Loan Accounting and Reconciliation Specialist IV

Job title: Loan Accounting and Reconciliation Specialist IV

Company: JPMorgan Chase


Job description: Job Description:Step into a pivotal role as a Loan Accounting and Reconciliation Specialist, where your skills will ensure precision and efficiency in financial operations. As a Loan Accounting and Reconciliation Specialist within the Recon Team, you will provide accounting control and operational support across multiple business lines. You will use various commercial loan systems supported by Wholesale Loan Operations to ensure accurate financial reconciliation and reporting.Job responsibilities

• Perform end-of-day processing and settlement of DDA transactions for the ACBS loan system.
• Analyze, research, and correct reconciling differences between loan systems, the General Ledger (SAP), and data warehouses.
• Participate in general ledger and loan systems projects, including conversions, testing, and enhancements.
• Identify and address outages and reconciliation issues impacting internal business partners within required service level agreements.
• Generate and distribute daily, weekly, or monthly reconciliation reports.
• Provide guidance to Loan Operations staff on transaction processing or adjustments.
• Perform Treasury-related functions, including cost of funds and break-funding.
• Develop and maintain written operational procedures and cross-train team members.

Required qualifications, skills and capabilities

• College degree in business, accounting, finance, or equivalent work experience with commercial loans.
• Two years of experience in accounting, substantiation, and reconciliation functions.
• Knowledge of commercial loan systems and applications, including Loan IQ, ACBS, VLS, SAP, Customer Assist, eServe, and MITs.
• Strong verbal and written communication skills.
• Strong problem-solving, analytical, and judgment skills.
• Proficient in Microsoft Word, Excel, and Access.
• Ability to work independently and collaboratively in a team environment.

Preferred qualifications, skills and capabilities

• Experience with commercial loan systems and applications.
• Familiarity with Treasury-related functions and processes.

About Us: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 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 for more information about requesting an accommodation.About the Team: J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

Expected salary:

Location: Metro Manila

Job date: Sun, 02 Mar 2025 07:25:14 GMT

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