At a Glance
- Tasks: Manage loans, bank guarantees, and ensure smooth credit operations.
- Company: Dynamic financial institution based in London.
- Benefits: Competitive salary, career growth, and a supportive team environment.
- Other info: Fast-paced environment with opportunities for professional development.
- Why this job: Join a vital role in credit management and make a real impact.
- Qualifications: Experience in credit administration and strong analytical skills.
The predicted salary is between 45000 - 55000 £ per year.
Location: London
Type: Permanent
About the Role
We are seeking a highly motivated and detail-oriented Assistant Manager - Credit Administration to join our London-based team. This permanent role will be responsible for managing loans and advances, bank guarantees, and portfolio maintenance for bilateral credit and syndication loan accounts. The ideal candidate will bring a strong understanding of credit operations and financial analysis to support accurate reporting, client servicing, and departmental efficiency.
Key Responsibilities
- Manage bilateral credit/syndication loans and bank guarantees, including drawdowns, rollovers, interest servicing, repayments, renewals, and issuance.
- Handle back-office tasks for loan accounts, including file maintenance, transaction verification and authorisation (Finacle), and internal correspondence.
- Maintain daily currency-wise cash flow coordination with Treasury.
- Liaise with back offices of agent and participating banks/branches.
- Conduct periodic review/renewal of credit facilities.
- Monitor covenants, collateral, and insurance compliance.
- Prepare and submit reports/returns accurately and on time to relevant authorities.
- Support internal departments to ensure smooth workflow and effective issue resolution.
- Maintain high levels of customer satisfaction and provide coverage for other supervisory staff during absences.
Candidate Requirements
- Proven experience in credit administration, loans & advances, and bank guarantees.
- Sound knowledge of financial statement analysis and loan portfolio management.
- Proficient in Finacle, MS Word, Excel; working knowledge of Bloomberg/Reuters preferred.
- Strong communication and problem-solving skills.
- Ability to work effectively under pressure and meet tight deadlines.
- Calm temperament and professional demeanour.
Reporting Line
This role reports directly to the Head of Credit Administration.
Credit Administration Manager in Cheltenham employer: LJ Recruitment Limited
Join our dynamic London team as a Credit Administration Manager, where we prioritise employee growth and development in a supportive work culture. We offer competitive benefits, including flexible working arrangements and opportunities for professional advancement, making us an excellent employer for those seeking a rewarding career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Administration Manager in Cheltenham
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work in credit administration. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit operations and financial analysis. We recommend practising common interview questions related to loans and bank guarantees to show you're the right fit for the role.
✨Tip Number 3
Don’t forget to showcase your problem-solving skills during interviews! Share specific examples of how you've handled challenges in credit administration before. This will help you stand out as a candidate who can keep things running smoothly.
✨Tip Number 4
Apply through our website for the best chance at landing that Assistant Manager role! We love seeing applications directly from motivated candidates who are eager to join our team.
We think you need these skills to ace Credit Administration Manager in Cheltenham
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Assistant Manager - Credit Administration. Highlight your experience in credit operations and financial analysis, as these are key for us. Use specific examples that showcase your skills in managing loans and bank guarantees.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your understanding of credit administration and how you can contribute to maintaining high levels of customer satisfaction at StudySmarter.
Showcase Your Skills:Don’t forget to highlight your proficiency in Finacle, MS Word, and Excel. If you have experience with Bloomberg or Reuters, make sure to mention that too! We love seeing candidates who are tech-savvy and can handle back-office tasks efficiently.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application directly and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at LJ Recruitment Limited
✨Know Your Credit Operations
Make sure you brush up on your understanding of credit operations and financial analysis. Be ready to discuss your experience with managing loans, bank guarantees, and how you've handled portfolio maintenance in the past. This will show that you’re not just familiar with the terms but can apply them effectively.
✨Master the Tools of the Trade
Familiarise yourself with Finacle, MS Word, and Excel before the interview. If you have experience with Bloomberg or Reuters, be prepared to talk about it. Demonstrating your proficiency with these tools will give you an edge and show that you can hit the ground running.
✨Prepare for Scenario Questions
Expect questions that ask you to solve problems or handle specific scenarios related to credit administration. Think of examples from your past work where you successfully managed a challenging situation, like a loan rollover or compliance issue. This will highlight your problem-solving skills and calm temperament under pressure.
✨Showcase Your Communication Skills
Since this role involves liaising with various banks and internal departments, be ready to demonstrate your strong communication skills. Practice explaining complex concepts clearly and concisely. You might even want to prepare a few questions to ask the interviewer about their communication processes to show your interest.
