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For Companies At a Glance
- Tasks: Manage loan settlements, check details, and ensure accurate payments.
- Company: Join an International Bank in the heart of London.
- Benefits: Gain valuable experience in finance with a stable 12-month contract.
- Why this job: Perfect for those looking to kickstart their career in banking and finance.
- Qualifications: No specific experience required; just a keen eye for detail and a willingness to learn.
- Other info: This role is office-based, offering a chance to work in a dynamic environment.
The predicted salary is between 36000 - 60000 £ per year.
Our client, an International Bank based in the City of London, are looking to recruit a Loan Settlement Administrator for a 12 month fixed term contract. It’s also worth noting this position, will be based full time in the office. Main responsibilities will include; Check details of Loan notices and e-permit Open any new clients and facilities Register Nostro account cashflow relating to loan settlement Make drawdown payments due, following instructions from Credit Administration Department Update Loans Register schedule spreadsheet Make sure interest and/or principal are received from agents or the borrower and are consistent with loan transaction record Make sure any fees due are paid or received File Loan settlement records in folders
Loan Settlement Administrator employer: IPOE CONSULTING LIMITED
Contact Detail:
IPOE CONSULTING LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Settlement Administrator
✨Tip Number 1
Familiarize yourself with the loan settlement process and terminology. Understanding key concepts like Nostro accounts, drawdown payments, and loan transaction records will help you stand out during discussions.
✨Tip Number 2
Network with professionals in the banking sector, especially those who work in loan administration. Engaging with them on platforms like LinkedIn can provide insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest regulations and trends in the banking industry. This knowledge can be a great conversation starter and demonstrate your commitment to the field during interviews.
✨Tip Number 4
Prepare to discuss your experience with spreadsheets and data management. Since maintaining the Loans Register schedule is a key responsibility, showcasing your proficiency in these areas will be beneficial.
We think you need these skills to ace Loan Settlement Administrator
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Loan Settlement Administrator position. Understand the key responsibilities and required skills, such as attention to detail and familiarity with loan transactions.
Tailor Your CV: Customize your CV to highlight relevant experience in loan administration or financial services. Emphasize any specific skills that align with the responsibilities mentioned, like cashflow management and record-keeping.
Craft a Strong Cover Letter: Write a cover letter that directly addresses the requirements of the job. Mention your experience with loan settlements, your ability to manage client accounts, and your attention to detail in financial documentation.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your professionalism and attention to detail, which are crucial for this role.
How to prepare for a job interview at IPOE CONSULTING LIMITED
✨Understand Loan Settlement Processes
Make sure you have a solid grasp of loan settlement processes and terminology. Familiarize yourself with how loan notices work, as well as the importance of accurate cash flow registration for Nostro accounts.
✨Demonstrate Attention to Detail
Since the role involves checking details and ensuring consistency in records, be prepared to discuss examples from your past experiences where your attention to detail made a significant impact on your work.
✨Show Your Team Spirit
This position requires collaboration with the Credit Administration Department and other teams. Be ready to share instances where you successfully worked in a team environment and how you contributed to achieving common goals.
✨Prepare Questions About the Role
Think of insightful questions to ask about the role and the company. This shows your genuine interest in the position and helps you understand if it's the right fit for you.
