Commercial Banking - Loan Origination Specialist IV
Posted on: 12 Feb 2021
Chicago, IL
Job Description
Primary Responsibilities:
Reporting to a Credit Admin Team Leader, the Loan Origination Specialist provides administrative support for a team of credit underwriters for an assigned portfolio of credit relationships. Responsibilities include, but are not limited to, the following:
Pre-Closing Activities
* Manage and maintain an individual pipeline of active loan transactions
* Review draft and executed loan documents prepared by Outside Counsel (e.g. loan agreement, notes, guaranties and security documents) for consistency with approved terms.
* Review executed legal documents and validate Bank signatures
* Coordinate handoff with Proposal Specialist to ensure legal documents, credit proposal and approval package align
* Download documents from deal sites (e.g. Intralinks, SyndTrak) when applicable.
* Collect various due diligence items and submit to Closer for booking and funding
* Coordinate with WLS, outside counsel and Real Estate Transaction Services teams to obtain third-party vendor work such as flood zone certifications, title work, insurance certificates and UCC searches.
Post-Closing Activities
* Follow up with attorneys to collect legal documentation packages to clear associated exceptions
* Monitor weekly past due legal document reports
* Coordinate with WLS to correct any errors made in on-boarding credit facilities to the loan system
* Coordinate with WLS for the release, substitution or addition of collateral
* Work on special projects as needed
Qualifications:
* Undergraduate Degree or equivalent experience
* Minimum of 4 years professional experience in loan/product operations or a credit/lending environment
* Strong understanding of credit loan products (revolving lines of credit and term loans) and ability to understand moderate to complex loan structures
* Ability to understand and navigate through loan documents
* General experience with related credit systems such as iCRD, Aurora and DealWorks.
* Ability to build and maintain excellent partnerships and relationships throughout CB, including Credit Underwriters, WLS, and Middle Office Support teams, etc.
* Demonstrated independent thinking, good interpersonal and problem solving skills.
* Detail oriented with ability to multi-task, manage priorities effectively
* Ability to take initiative and self-motivate, as well as work as part of a team
* Positive attitude and flexible individual with excellent verbal, written and organizational skills
* Strong PC skills on Windows based applications.
The final job title and job grade is at the discretion of the firm and will be discussed at the time of offer. It may be different than what is listed on the requisition based on candidate experience level.
JPMorgan Chase & Co.
New York, New York
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.
This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.
The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.
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IndustryBanking/Financial Services
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No. of Employees255,998
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Website
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Jobs Posted9051
