Fund Servicing Analyst - Global Fund Services Operations Bank Loans

JPMorgan Chase; Tampa (FL); On-site; USD 65,000 - 95,000; Full time

Job summary

JPMorgan Chase & Co. seeks a Fund Servicing Analyst/Associate to manage trade capture, settlements, and lifecycle events for bank loan assets within Fund Services.

Collaborate with fund accounting, client services, and managers to ensure seamless operations and exceptional client service. The role emphasizes accurate lifecycle management, strong communication, and proactive issue resolution in a fast-paced environment.

Qualifications

• Bachelor's degree in Finance or Accounting with at least 2 years' relevant bank debt operations experience.
• Excellent communication and relationship-building skills with team members and partners.
• Strong attention to detail, time management and ability to handle multiple priorities.

Responsibilities

• Understand all aspects of Syndicated/Private loan or deal administration functions (including funding).
• Manage bank loan lifecycle events: paydown, drawdown, interest rate resets, PIK calculations, and trade settlements.
• Oversee reconciliations (Position/Stock and Cash) and ensure accurate records.
• Build client relationships with Investment Managers and third parties; provide first-level account service.
• Create, maintain and update procedures for client deliverables.
• Review daily controls and communicate updates to the team; ensure compliance with policies.
• Assist in testing and implementation of system enhancements as required.

Skills

Communication

Relationship-building

Attention to detail

Time management

Adaptability

Decision making

Education

Bachelor's degree in Finance or Accounting

Tools

Bloomberg

Virtus

ClearPar

IHS Markit

Job description

Bank Loan Administration is responsible for capturing trade instruction, 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 a Fund Servicing Analyst / Associate within the Bank Loan Administration team, you will play a crucial role in managing the trade instruction capture, settlements, and lifecycle events for bank loan assets within our Fund Services division. You will work closely with a network of internal and external partners, including fund accounting, client services, fund managers, and agent banks, to ensure seamless operations and exceptional client service.

Job responsibilities

• Understand of all aspects of Syndicated/Private loan or deal administration functions (including all aspects of funding)
• Be responsible for the bank loan life cycle events including paydown, drawdown, interest rate resets, payment-in-kind interest calculations, delayed compensation accruals / calculations and trade settlements
• Understand all aspects of reconciliations (Position/stock and Cash)
• Develop a thorough knowledge of our client base and build relationships with Investment Managers and other related third parties. Work closely with your clients to resolve queries and provide first level account service
• Create, maintain and update procedures for client specific deliverables
• 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

• Bachelor's degree in Finance or Accounting , with minimum 2 years' relevant work experience in bank debt / leveraged loan operations
• Excellent communication and relationship/partnership-building skills both with team members as well as other business partners
• Strong attention to detail with a control mindset, time management, planning skills and the ability to handle multiple competing priorities
• Demonstrates flexibility and willingness to accept new assignments and challenges in a rapidly changing environment
• Strong decision-making skills, ability to identify problems and propose solutions. Exhibit initiative to raise issues to appropriate/relevant parties when needed

Preferred qualifications, capabilities, and skills

• Knowledge of LSTA/LMA standard documents, such as Trade Confirmations
• Knowledge of financial data providers such as Mainframe applications, Bloomberg, Virtus , Clear Par, and IHS Markit; investment vehicles related to bank debt (CLOs, private equity funds, etc.)
• Strong understanding of accounting principles, specifically how bank debt transactions impact financial statements

JPMorganChase, 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. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of 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, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans