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- Tasks: Manage credit documentation and coordinate with solicitors and valuers for smooth transactions.
- Company: Join a warm, service-led bank located in the vibrant City of London.
- Benefits: Enjoy a competitive salary of £50,000 and opportunities for professional growth.
- Why this job: Be part of a dynamic team that values collaboration and innovation in banking.
- Qualifications: 5+ years in credit administration with local banks; knowledge of Islamic lending is a plus.
- Other info: This is a permanent role with a focus on improving credit administration processes.
The predicted salary is between 42000 - 58000 £ per year.
UK experience needed
City of London
Permanent £50,000
cer Financial are working alongside a warm service led bank who are based in the City of London. They are seeking a Credit Administration Manager to work with them on a permanent basis.
The responsibilities of a Credit Administration Manager will include:
- Check in house term sheet/facility letter documentation in a timely manner following credit approval.
- Solicit fee quotes from valuers and solicitors on panel.
- Pro-actively follow up with business the return of documentation duly signed and required committee fee.
- Coordinate the appointment of solicitors and valuers as chosen by client.
- Review valuation report.
- Follow up with solicitors to facilitate completion of the transaction and verify the required documentation are executed in order as per bank’s prevailing requirement.
- Review and assess Report on title and valuation report, identifying key risks, recommending possible mitigants.
- Carry out the disbursement processes and booking of loan limit and collateral in system.
- Liaison with Business, Operations, Credit Approval and Remedial Management as appropriate.
- Assist in the maintenance of data bases used by CAD. Deliver on service level agreements.
- Attend to lease consents requests involving solicitors for vetting the lease to ensure no onerous clauses.
- Attend to discharge and redemption request.
- Assist branch staff with issues relating to credit documentation and limit and collateral management.
- Participate in revaluation Project - Instructing Bank’s valuers to conduct valuation reviews on properties that are to be revalued and reviewing all reports and raising issues with relevant RM’s and CAU.
- Projects on an adhoc basis relating to the credit administration function and its improvement.
The successful Credit Administration Manager will have:
- Proven experience (5+ years) in credit administration with local banks engaging in Buy to Let (residential and commercial) & SME banking product, working capital facilities.
- Strong understanding of documentation, security perfection, regulatory and property due diligence requirements.
- Experience of process and technology solutions for risk mitigation & control.
- Knowledge in Islamic lending - Commodity Murabaha and Diminishing Musharaka desirable but not essential.
Credit Administration Manager employer: CER FINANCIAL LTD
Contact Detail:
CER FINANCIAL LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Administration Manager
✨Tip Number 1
Network with professionals in the banking sector, especially those who have experience in credit administration. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends in credit management.
✨Tip Number 2
Familiarise yourself with the specific regulations and documentation requirements for credit administration in the UK. This knowledge will not only boost your confidence but also demonstrate your commitment to understanding the role's demands.
✨Tip Number 3
Consider reaching out to current or former employees of the bank you're applying to. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach during interviews.
✨Tip Number 4
Stay updated on the latest developments in Islamic lending practices, even if it's not essential for the role. Showing a willingness to learn about diverse financial products can set you apart from other candidates.
We think you need these skills to ace Credit Administration Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in credit administration, particularly with local banks. Emphasise your 5+ years of experience and any specific roles related to Buy to Let and SME banking.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the responsibilities listed in the job description. Mention your familiarity with documentation processes, risk mitigation, and any experience you have with Islamic lending, even if it's not essential.
Showcase Relevant Skills: In your application, clearly outline your skills in liaising with various departments, coordinating with solicitors and valuers, and managing documentation. Use specific examples to demonstrate your expertise in these areas.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for a role in credit administration.
How to prepare for a job interview at CER FINANCIAL LTD
✨Know Your Documentation
Make sure you have a solid understanding of the documentation involved in credit administration. Be prepared to discuss your experience with term sheets, facility letters, and the importance of security perfection.
✨Showcase Your Experience
Highlight your 5+ years of experience in credit administration, especially with local banks. Be ready to provide specific examples of how you've handled Buy to Let and SME banking products.
✨Understand Risk Mitigation
Demonstrate your knowledge of risk mitigation processes and technology solutions. Discuss any relevant experiences where you successfully identified risks and implemented controls.
✨Familiarise Yourself with Islamic Lending
While not essential, having knowledge of Islamic lending practices like Commodity Murabaha and Diminishing Musharaka can set you apart. If you have any experience in this area, be sure to mention it.
