Loan Operations Administrator

Loan Operations Administrator

City of London Full-Time 30000 - 42000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Review and process loan applications to support small businesses in the UK.
  • Company: Join Funding Circle, a leader in SME lending with a mission to empower small businesses.
  • Benefits: Enjoy flexible working, competitive health benefits, and a tailored benefits package.
  • Why this job: Make a real impact on small businesses while developing your career in a dynamic environment.
  • Qualifications: 6 months experience in operations or admin, strong attention to detail, and a willingness to learn.
  • Other info: Diverse and inclusive workplace with excellent career growth opportunities.

The predicted salary is between 30000 - 42000 £ per year.

Loan Operations Analyst
We are looking for a Loan Operations Analyst in our Operations team.
Our Loan Operations Team is focused on supporting the efficient and accurate flow of ‘borrowers’ through our lending process. We partner with our Sales Team and Underwriters to assess, verify, and document each loan opportunity.
Who are we?
We’re Funding Circle. We back small businesses to succeed.
At Funding Circle, we believe the world needs small businesses. That’s why we’ve made it our mission to help them get the finance they need to grow.
With more than a decade of expertise under our belt, we’ve built a game-changer of a platform with cutting-edge data and technology that’s reshaping the landscape of SME lending. Say goodbye to lengthy applications and hello to lightning-fast decisions! In just minutes, SMEs across the UK can get a decision, giving them access to competitive funding in a flash.
We know that good business is about good people. So we pride ourselves on providing meaningful, human support as well as fast, hassle free processes to deliver an unbeatable customer experience.
The role
This is a busy admin role where you will be reviewing and processing loan applications to provide fast, efficient funding to small businesses in the UK.
    Reviewing financial accounts, bank statements and risk reports to process loan applications
    Completing know your customer (KYC) checks during the borrowers on-boarding journey and referring cases to our AML and Fraud teams where required
    Use third party systems to collect information on the applicant and their business
    Perform rigorous quality assurance: Reconcile loan documents and internal system data for completeness and accuracy
    Working in a collaborative team environment
    Proactively problem solving, identifying and confidently mitigating any risks, issues or control weaknesses that arise in your day-to-day
What we’re looking for
    At least 6 months experience in a high volume operations or administrative role
    Ability to work to deadlines and business goals in a fast paced, dynamic environment
    Excellent attention to detail, self motivation, strong organisational skills and ability to follow procedures
    Ability to complete tasks that are repetitive in nature
    Willingness to learn and adapt with ever evolving policies and procedures
    It would be great, but not essential, if you had familiarity with financial documents, bank statements and identification documents
At Funding Circle we are committed to building diverse teams so please apply even if your past experience doesn’t align perfectly with the requirements.
Want to learn more?
    We have a huge impact on the businesses that borrow through our platform, the communities they serve and the overall economy (last year £6.9bn of GDP generated). You can read our full Impact Report here:https://www.fundingcircle.com/uk/impact
    To see what our customers think, visit our Trustpilot page: https://uk.trustpilot.com/review/fundingcircle.com
    And we’re still evolving! Our award-winning multi-product platform is solving more SME finance challenges than ever before. We think big, rally together and meet the needs of SME customers like no other.
Why join us?
At Funding Circle, we celebrate and support the differences that make you, you. We’re proud to be an equal-opportunity workplace and affirmative-action employer. We truly believe that diversity makes us better.
As a flexible-first employer we offer hybrid working at Funding Circle, and we\’ve long believed in a \’best of both\’ approach to in-office collaboration and non-office days. We expect our teams to be in our London office three times a week, where you can take advantage of our newly refurbished hybrid working space, barista made coffee and subsidised lunches (via JustEat) every day!
We back our Circlers to build their own incredible career, making a difference to small businesses every day. Our Circler proposition is designed to support employees both in and out of work, and it is anchored around four pillars: Health, Wealth, Development & Lifestyle.
A few highlights:
    Flexibility: We provide you with a benefit allowance so that you can tailor your benefit selection to you and your family’s needs.
    Health:Private Medical Insurance, Dental Insurance, Health Cash Plan, Health Assessments (including female fertility health assessments), eyecare vouchers, flu jabs, Wellhub (for discounted flexible gym membership and access to wellbeing apps) access to a free Employee Assistance Programme and free Digital GP for yourself and any children under 16.
    Wealth:Life Assurance, Income Protection, Critical Illness Cover, financial coaching through Octopus Money Coach, a tax-advantaged share scheme, a free mortgage advisor partnership and discounts across numerous retailers through Perks at Work.
    Development: Dedicated annual Learning & Development allowance and full access to internal learning platform.
    Lifestyle:Electric Car Scheme, Cycle to Work scheme, Season Ticket Loans, and more!
And finally, we have award winning parental leave policies supporting parents through enhanced maternity, partner and adoption leave, as well as additional leave for parental bereavement and for fertility treatments.
Ready to make a difference? We’d love to hear from you.

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Loan Operations Administrator employer: Funding Circle Ltd.

At Funding Circle, we are dedicated to empowering small businesses and fostering a supportive work environment for our employees. With a flexible-first approach, our London office offers a vibrant space for collaboration, complemented by excellent benefits such as private medical insurance, a tailored benefit allowance, and a strong focus on personal development. Join us to be part of a diverse team that values your unique contributions while making a meaningful impact on the economy.
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Contact Detail:

Funding Circle Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Loan Operations Administrator

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching Funding Circle and understanding their mission. Be ready to discuss how your skills align with their goals, especially in supporting small businesses through efficient loan processes.

✨Tip Number 3

Practice common interview questions related to operations and administration roles. Think about examples from your past experience that showcase your attention to detail and problem-solving skills.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Funding Circle.

We think you need these skills to ace Loan Operations Administrator

Attention to Detail
Organisational Skills
Problem-Solving Skills
Ability to Work to Deadlines
Experience in High Volume Operations
Knowledge of Financial Documents
KYC Checks
Quality Assurance
Data Reconciliation
Adaptability
Collaboration Skills
Self-Motivation
Ability to Follow Procedures

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experience that match the Loan Operations Administrator role. Highlight any relevant admin or operations experience, especially if you've worked with financial documents before.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about supporting small businesses and how your skills can help us at Funding Circle. Keep it concise but impactful!

Showcase Attention to Detail: Since this role involves reviewing loan applications, it's crucial to demonstrate your attention to detail. Mention specific examples where you've successfully managed tasks that required precision and thoroughness.

Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our amazing team at Funding Circle!

How to prepare for a job interview at Funding Circle Ltd.

✨Know Your Numbers

As a Loan Operations Administrator, you'll be dealing with financial accounts and bank statements. Brush up on your financial literacy before the interview. Be prepared to discuss how you would review these documents and what key indicators you would look for in a loan application.

✨Showcase Your Attention to Detail

This role requires excellent attention to detail. During the interview, share examples of how you've ensured accuracy in previous roles. You might want to mention specific processes you followed to maintain high standards in your work.

✨Demonstrate Problem-Solving Skills

Funding Circle values proactive problem solvers. Think of a time when you identified a risk or issue in your work and how you addressed it. Be ready to explain your thought process and the outcome, as this will show your ability to mitigate risks effectively.

✨Familiarise Yourself with KYC Processes

Since you'll be completing KYC checks, it's beneficial to understand the basics of this process. Research what KYC entails and be prepared to discuss its importance in the lending process. This shows your commitment to compliance and customer service.

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