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- Tasks: Support loan administration by managing syndicated and bilateral loans, ensuring smooth operations.
- Company: Join a dynamic financial services team focused on trade finance and cash management.
- Benefits: Enjoy a full-time permanent role with opportunities for growth and development.
- Why this job: Gain hands-on experience in finance while working in a collaborative and supportive environment.
- Qualifications: Degree in Business, Finance, or Accounting; experience in financial services preferred.
- Other info: Ideal for detail-oriented team players with strong communication skills.
The predicted salary is between 30000 - 42000 £ per year.
Job Description
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes the Operations Resilience and Operation Control teams which are responsible for overseeing the Bank's resilience programme and managing user rights for certain systems. As a Junior Assistant – Loan Administration, you will be responsible for administering the delivery of all functions in respect of syndicated and bilateral loans, providing good operational support and services to Corporate Banking, Financial Institutions and Risk Management departments as well as other relevant stakeholders. This is a 12 month full time fixed term contract position.
Key responsibilities
- Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms
- Prepare business requests and perform system upgrade testing
- Calculate, process and reconcile commitment/utilisation fees and charges; actively follow up with agents/customers on missing payments
- Liaise with the Global Financial Markets department regarding funding requirements and communicate fund movements promptly to the Clearing and Payments department
- Liaise with agents and advise the relationship managers on any system issues affecting their respective facilities
- Process and accurately book all core loan transactions, including drawdowns, rollovers, repayments, and rate fixings for agency, syndication, and bilateral facilities
- Process fund receipts and payments using GUPP, SWIFTMS and WBIFN systems
- Reconcile and process commitment/utilisation fees and charges as well as chase missing payments from agents/customers
- Reconcile journal entries for transactions balancing under the Bank's systems
- Review and analyse legal and loan documents and approvals for new and existing agency, syndication and bilateral facilities
- Provide essential administrative support to the team head
Requirements
- Degree educated in Business, Finance, Accounting or other relevant subject
- Proven track record in similar business stream
- Knowledge of syndicated loan and bilateral products and processes
- Attention to detail
- Commercial awareness
- Highly organised and able to work in a fast paced environment
- Team player with ability to work independently
- Proficient in MS Office (Microsoft Word, Excel, PowerPoint)
- Excellent communication skills
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally. Â
Junior Assistant - Loan Administration employer: Bank of China (UK) Limited
Contact Detail:
Bank of China (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Assistant - Loan Administration
✨Tip Number 1
Familiarise yourself with the key responsibilities of the Junior Assistant - Loan Administration role. Understanding the nuances of syndicated and bilateral loans will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who work in loan administration or related fields. Attend industry events or join online forums to gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your MS Excel skills, as they are crucial for this role. Consider taking an online course or practicing with real-world data to enhance your proficiency before applying.
✨Tip Number 4
Prepare to discuss your attention to detail and communication skills in your interview. Think of specific examples from your past experiences that demonstrate these qualities, as they are vital for success in this position.
We think you need these skills to ace Junior Assistant - Loan Administration
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in loan administration, financial services, and any specific skills related to syndication loans and bilateral products. Use keywords from the job description to catch the employer's attention.
Craft a Strong Cover Letter: Write a cover letter that explains why you are interested in the Junior Assistant position and how your background aligns with the responsibilities outlined in the job description. Be sure to mention your degree and any relevant experience.
Showcase Your Skills: In your application, emphasise your MS Excel skills and attention to detail. Provide examples of how you've used these skills in previous roles or projects, especially in relation to financial analysis or loan management.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role.
How to prepare for a job interview at Bank of China (UK) Limited
✨Know Your Loan Products
Make sure you have a solid understanding of syndicated and bilateral loans. Be prepared to discuss how these products work and their importance in the financial services industry. This will show your potential employer that you're not just interested in the role, but also knowledgeable about the field.
✨Demonstrate Attention to Detail
Given the nature of the role, attention to detail is crucial. Prepare examples from your past experiences where your meticulousness made a difference, whether in processing documents or managing records. This will highlight your suitability for the position.
✨Showcase Your Team Player Skills
The job requires collaboration with various departments. Be ready to share instances where you've successfully worked in a team, particularly in high-pressure situations. This will illustrate your ability to support colleagues and contribute positively to the workplace.
✨Prepare for Technical Questions
Brush up on your MS Excel skills and be ready to answer questions related to data analysis and reporting. You might be asked to demonstrate your proficiency, so consider practising common Excel functions that are relevant to loan administration.
