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- Tasks: Manage credit administration, ensuring compliance and effective risk management for lending facilities.
- Company: A leading Residential HNW Property Lender in the city.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Join a pivotal role in safeguarding financial interests and enhancing lending processes.
- Qualifications: Experience in credit administration and strong organisational skills required.
- Other info: Opportunity for career growth in a supportive and collaborative team.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a city-based Residential HNW Property Lender, seeks an experienced credit admin manager to ensure that all lending facilities operate within the limits agreed by CIUK Credit Committee or Group Credit Committee. This includes, although is not limited to, the following:
Principal Duties- Day to day management of all credit administration issues
- Work closely with the Head of Credit to ensure that the bank's interests are promoted and protected at all times
- Report to the Head of Credit on progress and on key performance indicators in general
- Meet as required with the Senior Business Development Manager to discuss credit administration issues, maintaining the independence of the function
- Meet with internal auditors, external auditors, and the regulator as required
- Ensure that all work is completed to a professional standard with audit trails as appropriate
- Ensure that the credit administration procedures are updated regularly and that there are adequate procedures in place that explain the function and key processes
- Comply with the rules, evidential provisions, and guidance set out in the FCA's Principles for Businesses
- Timely and accurate recording of facilities on T24
- Maintenance of a clear audit trail of all relevant documents in electronic form (and paper if necessary)
- Confirming the bank has adequate security prior to drawdown
- Confirming that conditions precedent are met prior to drawdown
- Drawdown of facilities
- Ensuring that all annual reviews are conducted in a timely manner
- Ensuring that all insurance reviews are conducted in a timely manner
- Confirming that loans have been repaid in full prior to the release of security
- Establishment of systems and procedures to monitor specific requirements, e.g., mandatory insurance, staged drawdowns etc.
- To be the bank's primary credit administration contact
- To provide credit administration training as required
- To help the bank accomplish its objectives by bringing a systematic and disciplined approach to evaluation and improving the effectiveness of risk management, control, and governance of processes
- Facility Letters: Following CIUK Credit Committee, establish all facilities which have been approved
- Maintain a master listing of all approved loans and manage the timely production of accurate facility letters
- Ensure the facility letters are only sent to borrowers after onboarding of the borrower
- Ensure that signed, accepted facility letters are in the bank's possession prior to drawdown
- Liaise with front office staff where facility letters have not been completed by the borrower(s)
- Appoint solicitors and valuers
- Drawdown: Ensure that valuations are appropriate and timely in relation to the facility
- Ensure that all conditions precedent are met prior to drawdown
- Obtain solicitor confirmation that any security is charged to the bank
- Obtain a copy of the Land Registry/Companies House charge certificates or equivalent
- To drawdown the funds
- Set up the loan, limit, and collateral record in T24
- Release of Security: Ensure that the bank never releases any security without the prior consideration of the credit risk department
- Ensure that no security is ever released unless there has been full repayment of all related amounts outstanding
- Release the security
- General Administration: Maintain a clear and auditable electronic (and paper if required) filing structure such that all key documents are immediately available
- Maintain a diarised system of reminders for RMs when a facility's annual insurance confirmation is required
- Maintain a diarised system of reminders for RMs when a facility's annual review is required
- Report outstanding annual reviews and insurance confirmations by due date in the Monthly Credit Meeting
- Risk Management: Provide regular appraisal for management as to risk and control infrastructure related to credit administration, with particular emphasis on ongoing facility security issues
- Determine whether the systems and controls established by management have operated as laid down (in the department's control documentation) and comply with policies, procedures, laws, regulations, and other relevant requirements
- Ensure timely and accurate submission of regulatory returns
Credit Manager - Property in City of London employer: City Recruitment Associates Ltd
Contact Detail:
City Recruitment Associates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager - Property in City of London
✨Tip Number 1
Networking is key! Get out there and connect with professionals in the property lending sector. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews like a pro! Research the company and its credit administration processes thoroughly. Be ready to discuss how your experience aligns with their needs, especially around risk management and compliance. Show them you’re the perfect fit!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation for the opportunity. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you land that Credit Manager position. Plus, applying directly can sometimes give you an edge over other candidates. Let’s get you that job!
We think you need these skills to ace Credit Manager - Property in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Manager role. Highlight your experience in credit administration and any relevant achievements that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this position. Mention specific skills or experiences that relate to the duties listed, and don’t forget to show your enthusiasm for working with us at StudySmarter.
Be Clear and Concise: When filling out your application, keep your language clear and concise. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make it easy for us to see your qualifications!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy to do!
How to prepare for a job interview at City Recruitment Associates Ltd
✨Know Your Stuff
Make sure you’re well-versed in credit administration and the specific duties outlined in the job description. Brush up on your knowledge of FCA regulations and how they apply to property lending. This will show that you’re not just interested in the role, but that you understand the industry.
✨Prepare Real-Life Examples
Think of specific situations where you've successfully managed credit administration tasks or resolved issues. Be ready to discuss how you maintained audit trails, ensured compliance, or improved processes. This will help demonstrate your hands-on experience and problem-solving skills.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s credit policies, team dynamics, or future challenges in the property lending sector. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
✨Showcase Your Communication Skills
As a Credit Manager, you'll need to liaise with various stakeholders. During the interview, focus on how you communicate complex information clearly and effectively. Use examples from past experiences where your communication made a difference in achieving results.
