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- Tasks: Manage client communications and ensure compliance with loan servicing standards.
- Company: Cobalt Recruitment is a dynamic firm focused on delivering top-notch recruitment solutions.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Join a collaborative team and make a real impact in the finance sector.
- Qualifications: 3+ years of relevant experience and strong Excel skills required.
- Other info: Fluent Spanish is a plus; some travel may be necessary.
The predicted salary is between 28800 - 48000 £ per year.
Job Description
Job Description
Essential Job Functions:
- Approve system generated reporting, queries and related client deliverables for compliance, adherence, accuracy as determined by supporting information.
- Manage communication (both oral and written) with various internal and external clients regarding various questions (both routine and exceptions) related to the proper servicing of the client's CRE loans
- Independently proof transactions (both cash and non-cash) and if applicable, initiate fund transfers due to borrowers and/or lenders in adherence with loan terms, servicing agreements and established servicing standards
- Ensure adherence to internal policies, quality standards, and management direction while meeting contractual deliverables to clients and other external parties
- Generate (or oversee and supervise the generation of) source data (including the posting of transactions) within the servicing system assuring an accurate, current representation of the borrower's outstanding obligations to the lender are reflected within the servicing system
- Summarize research, as needed, to comprehensively respond to inquiries from borrowers, lenders, audit, rating agency and other authorized stakeholders
- Oversee and take part in the design and build of spreadsheet templates and/or financial models, including the coding of interrelated excel formulas, data tables and macros, to analyze the loan metrics, cash flows, amortization tables and similar debt or collateral analysis, and, find and correct logic errors contained within
- Ensure compliance against servicing standards, internal policies, and abstracted key dates, terms/requirements from various loan and servicing documents, while identifying and addressing those provisions that warrant exception processing
- Direct the preparation of periodic reporting summaries, account reconciliations and officer certificates as required by the various servicing agreements
- Demonstrate teamwork by maintaining a professional attitude, proactively assisting coworkers, as well as with special projects, and working overtime, when necessary, to meet client deadlines
- Create process rationalization and efficiency initiatives affiliated with job responsibilities
- Compile various internal reports and work with the asset managers and the portfolio management team with reporting to the client
- Candidate will be assigned responsibilities with a specialized team within servicing focusing on (but not limited to) asset management, portfolio management, treasury services, escrow (including tax or insurance) administration
- Supervise and mentor direct reports
- Such other activities as may be assigned by your manager
Qualifications/ Requirements:
- Experienced professional with 3+ years of industry and/or relevant experience
- Fluent Spanish language skills
- Some leadership experience with small groups or peers is preferable
- Demonstrate the ability to identify a potential problem or issue and take appropriate proactive action.
- Strong excel skills, able to utilize multiple formulas and macros
- Excellent written, verbal and electronic communication skills
- Ability to work in a team environment, yet, express independent thought, with a consistent quality work product being produced
- Some periodic travel (overnight stays) may be required, with subsequent reimbursements of expenses
Loan Associate - Cobalt Recruitment employer: Cobalt Recruitment
Contact Detail:
Cobalt Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Associate - Cobalt Recruitment
✨Tip Number 1
Familiarise yourself with the specific loan servicing software and tools commonly used in the industry. Being able to demonstrate your proficiency in these systems during interviews can set you apart from other candidates.
✨Tip Number 2
Brush up on your Excel skills, especially with advanced functions, formulas, and macros. Consider creating a portfolio of sample spreadsheets or financial models that showcase your abilities, as this could be a great talking point in your interview.
✨Tip Number 3
Since the role requires strong communication skills, practice articulating complex loan concepts clearly and concisely. You might even want to role-play common scenarios with a friend to build your confidence.
✨Tip Number 4
Network with professionals in the loan servicing field, particularly those who have experience with asset management and portfolio management. Engaging with them can provide valuable insights and potentially lead to referrals for the position.
We think you need these skills to ace Loan Associate - Cobalt Recruitment
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience, especially in loan servicing and compliance. Use keywords from the job description to demonstrate that you meet the qualifications.
Craft a Compelling Cover Letter: Write a cover letter that showcases your experience in managing client communications and your proficiency in Excel. Mention your leadership experience and how it aligns with the role.
Showcase Language Skills: Since fluency in Spanish is required, include any relevant experiences where you used your language skills. This could be in previous jobs or during your education.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors. Clear and professional communication is key, so ensure your writing is polished and free of mistakes.
How to prepare for a job interview at Cobalt Recruitment
✨Showcase Your Excel Skills
Since strong Excel skills are crucial for this role, be prepared to discuss your experience with formulas, macros, and data analysis. You might even want to bring examples of spreadsheets you've created or worked on to demonstrate your proficiency.
✨Demonstrate Communication Abilities
As the role involves managing communication with various clients, practice articulating your thoughts clearly and concisely. Be ready to provide examples of how you've effectively communicated in previous roles, especially in challenging situations.
✨Highlight Leadership Experience
If you have any leadership experience, even if it's informal, make sure to mention it. Discuss how you've mentored peers or led small teams, as this will show your capability to supervise and guide others.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving skills. Think of specific instances where you've identified issues and taken proactive steps to resolve them. This will demonstrate your ability to handle challenges effectively.
