Loans Operations Associate - City of London, United Kingdom - CP Recruitment Services Ltd
Description
Loans Administration - Banking, excellent benefitsAn excellent opportunity to join a friendly team based within the City, several roles available including WFH and hybrid working
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MUST HAVE:
Experience of market based systems Loans IQ and Swift_
- Good Team player with excellent communication skills.
- All facets of the Loan life cycle
- All facets of the LC life cycle.
LOANS
- Prepare and provide the MM Traders with a daily Funding sheet of loan activity
- Provide the MM Traders with a daily Prime Position sheet
- Input new borrowings, rollovers, repayments, and draw downs in Loan IQ system
- Process all Bilateral transactions in Loan IQ
- Send out rate setting notices to our direct clients
- Send out intent and rate setting notices for the deals agented by NAB
- Prepare payment templates for new borrowings and draw downs
- Process all interest and fees in Loan IQ system
- Input the FX and Daily Libor rates in Loan IQ
- Maintain the Loan files
LCs
- Prepare Letter of Credit for new issuances
- Process new Letter of Credit deals in Loan IQ system
- Input new issuances, increases, decreases and extensions in Loan IQ system
- Input Bank LC exposures in Credient
- Process LC fees in Loan IQ system
- Process monthly Interest draws
CONTROLS
- Ensures the daily processing is completed in a timely manner
- Reviews the Loan Clearing Account daily for outstanding items and ensures all differences are resolved
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