At a Glance
- Tasks: Manage loan operations and ensure accurate processing of various loan products.
- Company: Join HSBC, a leading global bank with opportunities for growth and development.
- Benefits: Enjoy a hybrid work model and competitive pay of £250 per day.
- Why this job: Be part of a dynamic team that drives operational excellence in banking.
- Qualifications: Experience with Loan IQ and strong organizational skills are essential.
- Other info: This is a 12-month contract role with potential for career advancement.
The predicted salary is between 42000 - 60000 £ per year.
Loans Administration Officer
London/Hybrid (2 days)
12 Months
£250 p/d PAYE
If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. We are currently seeking an experienced individual to join this team in the role of Loans Administration Officer.
Role purpose:
The Supplier Manager is a contract role expected to provide Subject Matter Expertise across Third Party Management for our most Material and complex Third Parties. The role will support the uplift of engagements with strategic Third-Party technology service providers to align with the standards set out in HSBC Technology Governance Framework and work with key stakeholders to drive improved operational resiliency and service delivery in a commercially optimal manner.
Key Accountabilities:
Loan Operations is responsible for the servicing and processing of all loan products offered to HSBC Innovation Banking clients.
Reporting to the Senior Loan Operations Manager, the role will focus on the full range of loan products to be offered by the bank, including term loans, revolving lines of credit, bridging loans, receivables financing, overdrafts in both Bi-lateral and syndicated loans.
The role encompasses and has the following principal responsibilities:
- Manage the ongoing lifecycle events of Agency and bi-lateral transactions working closely with our front office stakeholders and Transaction Management Group (TMG)
- Recording new loan account details on all relevant bank systems, by accurately and promptly referring to; Documented credit decisions, including security requirements and other terms and conditions; Loan application form details and client instructions and details; pre-defined process and procedural instructions; Documented product definitions.
- Ensure that ongoing client account instructions are implemented efficiently and accurately, and critically, in the best interests of the client and the bank. This includes facilitating loan draw downs, repayments, and settlements, Applying account fees and charges in a timely and accurate manner.
Experience / Knowledge:
- Understanding of LMA and LSTA style Loan documentation.
- Attention to detail.
- Strong organizational/prioritization skills.
- Loan IQ experience is essential for this role.
Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days then we will not be progressing with your application. Thank you for your understanding
Loan Officer employer: HSBC Innovation Banking
Contact Detail:
HSBC Innovation Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Officer
✨Tip Number 1
Familiarize yourself with the Loan Market Association (LMA) and Loan Syndications and Trading Association (LSTA) documentation. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Highlight any experience you have with Loan IQ, as this is essential for the role. If you have worked with similar loan management systems, be prepared to discuss how those experiences can translate to success in this position.
✨Tip Number 3
Showcase your attention to detail and organizational skills during the interview. Prepare examples from your past work where these skills led to successful outcomes, especially in managing complex transactions or client accounts.
✨Tip Number 4
Network with professionals in the banking and finance sector, particularly those who work in loan operations. Engaging with industry contacts can provide valuable insights and potentially lead to referrals for the position.
We think you need these skills to ace Loan Officer
Some tips for your application 🫡
Understand the Role: Make sure you thoroughly understand the responsibilities and requirements of the Loans Administration Officer position. Highlight your relevant experience with loan products and any familiarity with LMA and LSTA documentation in your application.
Tailor Your CV: Customize your CV to reflect your experience in loan operations, emphasizing your attention to detail and organizational skills. Include specific examples of how you've managed loan lifecycle events or worked with front office stakeholders.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you're a great fit for this role. Mention your Loan IQ experience and how it aligns with HSBC's goals for operational resiliency and service delivery.
Double-Check Your Application: Before submitting, review your application for any errors or missing information. Ensure that all details are accurate and that your documents are formatted correctly to make a strong impression.
How to prepare for a job interview at HSBC Innovation Banking
✨Understand Loan Documentation
Make sure you have a solid grasp of LMA and LSTA style loan documentation. Be prepared to discuss how you've applied this knowledge in previous roles, as it will demonstrate your expertise and readiness for the position.
✨Showcase Your Attention to Detail
During the interview, highlight specific examples where your attention to detail made a significant impact on your work. This could include instances where you caught errors or improved processes, which is crucial for managing loan accounts accurately.
✨Demonstrate Organizational Skills
Be ready to talk about how you prioritize tasks and manage multiple responsibilities. Provide examples of how you've successfully handled competing deadlines in past roles, as strong organizational skills are essential for this position.
✨Familiarize Yourself with Loan IQ
Since Loan IQ experience is essential for this role, ensure you can discuss your familiarity with the software. If you have specific achievements or projects where you utilized Loan IQ, be sure to mention them to showcase your relevant experience.