collaborate with legal, compliance, and credit teams to resolve discrepancies and exceptions
• Support audit and regulatory examinations by providing accurate loan servicing records
• Assist in onboarding new asset-based lending deals, including setup of covenants and monitoring tools
• Identify and escalate operational risks or issues in loan servicing processes

Required Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field
• At least 2 years of experience in loan servicing, asset-based lending, or syndicated loan operations
• Strong understanding of loan documentation, including credit agreements and collateral requirements
• Proficiency in financial systems and Microsoft Office Suite, particularly Excel
• Knowledge of regulatory requirements in the financial services industry, such as Dodd-Frank and Basel III
• Excellent attention to detail and ability to handle complex, high-volume transactions
• Ability to work in a fast-paced environment with tight deadlines

Preferred Qualifications

• Experience with syndicated and bilateral loans in a corporate banking context
• Familiarity with JP Morgan Chase's internal loan servicing platforms
• Certification in loan operations or asset-based lending (e.g., from the Loan Syndications and Trading Association)
• Prior exposure to sophisticated corporate transactions involving large-scale assets
• Advanced analytical skills with experience in data reconciliation and reporting

Required Skills

• Loan servicing and operations expertise
• Asset-based lending knowledge
• Syndicated loan processing
• Financial reconciliation and accounting
• Regulatory compliance awareness
• Data analysis and reporting
• Proficiency in Excel and financial software
• Attention to detail
• Problem-solving abilities
• Communication and interpersonal skills
• Time management in high-pressure settings
• Team collaboration
• Risk identification and mitigation
• Document review and verification
• Customer service orientation for borrower interactions

Benefits

• Comprehensive health, dental, and vision insurance plans
• 401(k) retirement savings plan with company matching contributions
• Generous paid time off, including vacation, sick days, and parental leave
• Professional development programs and tuition reimbursement for relevant certifications
• Employee stock purchase plan and performance-based bonuses
• Wellness programs with gym memberships and mental health support
• Flexible work arrangements, including hybrid options in Charlotte, NC
• Access to JP Morgan's global mobility opportunities and career advancement paths

JP Morgan Chase is an equal opportunity employer.