At a Glance
- Tasks: Administer loans, support banking functions, and ensure compliance with agreements.
- Company: Join a prestigious international bank located in the heart of London.
- Benefits: Enjoy hybrid working options and a dynamic work environment.
- Why this job: Be part of a team that impacts global finance while developing your skills.
- Qualifications: Fluent Mandarin speaker with a degree in Business or Finance preferred.
- Other info: Only successful candidates will be contacted; patience is appreciated.
The predicted salary is between 36000 - 60000 £ per year.
International Bank based in the City of London, are looking to bring onboard a Loans Administration Associate. Permanent position with hybrid working.
To be considered for this position, candidates MUST speak fluent Mandarin. The incumbent will be responsible for administering the delivery of all functions in respect of syndicated and bilateral loans, providing good operational support and services to Corporate Banking, Financial Institutions and Risk Management departments as well as other stakeholders.
Key responsibilities will include:
- Analyse available undrawn commitment balance to ensure utilisation is in line with facility agreement terms
- Archive all fully repaid syndicated customer folders and dispose of repaid folders in line with the Bank’s retention policy
- Assist supervisor to prepare business requests and perform system upgrade testing
- Calculate, process and reconcile commitment, utilisation fee and charges and liaise with agents/customers of missing payments
- Communicate with the Global Financial Markets department on funds requirements and advise the Clearing & Payments department of funds movements in timely manner
- Liaise with agents and advise the Bank’s relationship managers on any system issues affecting their respective facilities
- Process drawdown, rollovers, repayments and rate fixing for agency, bilateral and syndication loan business
- Process fund receipts and payments
- Reconcile and process commitment/utilisation fees and charges as well as chase missing payments from agents/customers
- Reconcile journal entries for transactions balancing under the Bank’s system
- Review and analyse legal and loan documents and approvals for new and existing agency, syndication and bilateral facilities
- Create and submit business requests relating to changes or improvements to the systems
- Evaluate system and limits issues and assist relationship managers to resolve them
To be considered for this position, ideal candidates must have the following experience and skills:
- Degree educated in Business, Finance, Accounting or other equivalent
- Experience within the Financial Services industry and proven track record in similar business stream
- Knowledge of syndicated loan and bilateral products
- Experience in a similar business stream is desirable
- Able to work with highest level of accuracy
- Team player
- Excellent written and verbal communication skills
- Good MS Excel skills
Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.
Facilities Associate (Permanent) employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Facilities Associate (Permanent)
✨Tip Number 1
Make sure to brush up on your Mandarin language skills, as fluency is a must for this role. Practising with native speakers or engaging in language exchange can help you feel more confident during the interview.
✨Tip Number 2
Familiarise yourself with syndicated and bilateral loans, as well as the specific responsibilities mentioned in the job description. Being able to discuss these topics knowledgeably will demonstrate your understanding of the role.
✨Tip Number 3
Network with professionals in the financial services industry, especially those who work with loans administration. This could provide you with valuable insights and potentially even referrals to help you stand out.
✨Tip Number 4
Prepare questions about the company's operations and how they handle loan administration. Showing genuine interest in their processes can set you apart from other candidates during the interview.
We think you need these skills to ace Facilities Associate (Permanent)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the Financial Services industry, particularly focusing on any roles related to loans administration or similar business streams. Emphasise your degree in Business, Finance, or Accounting.
Showcase Language Skills: Since fluency in Mandarin is a must, clearly state your language proficiency in your application. If you have any certifications or experiences that demonstrate your language skills, include those as well.
Highlight Relevant Experience: In your cover letter, discuss specific examples of your experience with syndicated and bilateral loans. Mention any operational support roles you've held and how they relate to the responsibilities listed in the job description.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. Ensure that your communication skills shine through in your writing, as excellent written communication is a key requirement for this role.
How to prepare for a job interview at IPOE Consulting
✨Brush Up on Financial Terminology
Make sure you're familiar with key terms related to syndicated and bilateral loans. Understanding the jargon will help you communicate effectively and demonstrate your knowledge during the interview.
✨Showcase Your Mandarin Skills
Since fluency in Mandarin is a must, be prepared to demonstrate your language skills. You might be asked to answer questions or discuss scenarios in Mandarin, so practice speaking confidently.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world situations. Think of examples from your past experience where you've successfully handled similar tasks or challenges.
✨Highlight Your Attention to Detail
Given the role's emphasis on accuracy, be ready to discuss how you ensure precision in your work. Share specific examples of how you've maintained high standards in previous positions.