- To take responsibility for an allocation of the team's day-to-day administration of loans, deposits, corporate FX deals and current account movements including the preparation and input of system tickets, the calculation, claiming and reconciliation of fees and interest, the preparation of communication cards and liaison with Treasury staff with regard to funding requirements of the Banks loans and deposits.
- In relation to the daily work, to also undertake careful checking and verification duties (within delegated levels of authority).
- To liaise with Loan Administration Departments of other banks regarding instructions under syndicated transactions and/or with our colleagues in the Front Office departments.
- To occasionally receive instructions from bilateral customers and act upon these in the appropriate manner.
- To take responsibility for the preparation and sending of confirmations, statements, reports, and certificate of balances to customers. Ensuring due consideration and adherence to the important Electronic Communications Policy of the branch.
- To possess an increasing appreciation/understanding of a greater number of aspects of the department's overall work – e.g.: credit reviews and ratings, repayment schedule maintenance.
- To play a significant role in the monthly reporting function of the department, assisting with various reconciliations, the monitoring of fees, updating of pending item forms and preparation of monthly management reports.
- To play a significant role in the continuing development of any junior Loan Administration staff, providing guidance and support on a daily basis.
- To minimise the occurrence of operational irregularities through a conscientious approach to daily duties and to ensure any relevant issues are reported to the Loan Administration Head of Department, Manager or Assistant Manager in timely fashion.
- To carry out such other duties as requested by the Loan Administration Head of Department, Manager and/or Assistant Manager.
- To carry out such other duties at the request of the General Manager.
Loans Administration - London, United Kingdom - Martis Search
Description
Job Description
The Role
Loans Administration - Senior Officer (Transactional) - City of London based global Bank
Martis Search is representing a global Bank, to hire a permanent " Loans Administration Senior Officer (Transactional)."
The company is going through a successful growth stage in 2024 within their Loans business and as a result need to hire within their Loans Operations department.
The company is based in The City of London and the bank has global locations. The position sits within their Loans Operations department and reports into their Loans Administration Manager.
The role provides Loans Operational support for their Lending, Corporate Banking, Current Account, Business Deposits, Corporate FX customers for all Bilateral and Syndicated Loan facilities.
The role is also hybrid (within a x 4-week period, x 8-days employees are allowed to work from home, so you will be able to work-from, as well as in the office). The company offers great overtime rates and also a pension. It is a friendly bank to work for and a safe a secure environment.
JOB PURPOSE:
To assist with the day-to-day administration of lending, current account, deposit and corporate FX business for bilateral customers and the administration of syndicated and bilateral loan facilities to UK and overseas corporate customers originating from the Bank's Front Office.
KEY RESPONSIBILITIES:
QUALIFICATIONS AND EXPERIENCE:
'A' level qualification
A minimum of 5-years Loan Administration experience.
Knowledge and experience of formatting Swift messages desired.
Knowledge and experience of LoanIQ is desired due to ongoing system migration project.
Advanced Excel and/or Access skills desired but not required.
SUPERVISION & REPORTING LINES:
Responsible for ongoing monitoring of the departments daily transactional work, the development of knowledge and skill of junior staff in the department and the implementation of new or enhanced controls whenever required; all of which can be achieved via suitable and appropriate delegation of work to subordinates within the department.
Supervised by the Head of Department and Loan Administration Manager (where deemed applicable).
Continuous training, development, and support from all colleagues in the wider Loan Administration Department will be provided
KEY STAKEHOLDERS:
Internally, principally with other staff in the department and with funding, payments, reconciliation and Front Office staff within the Branch.
Externally, frequent day-to-day contact is necessary with a wide variety of bilateral clients throughout Europe and beyond, also with Loan Administration staff of other banks.
Salary
£50 k pa - £55 k pa plus Bonus, Pension, Private Medical Care, Health checks, Wellbeing allowances and Life Assurance.