Loan Officer

Loan Officer

Wolverhampton Full-Time 45000 - 75000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage loan operations and ensure accurate processing of various loan products.
  • Company: Join HSBC, a leading global bank with opportunities for growth and development.
  • Benefits: Enjoy a hybrid work model and competitive pay of £250 per day.
  • Why this job: Be part of a dynamic team that drives operational excellence in banking.
  • Qualifications: Experience with Loan IQ and strong organizational skills are essential.
  • Other info: This is a 12-month contract role with potential for career advancement.

The predicted salary is between 45000 - 75000 £ per year.

Loans Administration Officer

London/Hybrid (2 days)

12 Months

£250 p/d PAYE

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. We are currently seeking an experienced individual to join this team in the role of Loans Administration Officer.

Role purpose:

The Supplier Manager is a contract role expected to provide Subject Matter Expertise across Third Party Management for our most Material and complex Third Parties. The role will support the uplift of engagements with strategic Third-Party technology service providers to align with the standards set out in HSBC Technology Governance Framework and work with key stakeholders to drive improved operational resiliency and service delivery in a commercially optimal manner.

Key Accountabilities:

Loan Operations is responsible for the servicing and processing of all loan products offered to HSBC Innovation Banking clients.

Reporting to the Senior Loan Operations Manager, the role will focus on the full range of loan products to be offered by the bank, including term loans, revolving lines of credit, bridging loans, receivables financing, overdrafts in both Bi-lateral and syndicated loans.

The role encompasses and has the following principal responsibilities:

  • Manage the ongoing lifecycle events of Agency and bi-lateral transactions working closely with our front office stakeholders and Transaction Management Group (TMG)
  • Recording new loan account details on all relevant bank systems, by accurately and promptly referring to; Documented credit decisions, including security requirements and other terms and conditions; Loan application form details and client instructions and details; pre-defined process and procedural instructions; Documented product definitions.
  • Ensure that ongoing client account instructions are implemented efficiently and accurately, and critically, in the best interests of the client and the bank. This includes facilitating loan draw downs, repayments, and settlements, Applying account fees and charges in a timely and accurate manner.

Experience / Knowledge:

  • Understanding of LMA and LSTA style Loan documentation.
  • Attention to detail.
  • Strong organizational/prioritization skills.
  • Loan IQ experience is essential for this role.

Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days then we will not be progressing with your application. Thank you for your understanding

Loan Officer employer: HSBC Innovation Banking

At HSBC, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Loans Administration Officer in London, you'll benefit from a hybrid work model, competitive pay, and ample opportunities for professional growth within a globally recognized financial institution. Join us to not only advance your career but also to make a meaningful impact in the world of banking.
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Contact Detail:

HSBC Innovation Banking Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Loan Officer

✨Tip Number 1

Familiarize yourself with LMA and LSTA loan documentation. Understanding these frameworks will not only help you in the interview but also demonstrate your expertise in loan operations, which is crucial for the Loans Administration Officer role.

✨Tip Number 2

Highlight your experience with Loan IQ in your discussions. Since this is essential for the role, being able to speak confidently about your proficiency with this system can set you apart from other candidates.

✨Tip Number 3

Prepare to discuss your organizational and prioritization skills. The role requires managing multiple tasks efficiently, so be ready to provide examples of how you've successfully handled similar responsibilities in the past.

✨Tip Number 4

Engage with current employees or alumni who have worked at HSBC. Networking can provide you with insider insights about the company culture and expectations, which can be invaluable during your interview process.

We think you need these skills to ace Loan Officer

Understanding of LMA and LSTA style Loan documentation
Attention to Detail
Strong Organizational Skills
Prioritization Skills
Loan IQ experience
Client Relationship Management
Knowledge of Loan Products
Operational Resiliency
Service Delivery Optimization
Communication Skills
Problem-Solving Skills
Time Management
Accuracy in Data Entry
Stakeholder Engagement

Some tips for your application 🫡

Understand the Role: Make sure to thoroughly read the job description for the Loans Administration Officer position at HSBC. Understand the key responsibilities and required skills, especially focusing on loan operations and documentation.

Tailor Your CV: Customize your CV to highlight relevant experience in loan operations, particularly with LMA and LSTA style loan documentation. Emphasize any previous roles that involved managing loan products or working with financial institutions.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of the role and your enthusiasm for working at HSBC. Mention specific experiences that align with the job requirements, such as your attention to detail and organizational skills.

Double-Check Your Application: Before submitting your application, review all documents for accuracy and completeness. Ensure that your contact information is correct and that you have included all necessary details related to your qualifications and experience.

How to prepare for a job interview at HSBC Innovation Banking

✨Understand Loan Documentation

Make sure you have a solid grasp of LMA and LSTA style loan documentation. Be prepared to discuss how you've applied this knowledge in previous roles, as it will demonstrate your expertise and readiness for the position.

✨Showcase Your Attention to Detail

During the interview, highlight specific examples where your attention to detail made a significant impact on your work. This could include instances where you caught errors or improved processes, which is crucial for managing loan accounts accurately.

✨Demonstrate Organizational Skills

Be ready to talk about how you prioritize tasks and manage multiple responsibilities. Provide examples of how you've successfully handled competing deadlines in past roles, as strong organizational skills are essential for this position.

✨Familiarize Yourself with Loan IQ

Since Loan IQ experience is essential for this role, ensure you can discuss your familiarity with the software. If you have specific achievements or projects that involved Loan IQ, be sure to mention them to showcase your relevant experience.

Loan Officer
HSBC Innovation Banking
H
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