Join the firm that FORTUNE has named one of the top five "World's Most Admired Companies" and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career.

As a Loan Setup & Funding Associate within Asset Based Lending, you will read, comprehend, and interpret complex loan and security agreements, other legal documentation, and approval documents/memos. You will coordinate, propose, or actively participate in deal team meetings as necessary, depending on the complexity of the transaction and experience of portfolio in closing complex transactions to ensure smooth closing/funding. Identify risks inherent in loan documentation/loan structure, implement appropriate controls (e.g. quarterly interest, unusual amortization schedules) will be essential to success.

Job responsibilities

• Review loan documents for accuracy compared to what was approved via internal credit reporting application, operational conditions, find minute changes in legal documentation that directly impact loan operations processes or Loan IQ system constraints

• Review complex disbursement authorizations/funds flow, identify inconsistencies within the funds flow, be aware of what forms of wire transfers Asset Based Lending can and cannot perform to adhere to policies and procedures

• Evaluate and understand all aspects of fee accounting, Loan IQ fee types and transactions and their impact on the firm's general ledger and downstream impacts

• Analyze borrowing base components/structure and propose the 'best' borrowing base structure given the firm's system environment for ease of ongoing monitoring

• Evaluate and understand the depository account structure, funds flow/cash movements between accounts, cash dominion and impact on funds flow, funds transfer agreements, signature cards/corporate resolutions, etc. or have a basic understanding of fundamental bank depository products

• Coordinate closing and funding of transactions with deal team members such that loans are booked efficiently and with the proper sense of urgency for deadlines, this may include rigorously communicating clearly with Asset Based Lending business partners and other loan operation areas.

• Assist in Asset Based Lending loan operations projects as needed, analyze existing processes, and propose improvements where identified, and be willing to contribute wherever possible

Required qualifications, capabilities, and skills

• 1+ years of Syndicated Commercial loan experience

• Knowledge of loan documentation, fee accounting, flood regulation and willingness to gain more in-depth understanding of legal documents and terminology.

• Demonstrates Flexibility: Willingness to adjust to changing conditions and priorities; remains positive and optimistic during periods of change

• Communication: Superior communication and customer service skills, both internally and externally focused and verbal and written, speaks up and proactively notifies deal team members on updates. Ability to formulate open-ended questions in either verbal or written format.

• Teamwork: Motivated to pitch in and help for the good of the team (Asset Based Lending Operations and Deal Team), supportive, helpful to others, and collaborative

• Interpersonal Relationship Skills: Willingness to learn, receive direction, and ask well-thought-out questions. Maintains and/or builds relationships across all areas of Asset Based Lending. Gains cooperation of deal team members. Respects different points of view and treats others with respect.

• Leadership: Takes responsibility, seeks out additional responsibilities, is highly respected by others, truthful & honest, inspires others to follow strategy/goals, excellent judgment. Delivers feedback to others, as applicable. Mentors and coaches by leveraging experience. Demonstrates flexibility to ensure that Asset Based Lending Loan Operations delivers a world-class product to its clients.

Preferred qualifications, capabilities, and skills

• Bachelor's Degree in accounting/finance/general business

• Knowledge of the asset-based lending line of business, borrowing base concepts, and general knowledge of roles/responsibilities of syndications, originations, underwriting, portfolio, and field exam

• Knowledge of Loan IQ or similar loan system and Microsoft applications (Excel, Word PowerPoint)

This is a hybrid role which requires going into the office 3 days a week with 2 days flexibility to work from home, which is subject to change.

Final Job Grade and officer title will be determined at time of offer and may differ from this posting.

This position is not eligible for H1B or Sponsorship

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. 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, 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